Business

SEOUL (Reuters) – Samsung Electronics Co Ltd said on Wednesday it expected profit to decline in the current quarter due to a coronavirus-related slump in sales of smartphones and TVs, although the chip business would remain solid. FILE PHOTO: People wears masks in front a Samsung Store at a main shopping area as the country

The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. REUTERS/Jeenah Moon (Reuters) – U.S. stock markets jumped at the open on Tuesday on another round of upbeat quarterly earnings reports, even as investors

FILE PHOTO: The corporate logo of Ford is seen at Brussels Motor Show, Belgium January 9, 2020. REUTERS/Francois Lenoir (Reuters) – General Motors Co (GM.N), Ford Motor Co (F.N) and Fiat Chrysler Automobiles NV (FCAU.N) are targeting May 18 to resume some production at their U.S. factories after shutting down plants in March due to

(Reuters) – Wall Street was set to rise at the open on Monday as more states prepared to lift coronavirus-induced curbs and Boeing gained after pulling out of a deal to buy Embraer’s commercial jets division. The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of

(Reuters) – Investors are pinning their hopes for the reopening of the U.S. economy on the potential for wider availability of testing for COVID-19 cases and on drug trials for treatments of the deadly disease but said, until there is concrete progress in these areas, further stock market gains may be limited. The New York

NEW YORK (Reuters) – Companies across a range of industries are slashing or suspending dividends to cope with the economic fallout from the coronavirus outbreak, complicating the stock selection process for money managers eager to buttress their portfolios with a steady stream of income. FILE PHOTO: A street sign for Wall Street is seen outside

FILE PHOTO: The view of Tesla Inc’s U.S. vehicle factory which was open for business on March 18, despite an order by the Alameda county’s sheriff’s office to comply with a three-week lockdown in the San Francisco Bay Area, in order to rein in the spread of coronavirus disease (COVID), in Fremont, California, U.S., March

(Reuters) – New York Governor Andrew Cuomo on Friday pointed to research showing that strains of the novel coronavirus entered his state from Europe, not China, and said that travel bans enacted by U.S. President Donald Trump were too late to halt its spread. Emergency Medical Technicians load a patient into an ambulance outside the

WASHINGTON (Reuters) – The U.S. government is considering taking equity stakes in U.S. energy companies as it seeks to help the nation’s oil and gas sector amid the coronavirus outbreak, Treasury Secretary Steven Mnuchin said on Friday. FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin answers questions during the daily coronavirus task force briefing at the

PARIS (Reuters) – A French court will on Friday decide whether to back Amazon’s (AMZN.O) appeal against an order to restrict the goods it can deliver, which led it to close its warehouses in France and left many small firms struggling to ship products. FILE PHOTO: A truck with the logo of Amazon Prime Delivery

(Reuters) – Facebook Inc (FB.O) has removed “pseudoscience” as an option for advertisers that want to target audiences, a category available until this week even as the world’s largest social media network vowed to curb misinformation about the COVID-19 pandemic. FILE PHOTO: Facebook logo is reflected in glasses in this picture illustration taken April 1,

(Reuters) – Zoom Video Communications Inc (ZM.O) said on Wednesday it was upgrading the encryption features on its video conferencing app to quell safety concerns as its users surged by 50% in the past three weeks. Zoom now has over 300 million daily users after adding 100 million in the last 22 days, the company

(Reuters) – The recent liquidity crisis in the $17 trillion U.S. Treasury market has exposed structural problems that are unlikely to be fixed any time soon, which could lead to new bouts of volatility and make it more costly for the U.S. government to sell bonds. FILE PHOTO: A packet of former U.S. President Abraham

FLE PHOTO: A nearly deserted 7th Avenue in Times Square is seen near midday in Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, New York, U.S., April 7, 2020. REUTERS/Mike Segar SINGAPORE (Reuters) – Global business leaders are preparing for a drawn-out U-shaped recession due to the impact of coronavirus

NEW YORK (Reuters) – Oil futures for June plunged to near two-decade lows on Tuesday, as the panic that sent U.S. May futures to below minus $40 per barrel on Monday bled further into the markets due to worries about the coronavirus pandemic’s effect on fuel demand in a market overrun by supply. FILE PHOTO:

FILE PHOTO: Nissan Motor’s logo is pictured at its headquarters in Yokohama, Japan February 13, 2020. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – Nissan Motor Co (7201.T) on Tuesday said that it would temporarily shut down operations at its global headquarters and other facilities in Japan through early May to contain the spread of the coronavirus