Markets

Wall Street's main indexes opened higher on Thursday, shrugging off data which showed another sharp contraction in the U.S. economy and a rise in weekly jobless claims.

SAP says it is ready to lead customers into a cloud-based future, but the business software group may need all its powers of persuasion to convince its 400,000-strong client base to launch a major overhaul of systems in a pandemic.

Lowe's Cos Inc said on Thursday it would pay employees about US$80 million in additional discretionary bonuses and also plans to hire more than 50,000 workers across its U.S. stores in the spring.

Lowe's Cos Inc said on Thursday it would pay employees about US$80 million in additional discretionary bonuses and also plans to hire more than 50,000 workers across its U.S. stores in the spring.

McDonald's Corp missed Wall Street estimates for quarterly profit and revenue on Thursday as a second round of pandemic lockdowns in parts of Europe hurt its business and countered the hamburger chain's sales growth in the U.S. market.

BRUSSELS: Many of the "green" claims on companies' websites are exaggerated, false and potentially illegal, according to a study of online shops and traders by the European Union and national consumer protection authorities. As consumers demand more sustainable goods, the number of ...

Losses from cryptocurrency theft, hacks, and fraud fell 57per cent last year to US$1.9 billion, as market participants boosted security systems, but crime in the 'decentralized finance' space continued to grow, a report from crypto intelligence company CipherTrace showed.

REUTERS: Deciding its first cases, Facebook Inc's oversight board ruled on Thursday that the social media company was wrong to remove four of five pieces of content the board reviewed, including posts Facebook took down for violating rules on hate speech and harmful COVID-19 misinformation ...

KKR & Co Inc aims to attract at least US$15 billion for its flagship North America private equity fund, which would make it the second largest amount raised for a fund managed by the U.S. firm, people familiar with the matter said on Thursday. Buyout firms are seeking to...

LONDON: Short-sellers are sitting on estimated losses of US$70.87 billion from their short positions in U.S. companies so far this year, data from financial data analytics firm Ortex showed on Thursday. The hefty losses come as shares of highly-shorted GameStop jumped more than 1,000per cent ...