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.
Thousands of British Airways staff will be sent letters telling them they have lost their jobs on Friday, as the airline pushes ahead with a plan to cut employee numbers by 29% in the face of bitter opposition from unions.
In early trading on Friday, shares of Biogen topped the list of the day's best performing components of the Nasdaq 100 index, trading up 9.0%. Year to date, Biogen registers a 2.0% gain.
Canada's main stock index fell on Friday, weighed down by energy stocks as oil weakened on demand concerns due to a resurgence in coronavirus cases globally, and as U.S. President Donald Trump imposed tariffs on some Canadian aluminum products.
Brazil's Senate approved on Thursday evening a bill to limit interest rates charged on credit card debt and overdraft lines, a move aimed at helping consumers suffering the fallout from the COVID-19 pandemic, but that could weigh on banks' 2020 profit.
In early trading on Friday, shares of Biogen topped the list of the day's best performing components of the S&P 500 index, trading up 10.6%. Year to date, Biogen registers a 3.5% gain.
The spread between long- and short-dated Treasury yields narrowed on Friday morning, a bearish signal, after the Labor Department reported that U.S. jobs growth slowed sharply in July, although less than expected.
The head of the U.S. Postal Service (USPS) on Friday said the agency faces a "dire" financial position even as it posted a slightly narrower third-quarter loss amid soaring package demand during the coronavirus pandemic.
(RTTNews) - Shares of drugmaker Biogen Inc. (BIIB) are rising more than 9% Friday morning after the company said that the FDA has accepted the Biologics License Application (BLA) for aducanumab, the company's drug candidate for Alzheimer's disease.
In early trading on Friday, shares of Home Depot topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.8%. Year to date, Home Depot registers a 25.5% gain.
Footwear retailer Designer Brands (NYSE: DBI) announced today it was shoring up its financial position by replacing an existing cash flow revolving loan with a new asset-backed loan of the same amount. It is also taking out a new term loan to give itself more financial flexibili
COVID-19 sparked an unemployment crisis that the U.S. has been grappling with since March, and will most likely continue to struggle with through the end of the year. In April, the jobless rate hit a record high of 14.7%, and while May and June's numbers were lower (13.3% and 11
Lebanon's creditors are wary of the risk of even steeper losses as a devastating blast in Beirut complicates an already stalled debt restructuring process.
Stocks overcame some morning sluggishness on Thursday and posted another session in the green, which included a new milestone for the NASDAQ.
A big reason for the market’s second-half momentum today was this week’s better-than-expected jobless claims report, which showed
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Duck Creek Technologies, which provides a SaaS platform that streamlines business processes for P&C insurers, announced terms for its IPO on Friday.
The Boston, MA-based company plans to raise $300 million by offering 15 million shares at a price range of $19 to $21. Insiders