U.S. weekly jobless claims grind lower but backlogs, layoffs linger
The number of Americans claiming unemployment benefits rose again last week as backlogs in processing claims continue to be cleared and disruptions from the novel...
S&P 500 flat as investors weigh trade tensions; TJX surges
The S&P 500 index was largely unchanged on Thursday as growing U.S.-China trade tensions and concerns about a rebound from a coronavirus-led economic slump were...
U.S. existing home sales post largest decline in nearly 10 years
U.S. home sales logged their biggest drop in nearly 10 years in April as the novel coronavirus pandemic upended the labor market and broader economy,...
Best Buy sees margin pressure as online demand raises delivery spend
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...
Wall Street dips as trade tensions add to virus woes
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...
Starbucks recoups nearly two-thirds of comparable U.S. sales as stores reopen
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...
BlackRock says all director nominees elected, executive pay approved
BlackRock Inc said on Thursday that all 16 of its director nominees were elected with favorable votes of about 94% at its annual meeting....
TJX says sales recovering after coronavirus 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...
Wall Street set to fall as trade tensions add to virus woes
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...
TJX’s quarterly sales more than halve amid pandemic
TJX Cos Inc’s first-quarter sales more than halved on Thursday, as the off-price retailer’s stores and online operations remained shut for most of the quarter...