NEW YORK (Reuters) – The dollar bounced off two-year lows and a gauge of global equity markets halted its march toward a record high on Friday, as better-than-expected U.S. jobs growth in July was tempered by the wrangles in Washington…
Read MoreSlowing job growth weighs on Wall St. as focus turns to stimulus
(Reuters) – Wall Street’s main indexes fell on Friday as data showed a sharp slowdown in U.S. employment growth, with investors now looking for signs of another fiscal stimulus bill to revive the economy from a pandemic-driven recession. With the…
Read MoreDelta asks 3,000 flight attendants to take unpaid leave: CNBC
(Reuters) – Delta Air Lines Inc (DAL.N) will need at least 3,000 of its roughly 20,000 flight attendants to take unpaid leave of four to 12 months, or consider other options, to avoid involuntary furloughs due to weak air travel, CNBC…
Read MoreCanada to impose retaliatory tariffs on U.S. goods, hopes for resolution
OTTAWA (Reuters) – Canada will slap retaliatory tariffs on C$3.6 billion ($2.7 billion) worth of U.S. aluminum products after the United States said it would impose punitive measures on Canadian aluminum imports, a senior official said on Friday. Deputy Prime…
Read MoreWall St. dips on slowing job growth, U.S.-China tensions
(Reuters) – The S&P 500 pulled back from near six-month highs on Friday as data showed a sharp slowdown in U.S. employment growth and President Donald Trump cranked up friction with Beijing with moves to ban WeChat and TikTok. The…
Read MoreU.S. job growth slows sharply in July
WASHINGTON (Reuters) – U.S. employment growth slowed considerably in July amid a resurgence in new COVID-19 infections, offering the clearest evidence yet that the economy’s recovery from the recession caused by the pandemic was faltering. Nonfarm payrolls increased by 1.763…
Read MoreFacebook’s Mark Zuckerberg is now worth $100bn
Mark Zuckerberg has seen his personal wealth hit $100bn (£76bn), 16 years after he co-founded Facebook from his university dorm room. He joins Amazon’s Jeff Bezos and Microsoft’s Bill Gates in the “Centibillionaire Club”. The latest boost to Zuckerberg’s wealth…
Read MoreSino-U.S. tensions hit futures ahead of jobs report
(Reuters) – U.S. stock index futures fell on Friday as President Donald Trump’s moves to ban WeChat and TikTok intensified tensions with Beijing, while investors also braced for data likely to show a sharp slowdown in jobs growth in July….
Read MoreGoldman Sachs cuts quarterly earnings citing legal provisions
NEW YORK (Reuters) – Goldman Sachs Group Inc on Friday lowered its previously stated quarterly earnings as the bank set aside more money to pay for its settlement with the Malaysian government over the multi-billion 1MDB scandal. Goldman Sachs Group…
Read MoreCompanies that retrench workers have to ensure proportion of local staff not eroded: SBF
SINGAPORE – Employers that retrench workers as a last resort should ensure that the proportion of local staff in the companies are not eroded, said Singapore’s apex business federation. However, this has to be done in a fair and transparent…
Read More