The Nasdaq was on track to end Thursday in positive territory for 2020 after winning back the vast majority of steep losses caused in recent months by the coronavirus pandemic.
WASHINGTON: Millions more Americans sought unemployment benefits last week, suggesting layoffs broadened from consumer-facing industries to other segments of the economy and could remain elevated even as many parts of the country start to reopen. The deepening economic crisis triggered by ...
NEW YORK/BOSTON: When American companies recently applied for U.S. government loans meant to help small businesses survive the coronavirus crisis, they had to certify they needed the cash to cover basic needs like salaries and rent. The money, up to US$10 million, was meant to tide them over for...
Michigan Governor Gretchen Whitmer on Thursday is expected to announce that the state's factories can reopen soon, removing one of the last major obstacles to North American automakers bringing thousands of laid-off employees back to work amid the coronavirus pandemic, two people familiar with the ...
Wall Street gave a resounding vote of confidence to ride-hailing stocks ahead of Uber's results on Thursday, after Lyft indicated a slow recovery in demand and lower costs as rising unemployment creates greater supply of drivers.
Zoom Video Communications Inc will launch consultations on May 22 on the first draft of cryptography it plans to use to offer end-to-end encrypted meetings to all paying subscribers, as it seeks to quash criticism of its platform over security.
REUTERS: Bike-sharing service provider Lime said on Thursday it raised US$170 million in an investment round led by Uber Technologies Inc, with Alphabet Inc, Bain Capital Ventures and GV among other participants. As a part of the investment, Lime acquired electric bicycle service JUMP Bikes, which ...
The U.S. agency that enforces laws prohibiting disability discrimination said on Thursday that employers must try to accommodate workers with medical conditions that make them vulnerable to the novel coronavirus before sending them home.
Japan's Nintendo Co Ltd said on Thursday its fourth-quarter profit soared 200per cent due to surging demand for its Switch games console, and that title Animal Crossing: New Horizons shifted a record 13.4 million units in its first six weeks.
Twilio Inc shares surged 32per cent to a record high after the cloud communication provider's quarterly results and forecast smashed Wall Street estimates on increased demand from telehealth and education companies amid widespread lockdowns.
