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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

US STOCKS-Wall Street climbs on healthcare, tech push

Thu, 2020-05-28 09:18
* Indexes up: Dow 0.70%, S&P 0.92%, Nasdaq 1.03% (Updates to early afternoon)
Categories: Business News

WRAPUP 4-U.S. weekly jobless claims drop, but economic recovery still elusive

Thu, 2020-05-28 08:59
The number of Americans seeking jobless benefits fell for an eighth straight week last week, likely as some people returned to work, but claims remained at astonishingly high levels, suggesting it could take the economy a while to rebound as businesses reopen.
Categories: Business News

China backs away from U.S. chicken during COVID-19 recovery -Sanderson Farms

Thu, 2020-05-28 08:52
China will be out of the market for U.S. chicken in June as it recovers from the coronavirus pandemic, in a reversal from a recent surge of imports, the president of American poultry company Sanderson Farms Inc said on Thursday.
Categories: Business News

Google says use existing EU laws, not new ones to govern AI

Thu, 2020-05-28 08:51
Google has called on the European Union to use current EU laws to govern the use of artificial intelligence rather than draft new ones and cautioned against a one size fits all regulatory framework because of AI's diverse applications.
Categories: Business News

MEDIA-UPS adds peak delivery surcharge to manage e-commerce demand amid coronavirus - WSJ

Thu, 2020-05-28 08:49
-- Note: Reuters has not verified this story and does not vouch for its accuracy
Categories: Business News

UPDATE 2-European stocks rise for fourth day on healthcare bounce

Thu, 2020-05-28 08:43
* Markets ignore U.S.-China tensions for now (Updates to market close)
Categories: Business News

IMF sees reversal in capital flows out of emerging markets

Thu, 2020-05-28 07:03
The International Monetary Fund on Thursday said it estimates that emerging market economies have raised some $77 billion in debt in April and May, partially reversing massive capital outflows of $100 billion seen after the coronavirus outbreak.
Categories: Business News

UPDATE 2-Trump executive order takes aim at social media firms -draft

Thu, 2020-05-28 07:02
U.S. President Donald Trump is expected to order a review of a law that has long protected internet companies, including Twitter and Facebook , an extraordinary attempt to intervene in the media that experts said was unlikely to survive legal scrutiny.
Categories: Business News

EMERGING MARKETS-Brazil's real breaks 6-session winning streak; Latam stocks fall

Thu, 2020-05-28 07:01
Latin American stocks slid on Thursday amid escalating U.S.-China tensions, while surging unemployment in Brazil led the country's currency to break a six-session winning streak. Brazil's real slid 1% after gaining about 7.5% against the dollar over the last six sessions. Data on Thursday showed Brazil's unemployment rate rose to 12.6% in the three months to April, up 5.2% from the previous three-month period, underlining the impact of the coro
Categories: Business News

Pfizer ties up with glass maker Corning for vial supply

Thu, 2020-05-28 06:56
U.S. drugmaker Pfizer Inc has signed a long-term agreement with glass maker Corning Inc to procure vials for storing drugs, the companies said on Thursday.
Categories: Business News

CORRECTED-Gum, mints and snack bar sales slump, as U.S. consumers order online amid COVID-19 crisis

Thu, 2020-05-28 06:51
Impulse purchases - gum, mints and snack bars tossed into a shopping basket as one snakes through the supermarket checkout line - are falling as more people get groceries delivered or pick them up curbside.
Categories: Business News

CANADA STOCKS-TSX treads water as rising U.S.-China tensions offset recovery hopes

Thu, 2020-05-28 06:48
Canada's main stock index struggled for direction on Thursday as investors weighed a slide in energy stocks and rising U.S.-China trade tensions against hopes of an economy recovery as countries reopened more businesses.
Categories: Business News

General Electric CEO warns of negative cash flow in 2020

Thu, 2020-05-28 06:47
General Electric Co on Thursday warned 2020 free cash flow would be negative as it struggles with weakness in its aviation and power units due to the coronavirus outbreak.
Categories: Business News

UPDATE 1-CEE MARKETS-Polish zloty changes course after surprise rate cut

Thu, 2020-05-28 06:38
The Polish zloty changed course on Thursday, trading down before paring its losses after the Polish central bank surprised markets with a third rate cut since the start of the coronavirus pandemic, sending bank stocks and bond yields tumbling. The central bank cut its key interest rate by 40 basis points to 0.1%, meaning it has cut the cost of borrowing by 140 basis points since the virus reached Poland in Ma
Categories: Business News

CORRECTED-Japanese automakers' April sales halved

Thu, 2020-05-28 06:32
Global auto sales for Japanese carmakers halved in April as the coronavirus pandemic forced governments to impose lockdowns that left streets empty and showrooms deserted.
Categories: Business News

China's Geely Automobile launches share placement of up to $859 mln

Thu, 2020-05-28 06:32
China's Geely Automobile Holdings Ltd has launched an$836 million-$859 million placement of 600 million new shares, according to a term sheet seen by Reuters.
Categories: Business News

UPDATE 5-Nissan plans big cuts to go small after first loss in 11 years

Thu, 2020-05-28 06:27
* GRAPHIC-Nissan's fight for survival: https://reut.rs/2USzcFy
Categories: Business News

WRAPUP 3-U.S. weekly jobless claims still elevated; core capital goods orders fall

Thu, 2020-05-28 06:25
The number of Americans filing for unemployment benefits held above 2 million last week for a 10th straight week amid job cuts by U.S. state and local governments whose budgets have been decimated fighting the COVID-19 pandemic and more second-wave layoffs in the private sector.
Categories: Business News

If Trump kicks out Twitter, there's always Germany

Thu, 2020-05-28 06:16
If U.S. President Donald Trump goes ahead with his threat to close Twitter, the micro-blogging site can always relocate to Germany.
Categories: Business News

REFILE-DoorDash to create websites for restaurants' online food ordering

Thu, 2020-05-28 06:16
Food delivery company DoorDash will announce on Thursday a service to help restaurants build their own websites for online ordering so they do not have to pay marketing commissions to the platform itself. Restaurants will also not have to pay most fees for the new DoorDash Storefront service through the end of the year, providing some relief to a ravaged industry as it starts reopening in some areas, DoorDash's Chief Operating Officer Christopher Payne told Reuters e
Categories: Business News

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