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Wall Street rallied broadly Wednesday with the Nasdaq approaching record highs as signs of an economic recovery from mandated shutdowns helped investors look beyond U.S. social unrest and pandemic worries.
Snap said it would no longer promote U.S. President Donald Trump's account in Snapchat's Discover section, saying his inflammatory comments last week made the account ineligible for the curated section where users explore new content. This report pro
Piper Sandler senior technical analyst Craig Johnson says investors' fear of missing out on the rally are driving the markets up. He tells Reuters' Fred Katayama technical indicators suggest the markets will march higher.
President Donald Trump's administration will bar Chinese airline companies from flying to the United States effective June 16 in the latest tit-for-tat spat between Washington and Beijing. Conway G. Gittens has the details.
AMC Entertainment Holdings Inc said on Wednesday there were "substantial doubts" about its ability to continue operating, if the company was forced to keep its theaters closed for a longer period because of the COVID-19 pandemic. Freddie Joyner has more.
Coty is in talks with reality TV star Kim Kardashian West over a potential collaboration for a beauty line, the cosmetics maker disclosed in a regulatory filing on Wednesday. Fred Katayama has more.
Some Moscow businesses reopened their doors on Wednesday (June 3) as Russia partially lifted coronavirus quarantine restrictions, allowing some non-food stores to open.
Shares of high-end retailer Tiffany fell for a second day after a report in fashion publication WWD suggested French luxury goods group LVMH was less certain about its $16.2 billion deal. Conway G. Gittens has more.
Lufthansa vowed to step up restructuring measures after posting a first-quarter net loss of 2.1 billion euros ($2.35 billion), days after agreeing a state bailout amid the fallout from the coronavirus pandemic.
A late-session rally pushed Wall Street to solid gains Tuesday as investors looked past widespread social unrest and pandemic worries to focus instead on easing lockdown restrictions and signs of economic recovery.
DataTrek Research's Nick Colas says corporate earnings should help further lift stocks in 2020. He tells Reuters' Fred Katayama the protests won't hold the market back, noting that the S&P 500 rose 11% amid the social unrest in 1968.
Southwest Airlines has expanded buyout and temporary leave incentives in order to reduce labor costs and avoid first-ever layoffs with the airline industry set for a slow rebound. Conway G.
Gilead Sciences is developing easier-to-administer versions of its antiviral treatment remdesivir for COVID-19 that could be used outside of hospitals, including ones that can be inhaled.
Chains like Starbucks and Pret A Manger face a challenge figuring out how to keep staff and customers safe, while also making a profit. Julian Satterthwaite reports
A mountain of apparel stock has been piling up in stores, distribution centers, warehouses and even shipping containers during months of COVID-19 lockdowns. As retailers reopen around the world, they have to work out how to get rid of it. Ciara Lee r
Facebook and Snapchat became the latest U.S. companies condemning racial inequality in the United States as violent protests flared up across major cities over the death of George Floyd, an unarmed black man who died while in police custody in Minnea
U.S. stocks posted gains Monday as signs of U.S. economic recovery helped offset jitters over increasingly violent social unrest amid an ongoing pandemic and rising U.S.-China tensions.
Facebook employees critical of CEO Mark Zuckerberg's decision not to act on President Donald Trump's inflammatory comments about U.S. protests went public on Twitter, praising the rival social media company for acting, and rebuking their own employer