Wall Street reverses course to end higher after WHO comments
U.S. stocks rebounded late to close higher on Thursday after the World Health Organization (WHO) declared the China coronavirus a global emergency, while earnings painted...
Levi’s shuts half its China stores on coronavirus outbreak, expects financial hit
Levi Strauss & Co has shut about half of its stores in China due to the outbreak of a new coronavirus and will take a...
U.S. farm bankruptcies hit an eight-year high: court data
U.S. farm bankruptcy rates jumped 20% in 2019 – to an eight-year high – as financial woes in the U.S. agricultural economy continued in spite...
Amazon beats holiday-quarter sales estimates, shares up 10%
Amazon.com Inc on Thursday beat analysts’ estimates for fourth-quarter revenue, as its efforts to speed up delivery helped attract more shoppers during the holiday season,...
Pompeo urges EU to exclude ‘high-risk suppliers’ from 5G networks
U.S. Secretary of State Mike Pompeo on Thursday urged the European Union to exclude “high-risk” suppliers from all parts of 5G networks....
CIBC planning layoffs to cut costs
Canadian Imperial Bank of Commerce will lay off employees in the months ahead to cut costs, a memo obtained by Reuters showed....
UBS Europe probed in Italy in asset manager fraud investigation: sources
Italian prosecutors have investigated UBS Europe for possible money laundering and obstructing the work of regulators as part of a fraud inquiry into small asset...
Oil falls to new three-month lows as virus fears grow, OPEC mulls meeting
Oil prices fell more than 2% on Thursday to the lowest in three months on concerns over the potential economic impact of the coronavirus that...
Global stocks, oil tumble on fears virus to hurt China’s economy
Global equity markets tumbled on Thursday as the death toll from China’s coronavirus outbreak hit 170, pummeling oil prices and inverting a closely watched bond...
Zuckerberg pledges Facebook users privacy upgrades after $550 million facial recognition settlement
Facebook Inc has reached a $550 million settlement of claims it collected and stored millions of users’ biometric data without their consent, as Chief Executive...