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Reuters Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 4 years 21 weeks ago
White House sees red state/blue state divide in post-coronavirus economic recovery
A top White House economic adviser on Friday predicted an "increasing divergence" between states controlled by Republican governors and those led by Democrats, saying Republican "red" states opening up faster will see a stronger economic recovery.
Categories: Business News
BA, easyJet and Ryanair fight British quarantine with legal action
British Airways, easyJet and Ryanair said on Friday they have begun legal action against the British government's quarantine policy in a bid to overturn what they see as overly strict rules.
Categories: Business News
Anti-China group urges Trump administration to block Chinese companies from U.S. markets: document
An anti-China advocacy group that includes former White House adviser Steve Bannon is calling on the Trump administration to exclude Chinese companies from U.S. financial markets, as the White House studies new ways to crack down on China.
Categories: Business News
Oil set to end week lower on coronavirus resurgence fears
Oil prices rose on Friday but were on track for their first weekly fall in seven as new U.S. coronavirus cases spiked, raising the prospect of a second wave hitting demand.
Categories: Business News
New U.S. stock exchange MEMX adds Citigroup as investor
The Members Exchange (MEMX), a new U.S. stock exchange backed by some of Wall Street's biggest firms that is preparing for a Sept. 4 launch, said it received financial backing from Citigroup Inc .
Categories: Business News
Exclusive: Venezuelan shipping magnate faces U.S. sanctions probe - officials
The United States is investigating a Venezuelan shipping magnate for possibly violating U.S. sanctions by bringing fuel to gasoline-short Venezuela, according to two senior Trump administration officials.
Categories: Business News
Wall Street rebounds after biggest pullback since March
Wall Street's main indexes jumped on Friday, recouping about half of the previous session's sharp losses, but were still on track for their worst week in nearly three months on fears of a rise in new coronavirus infections and economic worries.
Categories: Business News
Dick's Sporting Goods resumes paying dividend as stores reopen
Dick's Sporting Goods Inc said on Friday it would resume paying shareholders a quarterly dividend, citing strong early sales at its stores that have reopened amid easing coronavirus-driven restrictions.
Categories: Business News
What rebound? North Dakota in economic crunch as virus batters oil, agriculture
When the novel coronavirus first appeared in the United States, North Dakota was in the envious position of having more money in its state coffers than it had budgeted.
Categories: Business News
U.S. manufacturers struggle to keep workers in face of weak demand
Cheryl Wellman was able to bring back most of her furloughed workers last month with the help of a special government loan.
Categories: Business News
Tesla at $1,000: too much too soon for some analysts
Top Wall Street brokerages Goldman Sachs and Morgan Stanley downgraded their ratings on Tesla Inc saying the electric carmaker's shares were overpriced, two days after the high-flying stock crossed $1,000 per share.
Categories: Business News
Take Five: Pump it up
"Rise and rise again until lambs become lions," runs an oft-quoted line from the 2010 film 'Robin Hood'. The motto is being taken seriously by all those merry men and maidens chasing shares in little-known or even bankrupt firms, using a mobile trading app called Robinhood.
Categories: Business News
Honda resumes production at plants hit by suspected cyber attack
Japan's Honda Motor Co has resumed production at automobile and motorcycle plants in the United States and other countries after they were hit by a suspected cyber attack this week, a spokesman said on Friday.
Categories: Business News
Lufthansa to offer coronavirus testing at German airports
German airline group Lufthansa plans to offer coronavirus tests at airports in Frankfurt and Munich, a spokesman said on Friday.
Categories: Business News
World shares stem losses, oil gains as fresh lockdown fears fade
Global shares pared losses on Friday while oil prices reversed course and edged higher as fears of fresh lockdowns of economies to combat the coronavirus faded.
Categories: Business News
Special Report: How China got shipments of Venezuelan oil despite U.S. sanctions
Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing.
Categories: Business News
Wall St Week Ahead: Investors bet bounce in value stocks will stick
As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally.
Categories: Business News
U.S. lawmakers ask Zoom to clarify China ties after it suspends accounts
Three U.S. lawmakers asked Zoom Video Communications Inc to clarify its data-collection practices and relationship with the Chinese government after the firm said it had suspended user accounts to meet demands from Beijing.
Categories: Business News
Global shares, oil slump as coronavirus fears take hold
A slump in global shares extended to its fourth day running on Friday and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery from lockdowns.
Categories: Business News
Exclusive: Netflix in talks to source Indian content from Reliance affiliate Viacom18 - sources
U.S. video streaming company Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries' media unit Network18, about a multi-year partnership to source content, three sources told Reuters, in a move that would expand a relationship between the two sides.
Categories: Business News
