NEW YORK (Reuters) – Upbeat readings on U.S. business activity and home sales help push global equities and the dollar higher on Friday, counteracting earlier stock declines in Europe. The dollar’s gain put it on track to break an eight-week losing streak. Even as new COVID-19 cases remain stubbornly high across the United States, data […]

Former Formula One champions Williams have been bought by US-based investment firm Dorilton Capital in a deal that marked the end of an era for the struggling family-owned team. They will continue to race under the Williams name and remain at their base at Grove in Oxfordshire. The sale of Williams Racing was supported unanimously […]

NEW YORK/LOS ANGELES (Reuters) – The coronavirus pandemic is upending the way U.S. consumers shop and the holidays will be no exception as major retailers and shippers roll out their earliest-ever shopping season. Target (TGT.N), Best Buy (BBY.N) and Kohl’s (KSS.N) have moved winter holiday promotions up to as early as October. They also joined […]

SAN FRANCISCO (Reuters) – In a shift that some experts believe exacerbates already deep inequalities in the U.S. economy, more Americans than ever are working from home, and many are likely to continue to do so even after the health threat from COVID-19 has abated. With cases of the virus still on the rise, about […]

(Reuters) – Shares of Tesla Inc (TSLA.O) surged past the $2,000 mark on Thursday for the first time as the electric car maker extended its recent rally ahead of an upcoming share split. The company’s stock closed at a record high $2,001.83, up 6.6% for the day. With many investors betting Tesla will be added […]

WASHINGTON (Reuters) – Facebook (FB.O) confirmed chief executive Mark Zuckerberg was interviewed earlier this week at a Federal Trade Commission (FTC) investigative hearing. Politico reported the interview earlier on Thursday. “We are committed to cooperating with the US Federal Trade Commission’s inquiry and answering the questions the agency may have,” the social media company said […]

(Reuters) – The number of Americans filing a new claim for unemployment benefits rose unexpectedly back above the 1 million mark last week, a setback for a struggling U.S. job market crippled by the coronavirus pandemic. Still, in a sign some rehiring is underway, the rolls of those continuing to receive jobless benefits is slowly […]

WASHINGTON — The number of laid-off workers seeking U.S. unemployment benefits rose to 1.1 million last week after two weeks of declines, evidence that many employers are still slashing jobs as the coronavirus bedevils the U.S. economy. The latest figures suggest that more than five months after the viral outbreak erupted the economy is still […]

VIENNA (Reuters) – The management board of Lufthansa (LHAG.DE) unit Austrian Airlines said on Wednesday they would hand back their recent bonuses after Austria’s finance minister said the payments were “unacceptable” for a company that is being bailed out. Austria’s conservative-led government agreed in June to pay the airline 450 million euros ($537 million) in […]

SYDNEY (Reuters) – A gauge of Asian shares eased on Wednesday led by losses in Chinese and Hong Kong stocks, though it was still near a seven-month peak, driven by ever expanding policy stimulus aimed at cushioning the blow from the coronavirus pandemic. In an indication of positive start for Europe, futures for Eurostoxx 50 […]