A Black Facebook Inc worker on Thursday filed a complaint claiming the social media giant's stated commitment to diversity and civil rights, including its support for the Black Lives Matter movement, masks widespread discrimination against Black workers.
The U.S. Federal Reserve's massive stash of bonds and other assets slipped for a third straight week to its smallest size since mid-May, data released by the central bank on Thursday showed.
XIAMEN, China: Luckin Coffee Inc said on Thursday (Jul 2) co-founder Charles Zhengyao Lu will stay on as chairman of the embattled coffee chain after a proposal to oust him, stemming from an internal fraud investigation, failed to get board approval. The move to oust Lu was proposed by...
Convertible bonds that were part of a complex transaction that allowed Japan's Softbank to buy a stake in now-collapsed payments company Wirecard and then de-risk the transaction have been put up for sale in an auction.
NEW YORK: Wall Street shrugged off surging coronavirus cases to end a shortened trading week with gains on Thursday (Jul 2), fuelled by an unexpectedly healthy US jobs report that bolstered hopes the economy is recovering. The Dow Jones Industrial Average gained 0.36 per cent to close at 25,827.36 ...
Wall Street closed higher and the Nasdaq reached an all-time closing high on Thursday as investors headed into their long holiday weekend buoyed by a record surge in payrolls, which provided assurance that the U.S. economic recovery was well under way.
Luckin Coffee Inc said on Thursday a proposal to remove Charles Zhengyao Lu as chairman of the embattled coffee chain's board did not get the number of necessary votes from directors to pass.
SEATTLE: Boeing Co's communications chief Niel Golightly has resigned his position, the company said on Thursday (Jul 2), following an employee's complaint over an article the former US military pilot wrote 33 years ago arguing women should not serve in combat. "My article was a 29-year-old Cold ...
Boeing Co's communications chief Niel Golightly has resigned his position, the company said on Thursday, following an employee's complaint over an article the former U.S. military pilot wrote 33 years ago arguing women should not serve in combat.
Wall Street is moving some bets on COVID-19 vaccines to large pharmaceutical companies with robust manufacturing capabilities, signaling that a love affair with small biotech firms might be ending after the sector’s best quarter in almost 20 years.
