Stimulus will boost value stocks: advisor
Value stocks have long underperformed growth stocks, but Mercadien Asset Management's Ken Kamen tells Reuters' Fred Katayama it's time to consider buying hard hit financial and energy stocks......»»
Employers wary of "immunity" tests for workers
U.S. employers have cooled to the idea of testing workers for possible immunity to the coronavirus as they prepare to reopen factories and other workplaces......»»
For one CA business, coronavirus both a boost and burden
A California produce packaging supplier is experiencing the boom and burden of the novel coronavirus,with a huge increase in sales as well as expenses to keep the workplace safe. Jillian Kitchener has more......»»
U.S. moves to cut off Huawei from chip suppliers
The Trump administration moved Friday to block shipments of semiconductors to Huawei Technologies from global chipmakers. As Fred Katayama reports, the action is sure to ramp up tensions with China......»»
Fitness equipment sellers shift to home gyms
As coronavirus stay-at-home orders have shut gyms, their customers are turning to home workouts to keep in shape during the pandemic......»»
Retail sales drop record 16.4% in April
U.S. retail.....»»
Cartier-maker Richemont gloomy about next three years
Cartier maker Richemont reported a 67% fall in annual profit on Friday and said the impact of the coronavirus could last up to three years despite signs of recovery in China. Ciara Lee reports.....»»
As euro zone growth plunges, Germany looks least awful
Germany seems to be weathering the economic storm better than most of the euro zone, but GDP figures everywhere in the region make grim reading. Julian Satterthwaite reports......»»
Taiwan"s TSMC to build Arizona chip plant
Taiwa.....»»
Chinese factories fire up again, but shoppers stay home
Chinese industrial production rose in April, marking its first gain this year. But the service sector remains a worry, with shoppers choosing to stay home. Julian Satterthwaite reports......»»
Cathay Pacific loses money, flags "very bleak" outlook
Cathay Pacific Airways said on Friday it made an unaudited loss of HK$4.5 billion ($580.53 million) at its full-service airlines during January-April and flagged a "very bleak" outlook......»»
The Dow snaps losing streak; NYSE to re-open
Stocks ended a volatile session firmly in the green and the iconic New York Stock Exchange announced it plans to reopen immediately after the Memorial Day holiday. Conway G. Gittens has the details......»»
Market adopts cautious stance: strategist
National Securities' Art Hogan says investors have become cautious following a strong market rebound. He says the S&P 500 is currently a bit overvalued......»»
Uber, Grubhub deal talks fan fears over fees
The possibility that Uber Technologies could acquire Grubhub is reigniting some restaurants' worries over the commissions charged by the third-party delivery companies. Fred Katayama reports......»»
Delta wrestles with too many pilots, too many planes
Delta Air Lines expects to have 7,000 more pilots than it needs in the fall as the coronavirus pandemic weighs on its operations, according to a memo to flight operations employees seen by Reuters. Conway G. Gittens has the details......»»
France unveils 18 bln euro boost for tourism sector
With 95% of its hotels shut, France has unveiled an 18 billion euro boost for its tourism sector, including continued support for furloughed workers. Julian Satterthwaite reports......»»
France says equal access to any Sanofi virus vaccine is non-negotiable
France on Thursday said equal access to any coronavirus vaccine developed by Sanofi was non-negotiable and that no country such as the United States should have priority for financial reasons. Ciara Lee reports.....»»
Nearly 3 million file weekly jobless claims, above estimates
Almost 3 million workers in the U.S. filed for state unemployment benefits last week. That marked the sixth straight weekly decline, But as Fred Katayama reports, claims remain astoundingly high......»»
Stocks drop as virus recovery looks distant
Stock markets fell and bonds were in demand on Thursday as worries grew about a second wave of coronavirus infections......»»
Temperature checks, masks the new normal for air travel
As temperature checks and face masks become the new normal for airports around the world, Dubai Airport CEO Paul Griffiths warns that the new distancing measures may have a long-lasting impact on air travel -- and potentially even its prices......»»