The S&P 500 and Dow Jones indexes opened higher on Thursday, boosted by Boeing shares as the planemaker resumed production of its 737 MAX jets, but simmering tensions between the United States and China kept investors on edge.
President Trump is expected to sign an executive order, targeting Twitter and Facebook. Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Rick Newman break down the details.
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Oil futures steadied on Thursday as the market awaited confirmation of industry data that showed a surprise increase in U.S. crude stocks, which offset hopes for a demand recovery as coronavirus lockdowns ease.
(Bloomberg) — Donald Trump has been raging against Twitter Inc. since the social media platform that helped vault him to the presidency slapped fact-check links on a pair of his tweets.Now, he’s poised to take action Thursday that could bring a flurry of lawsuits down on Twitter, Facebook Inc. and other technology giants by having the government narrow liability protections that they enjoy for third parties’ posts, according to a draft of an executive order obtained by Bloomberg.“This will be a Big Day for social media and FAIRNESS!” Trump said in a tweet Thursday morning.Twitter slumped to a session low …read more […]
The S&P 500 looked set for a subdued open on Thursday as investors paused for breath after three days of gains and weighed signs of an economic recovery against underlying tensions between the United States and China.
U.S. President Donald Trump is expected to order a review of a law that has long protected Twitter, Facebook and Alphabet’s Google from being responsible for the material posted by their users, according to a draft executive order and a source familiar with the situation.
This year will be the worst for many world stock markets in nearly a decade at least, although a majority of equity strategists polled by Reuters say top indexes will not revisit lows struck this March following an explosive rally since then.
Oil futures fell on Thursday after a surprise increase in U.S. crude stocks offset hopes of demand recovery as coronavirus lockdowns are eased.
The top two U.S. dollar store chains reported better-than-expected quarterly sales and profit on Thursday, benefiting from a surge in demand for affordable groceries and household essentials amid the COVID-19 pandemic.
TikTok’s poaching of Disney’s Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its centre of power away from China at a time of rising global tensions, several people familiar with the plans said.
Nissan Motor Co’s cash situation is “tough” as the coronavirus has sapped car sales, and the automaker must be vigilant in the coming months as a second wave of infections may add to liquidity issues, CEO Makoto Uchida told Reuters on Thursday.
(Bloomberg) — South Korea reported its biggest spike in new coronavirus cases in nearly two months, raising concerns about a second wave of infections. Small clusters also emerged in several locations in Japan in its first week since the emergency was lifted.Cases continued to soar in Brazil and America reached the grim milestone of 100,000 deaths, the most in the world. The U.K.’s coronavirus tracing program was hit by technical problems on the day of its launch, with some health-care workers unable to log-on to the system.Roche’s immune suppressor Actemra will be paired with Gilead’s antiviral remdesivir in a late-stage …read more […]
Stock futures were mixed Thursday morning, mostly holding gains after the S&P 500 pushed to an 11-week high a day earlier. …read more […]
Potential breaches of market rules have spiked since traders began working from home in March, drawing scrutiny from regulators and piling pressure on banks to plug “black holes” in surveillance systems, industry officials say.
LATAM Airlines and Avianca Holdings survived the Great Depression, but just a few weeks of quarantines forced both companies into bankruptcy, marking Latin America as the world’s top spot for airline financial ruin.
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