SEATTLE (Reuters) – Boeing Co’s (BA.N) communications chief Niel Golightly abruptly resigned on Thursday, following an employee’s complaint over an article the former U.S. military pilot wrote 33 years ago arguing women should not serve in combat. His exit leaves
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U.S dollar gains on worries about resurgent coronavirus pandemic
NEW YORK (Reuters) – The U.S. dollar rose on Thursday, regaining its safe-haven appeal, as investors worried that the resurgence of U.S. coronavirus cases could erase the summer’s employment gains. U.S. financial markets closed on Friday for the July 4th
U.S. job growth roars back, but COVID-19 resurgence threatens recovery
WASHINGTON (Reuters) – The U.S. economy created jobs at a record clip in June as more restaurants and bars reopened, but 31.5 million Americans were collecting unemployment checks in the middle of the month, and a resurgence in COVID-19 cases
Amid strong June job growth, signs U.S. recovery may be stumbling
(Reuters) – The U.S. economic recovery, after two months of faster-than-expected job gains, may be stumbling as a surge of new coronavirus infections prompts states to delay and in some cases reverse plans to let stores reopen and activities resume.
U.S. private payrolls miss expectations; layoffs persist as demand weakens
WASHINGTON (Reuters) – U.S. private payrolls increased less than expected in June and employers announced more than 170,000 layoffs, strengthening views that the labor market and broader economic recovery from the COVID-19 pandemic would be a long slog. The recovery
Wall Street gains on vaccine hopes, improving economic data
(Reuters) – Wall Street opened higher on Wednesday as rising hopes of a COVID-19 vaccine reversed premarket losses, overshadowing fears of another round of lockdowns following a record surge in coronavirus cases in the United States. A COVID-19 vaccine developed
Wall Street set for subdued open as virus surge threatens recovery
(Reuters) – Wall Street’s main indexes were set to open near-flat on Wednesday, as a record single-day spike in coronavirus cases in the country heightened fears of another lockdown and threatened to derail a nascent economic recovery. After notching up
Macy's reports $3.58 billion quarterly loss as COVID-19 hits business
(Reuters) – Macy’s Inc (M.N) on Wednesday reported a $3.58 billion loss in the coronavirus-hit quarter, mainly due to goodwill and asset impairment charges of $3.1 billion, as its stores remained shut due to COVID-19 lockdowns. The company in its
Coronavirus: House price growth ‘turns negative for first time since 2012’
The annual rate of house price growth has turned negative for the first time since 2012, according to a closely-watched measure. The Nationwide Building Society’s monthly index covering June showed average values falling by 0.1% year on year following a
Pandemic sinks Japan business mood to lowest since 2009 financial crisis
TOKYO (Reuters) – Japanese manufacturers’ confidence sank in the second quarter to levels not seen since the 2009 global financial crisis, underscoring the damage the coronavirus pandemic inflicted on the export-reliant economy. The Bank of Japan’s closely-watched “tankan” survey also