The U.S. economy likely lost a staggering 22 million jobs in April, in what would be the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.
(RTTNews) - Indian shares opened on an upbeat note Friday, tracking Wall Street gains as a
clutch of upbeat earnings reports led by PayPal helped investors shrug off weak jobless claims data.
China's Kingsoft Cloud Holdings Ltd raised $510 million in its U.S initial public offering after pricing its shares at $17 each, according to two sources with direct knowledge of the matter.
Asian shares rose on Friday as investors focused on talks between U.S. and Chinese trade officials and solid corporate earnings rather than the looming release of data expected to show the worst U.S. unemployment rate in more than 70 years.
There is little chance the U.S. Federal Reserve will take interest rates into negative territory even as financial markets have begun pricing in such a move for the first time, fund managers and economists said on the Reuters Global Markets Forum.
(RTTNews) - The Japanese stock market is rising on Friday following the overnight gains on Wall Street on upbeat corporate earnings results and continued optimism about easing COVID-19 restrictions. Investors shrugged off data that showed Japan's services sector continued to con