Business

NEW YORK (Reuters) – The S&P 500 zig-zagged on both sides of unchanged on Friday as investors weighed worries about Sino-U.S. trade relations and weaker-than-expected retail sales data against optimism over the reopening of the U.S. economy after coronavirus lockdowns. FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of

FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia’s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray/File Photo (Reuters) – Australia’s Westpac Banking Corp (WBC.AX) said in a defence filing in Federal Court on Friday it was admitting to a

FILE PHOTO: Fireworks go off around Cinderella’s castle during the grand opening ceremony for Walt Disney World’s new Fantasyland in Lake Buena Vista, Florida December 6, 2012. REUTERS/Scott Audette LOS ANGELES (Reuters) – Walt Disney Co (DIS.N) and unions representing workers at Florida’s Walt Disney World have reached an agreement on safeguards to protect employees

NEW YORK (Reuters) – The Federal Reserve’s pledged support for exchange-traded funds may not end up costing the central bank much, but will still have the desired effect of keeping the credit market afloat. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis As part

WASHINGTON (Reuters) – The head of the Federal Reserve warned on Wednesday of an “extended period” of weak economic growth, vowed to use the U.S. central bank’s power as needed, and called for additional fiscal spending to stem the fallout from the coronavirus pandemic. FILE PHOTO: U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the

FILE PHOTO: Sony Corp’s logo is seen at its news conference in Tokyo, Japan November 1, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Japan’s Sony Corp (6758.T) on Wednesday reported a 57% drop in fourth-quarter operating profit and refrained from providing an outlook for the current year due to uncertainty related to the coronavirus outbreak. The

New York (Reuters) – The S&P 500 dipped in choppy trading on Tuesday as the top U.S. infectious disease expert warned Congress that a premature opening of the nation’s economy could lead to additional outbreaks of the novel coronavirus. FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower

TOKYO (Reuters) – Toyota Motor Corp (7203.T) said on Tuesday it expects to post its lowest annual operating profit in nine years as the automaker grapples with the impact of the novel coronavirus, which has sapped global demand for cars. FILE PHOTO: A logo of Toyota is pictured at Bangkok Auto Salon 2019 in Bangkok,

TOKYO (Reuters) – Toyota Motor Corp plans to slash production in North America by nearly a third through October due to the coronavirus crisis and expects it will take some time for output to return to normal, a person familiar with the matter said. FILE PHOTO: A man walks past a Toyota logo at the

SYDNEY (Reuters) – Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick up in new coronavirus cases. FILE PHOTO: Pedestrians wearing face masks walk near an overpass with an electronic board showing stock information, following an outbreak of the

DUBAI (Reuters) – Saudi Aramco is looking to restructure its deal to acquire a controlling stake in petrochemicals maker SABIC after a more than 40% drop in SABIC’s value following a slump in oil prices in coronavirus pandemic, two sources told Reuters. FILE PHOTO: Saudi Aramco logo is pictured at the oil facility in Abqaiq,

FILE PHOTO: Tesla Inc CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo (Reuters) – Tesla Inc’s (TSLA.O) chief executive Elon Musk tweeted on Saturday that Tesla will move its headquarters and future programs to Texas or Nevada from California immediately.

SAN FRANCISCO (Reuters) – As many parts of the world’s biggest economy begin to reopen after weeks of stay-at-home orders that slowed the spread of the coronavirus but gutted jobs, Americans should not expect a quick return to growth, U.S. Federal Reserve officials said on Friday. FILE PHOTO: The Federal Reserve Board building on Constitution

(Reuters) – Major U.S. stock indexes jumped on Friday and logged solid gains for the week after data on historic job losses due to the coronavirus crisis showed they were slightly fewer than feared. FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of

WASHINGTON (Reuters) – 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. FILE PHOTO: People who lost their jobs wait in line

AUBURN, Wash. (Reuters) – When Tina Yates pulled her truck up to a mall in western Washington state on Thursday, workers waved her past hundreds of cars waiting to pick up free russet potatoes. People queue for handouts of excess potatoes, that would otherwise go to waste due to coronavirus-related supply chain blockages, in an