(Reuters) – The U.S. bank sector has been pummeled this year but investors hunting for bargains there may need deep reserves of patience as banks are particularly sensitive to low interest rates, the uneven economic recovery and the muddy stimulus outlook.FILE PHOTO: A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina […]

Yelp, the local search and review site, said it would post alerts on the pages of businesses where customers or employees have reported incidents of racism, the latest attempt by a U.S. company to introduce a tougher response system to confront discrimination after the police killing of George Floyd in May. The company, which offers […]

When the pandemic forced Dick’s Sporting Goods to close its hundreds of stores in March, the retailer hustled to set up curbside pickup within two days. Its initial attempt, though, was just this side of a children’s lemonade stand. “When you drove up, there was a sign in the window with a phone number, and […]

FILE PHOTO: A fully budded marijuana plant ready for trimming is seen at the Botanacare marijuana store ahead of their grand opening on New Year’s day in Northglenn, Colorado December 31, 2013. REUTERS/Rick Wilking (Reuters) – U.S.-listed shares of major cannabis producers surged on Thursday after Democratic vice president nominee Kamala Harris said the Biden […]

(Reuters) – U.S. stocks climbed on Thursday as comments by U.S. President Donald Trump fueled hopes of fresh fiscal aid, while data underscored the view that the labor market recovery was struggling to gain momentum.FILE PHOTO: A worker cleans the floor of the New York Stock Exchange (NYSE) , U.S., March 20, 2020. REUTERS/Lucas Jackson/File […]

FILE PHOTO: A Warner Bros. Entertainment Inc. logo is pictured at one of the studio’s gates in Burbank, California, U.S., July 5, 2017. REUTERS/Mario Anzuoni(Reuters) – AT&T Inc’s T.N WarnerMedia is preparing a restructuring that aims to cut costs by as much as 20% and would result in layoffs, the Wall Street Journal reported on […]

(Reuters) – Wall Street’s main indexes rose to a one-month high on Thursday as comments by U.S. President Donald Trump raised hopes of fresh fiscal aid, while data showed a recovery in the labor market struggled to gain momentum.FILE PHOTO: A worker cleans the floor of the New York Stock Exchange (NYSE) , U.S., March […]

House Speaker Nancy Pelosi said Thursday she would not agree to a standalone bill to assist the airline industry without a broader relief package that addresses public health, unemployment, and aid for state and local governments. Why it matters: Despite Trump formally ending bipartisan negotiations for stimulus legislation via tweet on Tuesday, the president and […]

Want this delivered to your inbox each day? Sign up here. Dan Loeb wants Disney to bet big on streaming It isn’t often that an activist investor wants a company to spend more money on itself and less on shareholder payouts. But that’s precisely what the hedge fund billionaire Dan Loeb is pushing Walt Disney […]

On April 20, something occurred that was unprecedented in the history of financial markets: The price of oil went negative. It wasn’t the case that the cost of a barrel had fallen to some scary-low number. It actually went below zero, meaning there were traders out there who would pay you to own oil. It […]