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Nordstrom Sales Down 40%, Despite Firm's 'Strong Financial Position'
Retailer says around 40 percent of its department store chains have reopened for business. Retailer says around 40 percent of its department store chains have reopened for business. -
General Electric CEO Sees Negative Cash Outflow Due To Pandemic
GE is selling some of its units to raise enough funds and settle off some of its financial obligations. GE is selling some of its units to raise enough funds and settle off some of its financial obligations. -
Amazon To Buy Driverless Car Startup Zoox For Under $3.2 Billion
Zoox has been approached by other firms in the automotive industry with regards a possible acquisition bid Zoox has been approached by other firms in the automotive industry with regards a possible acquisition bid -
US Braces For Increase In Jobless Americans As Pandemic Rages On
Economists predict an additional 2.1 million Americans applied for jobless claims in the week ending May 23. Economists predict an additional 2.1 million Americans applied for jobless claims in the week ending May 23. -
Dow Jones Up 530 Points As Shares Rise On US Reopening
Financials got a boost after JPMorgan CEO issued some positive comments about the US post-pandemic recovery Financials got a boost after JPMorgan CEO issued some positive comments about the US post-pandemic recovery -
Yuan Has 'Value', Seen Trading Higher Vs US Dollar, Investor Says
Weak yuan gives it a competitive advantage that could help boost demand abroad. Weak yuan gives it a competitive advantage that could help boost demand abroad. -
Tesla Trims 6% Off From China EV Prices To Ease Demand Slump
New price offerings aimed at attracting buyers amid an ongoing global slump New price offerings aimed at attracting buyers amid an ongoing global slump -
YouTube Takes Down Comments Critical Of Chinese Ruling Party
Video sharing giant says auto-deletion of comments caused by glitch in its moderation system. Video sharing giant says auto-deletion of comments caused by glitch in its moderation system. -
Uber To Let Go Of 600 Workers In India Due To Lockdowns
Uber's move part of company's recently announced 6,700 employment global cutdown Uber's move part of company's recently announced 6,700 employment global cutdown -
EU Prepares To Release 1 Trillion Euro Pandemic Recovery Fund
The global health crisis has dragged the EU down into its deepest ever financial quicksand The global health crisis has dragged the EU down into its deepest ever financial quicksand