Wall Street jumps, Nasdaq set for record closing high after surprise jobs report
Wall Street surged on Friday, and the Nasdaq was on course to set a new record closing high after the May jobs provided an astounding...
Bonds falter as blazing stock rally lures investors
Improving U.S. economic data is pushing investors out of U.S. government bonds at the fastest pace in months, the latest sign that risk appetite is...
Chevron oil cargo tangled in U.S. sanctions on Venezuela
A Chevron Corp crude oil cargo has become embroiled in U.S. sanctions on shipping companies for violating restrictions on doing business with Venezuela, the company...
United Airlines closing three international bases for flight crew
United Airlines Holdings Inc is closing its international bases for flight attendants in Frankfurt, Hong Kong, and Tokyo effective Oct. 1, 2020, according to an...
Nasdaq hits record high as U.S. economy shows signs of rebound
The Nasdaq Composite on Friday became the first of the three major U.S. stock indexes to bounce back to a record high, recovering from a stunning...
Explainer: May’s jobs report stunner: real deal or head fake?
The U.S. economy unexpectedly added jobs in May, surprising economists and analysts who had forecast millions more losing their livelihoods, and raising hopes of a...
Airbus jetliner deliveries recover some ground in May
Airbus deliveries partially recovered ground in May compared with the previous month, but remained well below normal levels after falling dramatically due to the coronavirus...
UBS and Bank of America units clear ECB stress test
An asset quality review and a stress test on subsidiaries of UBS and Bank of America revealed no capital shortfall, the European Central Bank said...
Nasdaq closes in on record high after surprise jobs report
A stunning U.S. jobs report on Friday put the Nasdaq within striking distance of its record high as investors flocked back to riskier assets on...
LVMH refrains from renegotiating Tiffany deal, sources say
French luxury goods giant is not asking to renegotiate its $16.2-billion acquisition of U.S. jewelry chain Tiffany & Co after deliberating whether to do so,...