Posts For May, 2020


Stocks end mostly higher on Trump China comments

The S&P 500 and the Nasdaq rallied Friday after President Trump announced new measures against China that were less severe than feared but the Dow finished lower. Conway G. Gittens reports. Source: US ...


Understanding the Regulatory Terminology of Potential Preventions and Treatments for COVID-19

There are no FDA-approved coronavirus preventions or treatments. Researchers are studying new drugs, and drugs approved for other conditions, as possible preventions or treatments for COVID-19. The language describing possible preventions or treatments ...


Vaccines more relevant than China for investors: CIO

Wealth Enhancement Group’s Jim Cahn says U.S.-China tensions may evolve into a new Cold War. But he tells Reuters’ Fred Katayama that in the short term, investors will be more focused on vaccine ...


Fed's Powell to unemployed: We're here for you

Federal Reserve Chairman Jerome Powell sounded an empathetic tone to the tens of millions of Americans who are out of work, telling them Fed is doing what it can to get them back ...


Canopy Growth shares plummet

Pot producer Canopy Growth’s quarterly loss more than doubled, hit by non-cash charges related to its recent restructuring actions and impairment of some assets. Fred Katayama reports. Source: US news

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Record drop in U.S. consumer spending as Americans stay home

U.S. consumer spending suffered another record decline in April as the COVID-19 pandemic undercut demand, buttressing expectations that the economy could contract in the second quarter at its steepest pace since the Great ...


Total needs to cover $12 bln shortfall due to crisis - CEO

French energy major Total now faces a revenue shortfall of at least $12 billion due to the crash in oil prices, CEO Patrick Pouyanne said on Friday. Ciara Lee reports Source: US news

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Twitter hides Trump tweet for 'glorifying violence'

Twitter hid a tweet from President Donald Trump on Friday, accusing him of breaking its rules by “glorifying violence” in a message that said looters at protests in Minneapolis would be shot. Source: ...


IPO values coffee maker JDE Peet's at $17.3bln

IPOs are rare right now, but coffee maker JDE Peet’s saw its Friday offer snapped up by investors. Julian Satterthwaite reports. Source: US news

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Renault closes site, restructures in bid to slash costs

Renault said on Friday it was launching talks with unions to restructure several French car plants, potentially leading to closures, as it confirmed plans to cut around 15,000 jobs worldwide. Ciara Lee reports ...


Trump blasts twitter fact-check, calls for tougher regulations

President Donald Trump said he will introduce legislation that may scrap or weaken a law that has long protected internet companies, including Twitter and Facebook. Gavino Garay has more. Source: US news

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Stocks erase gains on Trump vs. China worries

Wall Street snapped a winning streak as stocks fell into the close on concern President Trump is prepared to further ratchet up tensions with China. Conway G. Gittens has this wrap of the ...