Wall St. climbs 1% as historic job losses fewer than feared
Major U.S. stock indexes climbed on Friday and were on track to log solid gains for the week after data showing historic job losses from...
Wirecard revamps management board amid probes
Wirecard Chief Executive Markus Braun apologised to shareholders on Friday as the company announced a reshuffle of its management board and appointed a new compliance...
Still hiring! Walmart, other superstores buck U.S. employment trend
Amid the carnage of the U.S. employment report for April was one bright spot: superstores led by Walmart Inc , the world’s largest retailer, added...
Stocks hit weekly highs as markets shrug off dismal U.S. jobs data
Global share markets rallied on Friday, hitting weekly highs, and oil prices gained as more governments around the world began gradually reopening their economies and...
Wall Street weekahead: U.S. data deluge to underscore divide between roaring market, plunging economy
A week packed with U.S. economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit...
Wall Street rises on better-than-feared jobs report, easing Sino-U.S. tension
U.S. stock markets gained on Friday after data showed the economy lost fewer jobs in April than feared due to the coronavirus crisis, adding to...
Exclusive: J.C. Penney to file for bankruptcy as soon as next week, sources say
J.C. Penney Co Inc is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter of...
Explainer: Why 14.7% unemployment rate doesn’t capture the true state of the coronavirus economy
The U.S. economy shed 20.5 million jobs in April, and the unemployment rate rose to 14.7%, a government report Friday showed....
U.S. labor market shatters post World War 2 records as coronavirus lockdowns bite
The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet...
Wall Street gains on easing U.S.-China tensions, jobs report
U.S. stocks jumped at the open on Friday as an easing in U.S.-China friction added to optimism from data showing the U.S. economy lost fewer...