U.S. stock indexes eyed a weaker open on Thursday as growing Sino-U.S. tensions and weak retail earnings added to worries about the pace of a recovery from a coronavirus-fueled economic slump.
TJX Cos Inc reported very strong sales at stores it has so far reopened post-coronavirus lockdowns, offering hope of a swift recovery after a first-quarter loss due to closures and a resulting 50% fall in sales.
Millions more Americans filed for unemployment benefits last week as backlogs continue to be cleared and disruptions from the novel coronavirus unleash a second wave of layoffs, pointing to another month of staggering job losses in May.
Chinese search engine giant Baidu Inc is considering delisting from the U.S. Nasdaq and moving to an exchange closer to home to boost its valuation amid rising tension between the United States and China over investments, three sources said.
Best Buy Co Inc said on Thursday it expects profit margins to be under pressure in the second quarter, as it spends more on expanding delivery services to support a surge in online shopping from people staying at home due to the COVID-19 pandemic.
The U.S. continued its cautious reemergence from a coronavirus-linked shutdown over the past week, with measures of retail foot traffic slowly increasing but broader indexes of economic activity still stalled.
Amazon.com Inc is scheduling its annual Prime Day shopping promotion for September and allowing unlimited shipments of non-essential goods to warehouses, the Wall Street Journal reported, citing people familiar with the matter.
U.S. stock indexes edged lower at the open on Thursday as growing Sino-U.S. tensions and mixed retail earnings added to worries about the pace of a recovery from a coronavirus-fueled economic slump.
Starbucks Corp said on Thursday it had regained nearly two-thirds of its comparable U.S. store sales from the prior year, as it reopened stores and modified operations due to the coronavirus-related restrictions.
For anyone in the 65-and-older crowd who is now unemployed and lost their workplace insurance (or had coverage through a now-unemployed spouse), it's time to make sure you have Medicare coverage.
BlackRock Inc said on Thursday that all 16 of its director nominees were elected with favorable votes of about 94% at its annual meeting.
Between juggling work and home life, Zoom calls instead of in-person meetings and possibly having to home-school kids while also parenting them, it's no wonder many Americans are exhausted.
Millions more Americans filed for unemployment benefits last week as backlogs in processing claims continue to be cleared and disruptions from the novel coronavirus unleash a second wave of layoffs, pointing to another month of staggering job losses in May.
Unemployment payments jumped to at least $16.2 billion in April, up more than five-fold from February, as layoffs attributed to the coronavirus pandemic swept through the economy.
BlackRock Inc said all of its 16 director nominees received strong investor support at its annual meeting on Thursday, at which Chief Executive Laurence Fink defended the size of the company's large board.