Exclusive: U.S. Justice Dept. subpoenas Wall Street banks for small business loans info – sources
The U.S. Justice Department has sent grand jury subpoenas to big banks seeking records as part of a broader investigation into potential abuse of a...
J.C. Penney files for bankruptcy protection
J.C. Penney Co Inc filed for bankruptcy protection on Friday, the latest among traditional brick-and-mortar retailers to crumble as prolonged store closures due to the...
California officials reject subsidies for Musk’s SpaceX over Tesla spat
A California state panel on Friday rejected a request from Elon Musk’s SpaceX for $655,500 in state job and training funds, citing the chief executive’s...
Investors prepare for more U.S. stock swings as states reopen
Investors are bracing for more turbulence in U.S. stocks, as some states prepare to reopen their economies and global trade tensions rise....
U.S. stock market swings higher despite rising U.S.-China tensions; oil up
U.S. stocks gyrated on Friday before ending slightly higher, as investors worried about increased China-U.S. trade hostilities and disappointing retail sales figures, while signs of...
S&P ends higher after gyrations on reopening optimism, weak data, trade woes
The S&P 500 closed higher after swinging between gains and losses on Friday as investors weighed worries about Sino-U.S. trade relations and weaker-than-expected U.S. economic...
S&P 500, Dow edge lower on trade war fears, virus woes
The S&P 500 and the Dow Jones indexes fell on Friday, but were well off their session lows, amid signs of deteriorating Sino-U.S. trade relations...
U.S. moves to cut Huawei off from global chip suppliers as China eyes retaliation
The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment giant Huawei Technologies [HWT.UL], spurring fears of Chinese retaliation and...
SAA has spent $539 million since filing for bankruptcy protection: practitioners
South African Airways (SAA) has spent just under 10 billion rand ($540 million) since it entered a form of bankruptcy protection, business rescue practitioners said...
Coronavirus boosts U.S. layoffs; job openings fall
Layoffs in the United States jumped to a record high in March, while the number of people voluntarily quitting their jobs dropped to a 4-1/2-year...