Investors are bracing for more turbulence in U.S. stocks, as some states prepare to reopen their economies and global trade tensions rise.
The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment giant Huawei Technologies, spurring fears of Chinese retaliation and hammering shares of U.S. producers of chipmaking equipment.
Layoffs in the United States jumped to a record high in March, while the number of people voluntarily quitting their jobs dropped to a 4-1/2-year low as the novel coronavirus crisis rapidly changed labor market dynamics.
Shares in Wirecard fell to more than two-year lows on Friday after a Dubai-based business partner closed its doors even as the German payments company played down the impact on operations.
Facebook Inc is acquiring Giphy, a popular website for making and sharing animated images, or GIFs, Facebook said in a blog post on Friday.
United Airlines Holdings Inc has told staff that it only has work for about 3,000 of its about 25,000 flight attendants in June, sources said, and warned of job losses if demand does not recover by the time government payroll aid expires in the fall.
U.S. consumer sentiment rose unexpectedly in early May after a record plunge a month earlier as emergency assistance payments improved household finances hurt by mass layoffs from the coronavirus crisis, a survey released on Friday showed.
BOGOTA: Colombia's commerce regulator said on Friday it will investigate mobile applications Rappi, Uber Eats, iFood and Domicilios.com for failure to fulfill delivery times, delays in returning money and other alleged problems on Mother's Day. Colombia has been holding a nationwide coronavirus ...
In a race to position itself in the latest trade battle between the United States and China, Taiwan Semiconductor Manufacturing Co Ltd made it just under the wire.
U.S. stock index futures rose on Friday as better-than-expected industrial data from China raised hopes of an eventual economic recovery from coronavirus-related lockdowns.
