When to get back into stocks: wealth manager

When to get back into stocks: wealth manager

Stocks will near a bottom when the U.S. is able to slow the spread of the coronavirus pandemic, providing an opportunity to buy into the market, says Ladenburg Thalmann's Jaime Desmond.
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Japan seeks to end Tokyo's state of emergency

Japan seeks to end Tokyo's state of emergency

Japan is expected to lift its state of emergency over Tokyo, as it eyes a fresh stimulus relief package worth nearly $930 billion.
Aston Martin chief to be replaced: Source

Aston Martin chief to be replaced: Source

Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Mercedes-AMG CEO Tobias Moers, according to a source familiar with the matter who spoke with Reuters on Sunday.
Stocks end mixed ahead of partial NYSE reopen

Stocks end mixed ahead of partial NYSE reopen

Wall Street was little changed Friday ahead of a long holiday weekend but investors are looking ahead to next week when the New York Stock Exchange partially reopens. Conway G. Gittens has more.
COVID-19, not China, will drive markets: advisor

COVID-19, not China, will drive markets: advisor

International Assets Advisory's Ed Cofrancesco says the markets will be solely driven by news on the coronavirus. In that context, he tells Reuters' Fred Katayama why he thinks investors should avoid airline stocks but buy oil stocks or funds.
New York chef turns Michelin-starred eatery into charity kitchen

New York chef turns Michelin-starred eatery into charity kitchen

Chef Daniel Humm of Eleven Madison Park has turned his Michelin-starred eatery into a charity kitchen, where his staff prepares 3,000 meals a day for frontline workers and underprivileged New Yorkers. This report produced by Yahaira Jacquez.
Drug touted by Trump as COVID-19 treatment tied to higher death risk

Drug touted by Trump as COVID-19 treatment tied to higher death risk

The malaria drug hydroxychloroquine, which U.S. President Donald Trump says he has been taking and has urged others to use, was tied to increased risk of death in hospitalized COVID-19 patients, according to a large study published in the medical jou
France warns Renault could disappear; Nissan plans job cuts

France warns Renault could disappear; Nissan plans job cuts

Europe's car industry was put on alert for more job losses on Friday as a French minister warned Renault could disappear if it didn't get help soon and a Japanese news report said partner Nissan was considering 20,000 layoffs, with many in Europe. Ci
EasyJet founder loses bid to oust board

EasyJet founder loses bid to oust board

EasyJet founder Stelios Haji-Ioannou has lost a bid to oust the firm's board in the latest twist to a long battle over an Airbus jet order that he believes could bankrupt the firm.
Facebook to adjust pay based on where you live

Facebook to adjust pay based on where you live

The social networking company will require employees who are approved to work remotely to state where they plan to base themselves. At that point, Facebook will adjust their salaries to reflect the local cost of living.
UK borrowing soars to record; retail sales slump

UK borrowing soars to record; retail sales slump

New figures Friday show UK public borrowing soaring to record levels and retail sales slumping.
China ditches GDP target for first time

China ditches GDP target for first time

China will refrain from setting a GDP target citing concerns over the coronavirus and global uncertainty, the country's premier said on Friday. Ciara Lee reports
Facebook to permanently embrace remote work

Facebook to permanently embrace remote work

Facebook Inc will permanently embrace remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg said on Thursday, accelerating the tech sector's geographic diversification away from its home in Silicon Valley. Freddie Joyner has more.
Stocks retreat as U.S.-China tensions rise

Stocks retreat as U.S.-China tensions rise

Stocks were hit with a minor bout of selling Thursday as escalating tensions between the U.S. and China let some air out of a run-up in prices earlier in the week. Conway G. Gittens has the market action.
Partitions, temperature scanners to greet NYC diners

Partitions, temperature scanners to greet NYC diners

Temperature checks at the door, plastic dividers between tables and sanitizer-infused towels will be on the menu at the Brooklyn Chop House in downtown Manhattan when the popular eatery reopens in the post-coronavirus lockdown era. Conway G. Gittens has a look inside the restaurant.
Market may be frothy now: analyst

Market may be frothy now: analyst

Thomson Reuters Stocks Buzz analyst Terence Gabriel says investors should be cautious following the market's sharp rebound. He tells Reuters' Fred Katayama he sees signs of investor complacency that suggest the rally could soon run out of steam.
Baidu weighs leaving the Nasdaq -sources

Baidu weighs leaving the Nasdaq -sources

Chinese search engine giant Baidu is considering delisting from the Nasdaq and moving to an exchange closer to home to boost its valuation amid rising tension between the United States and China over investments, three sources said.
Budget airlines make masks compulsory for passengers

Budget airlines make masks compulsory for passengers

Budget airlines Ryanair and easyJet are making masks compulsory for all passengers, with other changes including an end to on-board food service.
Euro zone slump eased in May but still sharp

Euro zone slump eased in May but still sharp

The devastating impact of the coronavirus on the euro zone economy abated a little this month as some government-imposed lockdown measures were eased. Ciara Lee reports
Manchester United withdraws 2020 forecast as soccer put on hold

Manchester United withdraws 2020 forecast as soccer put on hold

Manchester United haven't played a soccer match for over two months and that effect has now been felt in its third quarter earnings. The English Premier League team reported a drop in core earnings and revenue for a second consecutive quarter and aba
Americans file 2.4 million jobless claims

Americans file 2.4 million jobless claims

The number of Americans claiming unemployment benefits rose again last week as, pointing to another month of staggering job losses in May.
Lufthansa nears bailout; EasyJet gets ready to fly

Lufthansa nears bailout; EasyJet gets ready to fly

Lufthansa looks to be closing in on a $9.9 billion state bailout deal. Meanwhile, EasyJet says it's getting ready to put a few planes back in the air.
AstraZeneca to make billion COVID vaccine doses if tests succeed

AstraZeneca to make billion COVID vaccine doses if tests succeed

AstraZeneca expects to be able to deliver a billion doses of a possible COVID-19 vaccine this year and next if tests are successful, adding on Thursday it should shortly get results of an early stage clinical trial. Ciara Lee reports
Gap ramps up robot workforce for online sales

Gap ramps up robot workforce for online sales

U.S. apparel chain Gap is speeding up its rollout of warehouse robots for assembling online orders so it can limit human contact, the company told Reuters, a sign of more retail automation to come. Lisa Bernhard has more.
Economic hopes propel stocks to multi-month highs

Economic hopes propel stocks to multi-month highs

The Nasdaq closed at a more than three-month high and the S&P rallied to a two-month peak as investors bet the worst of the coronavirus-induced shutdown is over as states reopen. Conway G. Gittens has all the numbers.