Futures retreat as trade tensions add to pandemic woes
U.S. stock index futures fell on Thursday as growing trade tensions with China added to worries about the pace of a recovery from a coronavirus-fueled...
Macy’s warns of up to $1 billion quarterly loss due to lockdowns
Macy’s Inc said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the retailer was forced...
U.S. leveraged loan defaults at six-year high as coronavirus hits businesses
The monthly tally of defaults in the U.S. leveraged loan market has hit a six-year high, data from Fitch Ratings showed, as companies are either...
Trump to visit Ford plant in battleground state Michigan amid tensions with governor
U.S. President Donald Trump travels to the political swing state of Michigan on Thursday to visit a Ford plant amid tension with the state’s Democratic...
Gap rushes in more robots to warehouses to solve virus disruption
U.S. apparel chain Gap Inc is speeding up its rollout of warehouse robots for assembling online orders so it can limit human contact during the...
Traders Beware: U.S. taps new tools to find fraud in volatile commodities market
When the U.S. Department of Justice charged a handful of JP Morgan Chase & Co traders in 2018 and 2019 with alleged commodities futures manipulation,...
Shares lose footing, oil marches on
Equity markets slipped on Thursday on concerns about the long-term impact of the new coronavirus and simmering U.S.-China tensions, though those worries couldn’t stop oil...
Oil at highest since March on lower U.S. inventories, recovering demand
Oil rose on Thursday to its highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts and recovering demand as governments ease restrictions...
Japan to seek extradition of men arrested in U.S. over Ghosn escape
Japan on Thursday said it hoped that the two men arrested in the United States and wanted in Japan on charges related to former Nissan...
Lufthansa closes in on $10 billion state rescue deal
Lufthansa is in advanced talks over a 9 billion euros ($9.9 billion) state bailout that would see Germany take a 20% stake in its flagship...