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S&P to drop another 10-15%: economist

Multivariate's Max Wolff tells Reuters' Fred Katayama why he sees more downside risk for the U.S. equity markets than upside potential for the remainder of this year.

Multivariate's Max Wolff tells Reuters' Fred Katayama why he sees more downside risk for the U.S. equity markets than upside potential for the remainder of this year.

Powell, Mnuchin to Congress: more aid needed

Top U.S. economic policymakers opened the door on Tuesday to further aid for small businesses hit by the coronavirus pandemic when Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin testified before the House Financial Servi

Top U.S. economic policymakers opened the door on Tuesday to further aid for small businesses hit by the coronavirus pandemic when Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin testified before the House Financial Servi

Tik Tok sets lofty goal: 25,000 new U.S. jobs

Even as dealmakers bicker over who will actually own TikTok Global, another question emerged after President Donald Trump agreed over the weekend to keep the wildly popular video-sharing app running in the United States for another week: how can they

Even as dealmakers bicker over who will actually own TikTok Global, another question emerged after President Donald Trump agreed over the weekend to keep the wildly popular video-sharing app running in the United States for another week: how can they

Digital banking takes off amid Nigeria's pandemic

With lockdown measures exacerbating queues at banks and limiting the amount of money people can withdraw, more Nigerians are reportedly turning to digital banking.

With lockdown measures exacerbating queues at banks and limiting the amount of money people can withdraw, more Nigerians are reportedly turning to digital banking.

Intel wins licenses to supply Huawei

Intel says it has won licenses to continue supplying Huawei with some technology. Julian Satterthwaite reports

Intel says it has won licenses to continue supplying Huawei with some technology. Julian Satterthwaite reports

Deutsche Bank to close 20% of domestic branches

Deutsche Bank plans to shutter one in five branches in its home market in Germany as it seeks to save costs and capitalise on the changing habits of customers. Ciara Lee reports

Deutsche Bank plans to shutter one in five branches in its home market in Germany as it seeks to save costs and capitalise on the changing habits of customers. Ciara Lee reports

Michael Jordan, Bubba Wallace form NASCAR team

Basketball legend Michael Jordan is forming a NASCAR team that will start racing in 2021, and has already recruited NASCAR's only Black top-level driver Bubba Wallace to drive for the new team.

Basketball legend Michael Jordan is forming a NASCAR team that will start racing in 2021, and has already recruited NASCAR's only Black top-level driver Bubba Wallace to drive for the new team.

U.S. judge fast-tracks Tiffany case against LVMH

A U.S. court has fast-tracked Tiffany's legal case against LVMH, which aims to force the French luxury giant to go through with a $16 billion takeover.

A U.S. court has fast-tracked Tiffany's legal case against LVMH, which aims to force the French luxury giant to go through with a $16 billion takeover.

Airbus: we can't guarantee no compulsory layoffs

European planemaker Airbus has said it will do its best to cut costs without resorting to compulsory redundancies, but is making no promises. As Ciara Lee reports, the fallout from the COVID-19 crisis continues to hit the aviation industry, with Luft

European planemaker Airbus has said it will do its best to cut costs without resorting to compulsory redundancies, but is making no promises. As Ciara Lee reports, the fallout from the COVID-19 crisis continues to hit the aviation industry, with Luft

China's Global Times casts doubt on TikTok deal

A deal China's ByteDance has struck with Oracle Corp and Walmart over the future of its video-streaming app TikTok is unlikely to receive Chinese government approval, state-backed newspaper Global Times said in an editorial.

A deal China's ByteDance has struck with Oracle Corp and Walmart over the future of its video-streaming app TikTok is unlikely to receive Chinese government approval, state-backed newspaper Global Times said in an editorial.

Wall Street ends lower on stimulus fears

Wall Street's main indexes closed lower on Monday as concerns about new lockdowns in Europe and possible delays in fresh stimulus from Congress raised fears the U.S. economy faces a longer road to recovery than previously hoped for.

Wall Street's main indexes closed lower on Monday as concerns about new lockdowns in Europe and possible delays in fresh stimulus from Congress raised fears the U.S. economy faces a longer road to recovery than previously hoped for.

RBG's death will add to volatility: advisor

RegentAtlantic's Chris Cordaro says the passing of Supreme Court Justice Ruth Bader Ginsburg could bring more downside to the equity markets. He tells Reuters' Fred Katayama how it could impact the prospects for a fiscal stimulus package.

RegentAtlantic's Chris Cordaro says the passing of Supreme Court Justice Ruth Bader Ginsburg could bring more downside to the equity markets. He tells Reuters' Fred Katayama how it could impact the prospects for a fiscal stimulus package.

Dow drops more than 800 points

Wall Street's main indexes hit their lowest in nearly seven weeks Monday as concerns about fresh coronavirus-driven lockdowns and the inability of Congress to agree on more fiscal stimulus raised fears about another hit to the domestic economy.

Wall Street's main indexes hit their lowest in nearly seven weeks Monday as concerns about fresh coronavirus-driven lockdowns and the inability of Congress to agree on more fiscal stimulus raised fears about another hit to the domestic economy.

Nikola shares tank as founder resigns

Shares of electric-truck maker Nikola slumped on Monday after founder Trevor Milton stepped down as executive chairman following a public squabble with a short-seller over allegations of nepotism and fraud. This report produced by Yahaira Jacquez.

Shares of electric-truck maker Nikola slumped on Monday after founder Trevor Milton stepped down as executive chairman following a public squabble with a short-seller over allegations of nepotism and fraud. This report produced by Yahaira Jacquez.

Rolls-Royce shares tank on $3 bln funds plan

Shares in Rolls-Royce sank to 16-year lows on Monday after it confirmed reports it is looking into ways to raise over $3 billion in new capital.

Shares in Rolls-Royce sank to 16-year lows on Monday after it confirmed reports it is looking into ways to raise over $3 billion in new capital.

Shell launches major cost-cutting drive - sources

Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Ciara Lee reports

Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Ciara Lee reports

As virus cases rise, European shares fall

European shares fell on Monday as rising COVID-19 infection rates in Europe prompted renewed lockdown measures in some countries, casting doubt over the economic recovery. Ciara Lee reports

European shares fell on Monday as rising COVID-19 infection rates in Europe prompted renewed lockdown measures in some countries, casting doubt over the economic recovery. Ciara Lee reports

E-scooters conquer but divide Rome

Thousands of electric scooters are filling the cobblestoned streets of central Rome as people seek alternatives to crowded public transport.

Thousands of electric scooters are filling the cobblestoned streets of central Rome as people seek alternatives to crowded public transport.

So who will own TikTok now? Depends who you ask

ByteDance says it will control TikTok's worldwide operations following a deal with Oracle, Walmart and other investors. But the U.S. firms have a different take.

ByteDance says it will control TikTok's worldwide operations following a deal with Oracle, Walmart and other investors. But the U.S. firms have a different take.

'FinCEN' reports say big banks moved dirty money

Several global banks moved large sums of allegedly illicit funds over a period of nearly two decades, despite red flags about the origins of the money, BuzzFeed and other media reported on Sunday, citing confidential documents submitted by banks to t

Several global banks moved large sums of allegedly illicit funds over a period of nearly two decades, despite red flags about the origins of the money, BuzzFeed and other media reported on Sunday, citing confidential documents submitted by banks to t

TikTok files complaint to try and block U.S. ban

Popular video-sharing app TikTok has asked a U.S. judge to block the Trump administration from enforcing a ban on the Chinese social media network, according to court documents filed late on Friday.

Popular video-sharing app TikTok has asked a U.S. judge to block the Trump administration from enforcing a ban on the Chinese social media network, according to court documents filed late on Friday.

Nasdaq, S&P 500 fall for third straight week

The S&P 500 posted its first three-week fall in nearly a year as the rotation out of high-flying tech stocks and an European spike in COVID-19 cases left Wall Street limping into the weekend on Friday. Conway G.

The S&P 500 posted its first three-week fall in nearly a year as the rotation out of high-flying tech stocks and an European spike in COVID-19 cases left Wall Street limping into the weekend on Friday. Conway G.

Don't buy tech on the dips: advisor

Mercadien Asset Management's Ken Kamen says investors should use the market sell-offs to diversify their portfolio. He tells Reuters' Fred Katayama what sectors they should consider, and they're not tech-related.

Mercadien Asset Management's Ken Kamen says investors should use the market sell-offs to diversify their portfolio. He tells Reuters' Fred Katayama what sectors they should consider, and they're not tech-related.

LVMH may find most sales are final

France's LVMH faces an uphill battle in walking away from its $16 billion deal to buy U.S. jeweler Tiffany, with legal experts noting most mergers which end up in court are renegotiated rather than dissolved.

France's LVMH faces an uphill battle in walking away from its $16 billion deal to buy U.S. jeweler Tiffany, with legal experts noting most mergers which end up in court are renegotiated rather than dissolved.

'Suganomics'? Bet on easy wins, not grand visions

New Japanese Prime Minister Yoshihide Suga will prefer practical, incremental economic reform to grand visions, say people who know him.

New Japanese Prime Minister Yoshihide Suga will prefer practical, incremental economic reform to grand visions, say people who know him.

ByteDance plans TikTok IPO to win deal - sources

China's ByteDance is reportedly planning a U.S. initial public offering of TikTok Global, the new company that will operate the popular short video app, should its proposed deal be cleared by the U.S. government. Ciara Lee reports

China's ByteDance is reportedly planning a U.S. initial public offering of TikTok Global, the new company that will operate the popular short video app, should its proposed deal be cleared by the U.S. government. Ciara Lee reports

Caixabank, Bankia agree merger terms

Spain's Caixabank and Bankia have set out terms for a merger that will create the country's largest lender.

Spain's Caixabank and Bankia have set out terms for a merger that will create the country's largest lender.

Missing: £50 billion in British bank notes

Britain's National Audit Office has uncovered a mystery: the number of pound notes in circulation has soared, so who is holding around 50 billion pounds in cash?

Britain's National Audit Office has uncovered a mystery: the number of pound notes in circulation has soared, so who is holding around 50 billion pounds in cash?

Trump to block TikTok, WeChat downloads Sunday

The Trump administration will ban WeChat and video-sharing app TikTok from U.S. app stores starting Sunday night, a move that will block Americans from downloading the Chinese-owned platforms over concerns they pose a national security threat.

The Trump administration will ban WeChat and video-sharing app TikTok from U.S. app stores starting Sunday night, a move that will block Americans from downloading the Chinese-owned platforms over concerns they pose a national security threat.

TikTok faces another test: its first U.S. election

TikTok, already under scrutiny over its Chinese ownership and threatened with a possible ban by U.S. President Donald Trump, is facing another major challenge: how to handle content around its first U.S. presidential election. This report produced by

TikTok, already under scrutiny over its Chinese ownership and threatened with a possible ban by U.S. President Donald Trump, is facing another major challenge: how to handle content around its first U.S. presidential election. This report produced by

ByteDance faces big hurdles over TikTok

China's ByteDance faces an uphill struggle to convince the White House to allow it to keep majority ownership of its popular short video app TikTok in the United States, according to former national security officials and regulatory lawyers.

China's ByteDance faces an uphill struggle to convince the White House to allow it to keep majority ownership of its popular short video app TikTok in the United States, according to former national security officials and regulatory lawyers.

Why are Huawei phone prices rising in China?

Chinese consumers are rushing to buy smartphones from Huawei featuring its high-end Kirin chips, fearing curbs on the firm's access to U.S. technology will soon cut off production of its premium handsets. Ciara Lee reports

Chinese consumers are rushing to buy smartphones from Huawei featuring its high-end Kirin chips, fearing curbs on the firm's access to U.S. technology will soon cut off production of its premium handsets. Ciara Lee reports

Bank of England negative rates hint rocks pound

Sterling took a hit Thursday after Bank of England policymakers said they had been studying how to introduce negative rates. Julian Satterthwaite reports

Sterling took a hit Thursday after Bank of England policymakers said they had been studying how to introduce negative rates. Julian Satterthwaite reports

Retailers: Next rebounds, John Lewis flags

Clothing chain Next has raised its profit outlook again, but John Lewis says things are as bad as they were after World War Two.

Clothing chain Next has raised its profit outlook again, but John Lewis says things are as bad as they were after World War Two.

Sony PlayStation 5 to launch in November

Sony announced on Thursday that its next-generation PlayStation 5 console would launch this November. Ciara Lee reports

Sony announced on Thursday that its next-generation PlayStation 5 console would launch this November. Ciara Lee reports

Asia travellers snap up 'flights to nowhere'

Qantas Airways said a seven-hour scenic flight over Australia's Outback and Great Barrier Reef had sold out in 10 minutes, as it joined a growing trend in Asia offering sightseeing "flights to nowhere" that take off and land at the same airport.

Qantas Airways said a seven-hour scenic flight over Australia's Outback and Great Barrier Reef had sold out in 10 minutes, as it joined a growing trend in Asia offering sightseeing "flights to nowhere" that take off and land at the same airport.

Stocks end mixed despite Fed support

Tech stocks were a drag Wednesday but the Dow rallied for a fourth straight day as the Federal Reserve pledged to keep interest rates near zero at least through 2023. Conway G. Gittens has the Wall Street action.

Tech stocks were a drag Wednesday but the Dow rallied for a fourth straight day as the Federal Reserve pledged to keep interest rates near zero at least through 2023. Conway G. Gittens has the Wall Street action.

The Fed's 'dangerous statement': advisor

Stocks rose after the U.S. Federal Reserve said Wednesday it sees rates on hold for three more years. Summit Place Financial Advisor's Liz Miller tells Reuters' Fred Katayama why she senses a bit of danger in that policy statement.

Stocks rose after the U.S. Federal Reserve said Wednesday it sees rates on hold for three more years. Summit Place Financial Advisor's Liz Miller tells Reuters' Fred Katayama why she senses a bit of danger in that policy statement.

Google claims its carbon footprint is now zero

CEO Sundar Pichai has announced that the firm has completely wiped out its carbon footprint by investing in "high-quality carbon offsets".

CEO Sundar Pichai has announced that the firm has completely wiped out its carbon footprint by investing in "high-quality carbon offsets".

U.S. consumer spending loses steam

U.S. consumer spending slowed in August, with a key retail sales gauge unexpectedly declining, as extended unemployment benefits were cut for millions of Americans, offering more evidence that the economic recovery from the COVID-19 recession was fal

U.S. consumer spending slowed in August, with a key retail sales gauge unexpectedly declining, as extended unemployment benefits were cut for millions of Americans, offering more evidence that the economic recovery from the COVID-19 recession was fal

Lawmakers blame Boeing, FAA for 737 MAX failures

Two Boeing 737 MAX crashes that killed all 346 passengers and crew aboard were the "horrific culmination" of failures by the planemaker and the Federal Aviation Administration, a U.S. House panel concluded after an 18-month investigation.

Two Boeing 737 MAX crashes that killed all 346 passengers and crew aboard were the "horrific culmination" of failures by the planemaker and the Federal Aviation Administration, a U.S. House panel concluded after an 18-month investigation.

'Animal Crossing' helps put Nintendo on a roll

Nintendo says subscriber numbers for its Switch Online service are booming, in large part thanks to the success of family-friendly game 'Animal Crossing'.

Nintendo says subscriber numbers for its Switch Online service are booming, in large part thanks to the success of family-friendly game 'Animal Crossing'.

Von der Leyen sets out EU's ambitious new goals

European Commission President Ursula Von der Leyen set out ambitious new climate goals for the EU on Wednesday, and also said a proposal was on the way for minimum wages.

European Commission President Ursula Von der Leyen set out ambitious new climate goals for the EU on Wednesday, and also said a proposal was on the way for minimum wages.

Nvidia's Arm takeover 'disturbing' - China media

An op-ed in China's state media calls Nvidia's plan to buy chip designer Arm 'disturbing', and urged regulators to exercise caution when assessing it.

An op-ed in China's state media calls Nvidia's plan to buy chip designer Arm 'disturbing', and urged regulators to exercise caution when assessing it.

Zara-owner Inditex returns to profit in Q2

The owner of fashion retailer Zara, Inditex, returned to quarterly profit in the three months from May to July despite a 31% fall in sales as the coronavirus crisis kept consumers away from city center shopping districts.

The owner of fashion retailer Zara, Inditex, returned to quarterly profit in the three months from May to July despite a 31% fall in sales as the coronavirus crisis kept consumers away from city center shopping districts.

WTO finds U.S broke trade rules

The World Trade Organization found on Tuesday that the United States breached global trading rules by imposing multibillion-dollar tariffs in President Donald Trump's trade war with China, a ruling that drew anger from Washington.

The World Trade Organization found on Tuesday that the United States breached global trading rules by imposing multibillion-dollar tariffs in President Donald Trump's trade war with China, a ruling that drew anger from Washington.

Trump says Oracle 'very close' to TikTok deal

President Donald Trump said on Tuesday he had heard Oracle was very close to a deal over ByteDance's TikTok, even as sources say the Chinese company is seeking to keep majority ownership of the popular video app. Gloria Tso reports

President Donald Trump said on Tuesday he had heard Oracle was very close to a deal over ByteDance's TikTok, even as sources say the Chinese company is seeking to keep majority ownership of the popular video app. Gloria Tso reports

Dow rallies for third consecutive day

U.S. stocks rose on Tuesday as investors hoped the Federal Reserve would stick with its supportive policy stance as the central bank's two-day meeting got under way. Conway G. Gittens has the market action.

U.S. stocks rose on Tuesday as investors hoped the Federal Reserve would stick with its supportive policy stance as the central bank's two-day meeting got under way. Conway G. Gittens has the market action.

TikTok reaches deal with Oracle instead of Microsoft

According to NBC News, Oracle confirmed the new deal on Monday.

According to NBC News, Oracle confirmed the new deal on Monday.

Fitness, membership bundle highlight Apple launch

Apple rolled out a new virtual fitness service and a bundle of all its subscriptions, Apple One, focusing a holiday-season product launch on services that are the backbone of Apple's growth strategy and that cater to customers working at home during

Apple rolled out a new virtual fitness service and a bundle of all its subscriptions, Apple One, focusing a holiday-season product launch on services that are the backbone of Apple's growth strategy and that cater to customers working at home during

An oil comeback? Don’t count on it: Trader

As the oil industry issues one dire forecast after another, Vespula Capital's Jeff Tomasulo warns against betting on a rebound for oil stocks.

As the oil industry issues one dire forecast after another, Vespula Capital's Jeff Tomasulo warns against betting on a rebound for oil stocks.

Steve Cohen agrees to buy New York Mets

Billionaire hedge fund manager Steve Cohen has signed an agreement with Sterling Partners to buy the New York Mets baseball team, beating a bid from pop star Jennifer Lopez and ex-New York Yankee Alex Rodriguez. This report produced by Fred Katayama.

Billionaire hedge fund manager Steve Cohen has signed an agreement with Sterling Partners to buy the New York Mets baseball team, beating a bid from pop star Jennifer Lopez and ex-New York Yankee Alex Rodriguez. This report produced by Fred Katayama.

We've mended our ways, Uber tells London court

Uber told a London court on Tuesday that it had addressed all safety and security issues surrounding the app, and thus deserves to get its license back in the city.

Uber told a London court on Tuesday that it had addressed all safety and security issues surrounding the app, and thus deserves to get its license back in the city.

IEA lowers forecast for global oil demand

Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic's ongoing assault on the global economy.

Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic's ongoing assault on the global economy.

Fiat Chrysler, PSA amend merger to save cash

Peugeot-maker PSA and Fiat Chrysler have restructured the terms of their planned merger to conserve cash. Ciara Lee reports

Peugeot-maker PSA and Fiat Chrysler have restructured the terms of their planned merger to conserve cash. Ciara Lee reports

Ocado sales surge as shoppers stay home

UK online supermarket Ocado says its retail sales jumped by more than a half in the latest quarter as more shoppers opted to get their food delivered.

UK online supermarket Ocado says its retail sales jumped by more than a half in the latest quarter as more shoppers opted to get their food delivered.

Daimler to pay $2.2 billion in U.S. settlements

Daimler will pay $2.2 billion to resolve a U.S. government diesel emissions cheating investigation and claims from 250,000 U.S. vehicle owners, court documents show. Ciara Lee reports

Daimler will pay $2.2 billion to resolve a U.S. government diesel emissions cheating investigation and claims from 250,000 U.S. vehicle owners, court documents show. Ciara Lee reports

H&M shares soar as profits rebound

H&M posted a much better-than-expected profit for the latest quarter, sending its shares soaring.

H&M posted a much better-than-expected profit for the latest quarter, sending its shares soaring.

Chinese plant protein start-ups bet on local tastes

A small but growing coterie of Chinese companies are betting on a bright future for plant-based meat products as consumers take their health more seriously in the wake of the COVID-19 pandemic.

A small but growing coterie of Chinese companies are betting on a bright future for plant-based meat products as consumers take their health more seriously in the wake of the COVID-19 pandemic.

Former Ghosn aide pleads not guilty

Former Nissan Motor executive Greg Kelly goes on trial in Tokyo on Tuesday, almost two years after prosecutors charged the American lawyer with helping his ex-boss, Carlos Ghosn, hide his earnings. Gloria Tso reports

Former Nissan Motor executive Greg Kelly goes on trial in Tokyo on Tuesday, almost two years after prosecutors charged the American lawyer with helping his ex-boss, Carlos Ghosn, hide his earnings. Gloria Tso reports

Oracle, TikTok partnership is a 'headscratcher' -investor

Oracle's decision to team up with China's ByteDance to keep TikTok operating in the United States is 'one of the weirder things' that has happened in a very long time, Kim Forrest of Bokeh Capital Partners told Reuters business correspondent Conway G

Oracle's decision to team up with China's ByteDance to keep TikTok operating in the United States is 'one of the weirder things' that has happened in a very long time, Kim Forrest of Bokeh Capital Partners told Reuters business correspondent Conway G

Delta to raise $6.5bln backed by loyalty program

Delta Air Lines shares rallied Monday after the air carrier said it was seeking to raise $6.5 billion through bonds and loans backed by its SkyMiles frequent flyer program. Conway G.

Delta Air Lines shares rallied Monday after the air carrier said it was seeking to raise $6.5 billion through bonds and loans backed by its SkyMiles frequent flyer program. Conway G.

As OPEC turns 60 oil demand drop steepens

As OPEC celebrates its 60th birthday, the group warns that oil demand will fall more steeply in 2020 than previously forecast due to the coronavirus and recover more slowly than expected next year. Ciara Lee reports

As OPEC celebrates its 60th birthday, the group warns that oil demand will fall more steeply in 2020 than previously forecast due to the coronavirus and recover more slowly than expected next year. Ciara Lee reports

German economy past worst, but rebound fragile

Germany's government says the country is heading back towards growth, but warned that it could be 2022 before the economy recovered to pre-crisis levels.

Germany's government says the country is heading back towards growth, but warned that it could be 2022 before the economy recovered to pre-crisis levels.

Plane recyclers bet on parts boom

As COVID-19 grounds swaths of airline fleets, companies that profit from harvesting old jets for spare parts are seeing signs of a boom.

As COVID-19 grounds swaths of airline fleets, companies that profit from harvesting old jets for spare parts are seeing signs of a boom.

Thai Air's request for restructuring approved

Thailand's Central Bankruptcy Court on Monday approved Thai Airways International's request for restructuring.

Thailand's Central Bankruptcy Court on Monday approved Thai Airways International's request for restructuring.

Amazon to hire 100,000 more workers

Amazon says it plans to recruit another 100,000 workers in the U.S. and Canada, marking its fourth hiring spree in North America this year.

Amazon says it plans to recruit another 100,000 workers in the U.S. and Canada, marking its fourth hiring spree in North America this year.

S. Korea aims for semiconductor self-sufficiency

The South Korean government has teamed up with Samsung at a national nanofab center, where researchers hope to cut reliance on Japanese supplies and make more materials on home soil.

The South Korean government has teamed up with Samsung at a national nanofab center, where researchers hope to cut reliance on Japanese supplies and make more materials on home soil.

Oracle picked for TikTok over Microsoft: sources

ByteDance abandoned the sale of TikTok in the United States on Sunday in pursuit of a partnership with Oracle that it hopes will spare it a U.S. ban while appeasing China's government, people familiar with the matter told Reuters. Gloria Tso reports

ByteDance abandoned the sale of TikTok in the United States on Sunday in pursuit of a partnership with Oracle that it hopes will spare it a U.S. ban while appeasing China's government, people familiar with the matter told Reuters. Gloria Tso reports

How a small business learned to thrive during COVID-19

The Dessert Ladies, a mother and daughter company, had to adapt and change during COVID-19 to keep their close-knit group of staff employed. Irish immigrant: Geraldine Keogh shares how she kept her small business afloat during COVID, and what she ...

The Dessert Ladies, a mother and daughter company, had to adapt and change during COVID-19 to keep their close-knit group of staff employed. Irish immigrant: Geraldine Keogh shares how she kept her small business afloat during COVID, and what she ...

U.S. lawmakers quiz Disney CEO over 'Mulan'

A group of bipartisan U.S. lawmakers urged Walt Disney Bob Chapek to explain the company's connection with "security and propaganda" authorities of China's Xinjiang region during the production of live-action war epic "Mulan." Fred Katayama reports.

A group of bipartisan U.S. lawmakers urged Walt Disney Bob Chapek to explain the company's connection with "security and propaganda" authorities of China's Xinjiang region during the production of live-action war epic "Mulan." Fred Katayama reports.

Wall Street posts 2nd straight weekly drop

The Nasdaq slid and the S&P 500 closed little changed Friday as early gains in technology and growth names faded, with each of the three major Wall Street averages posting their second straight weekly decline.

The Nasdaq slid and the S&P 500 closed little changed Friday as early gains in technology and growth names faded, with each of the three major Wall Street averages posting their second straight weekly decline.

Market drop has further to go: technical analyst

Phoenix Financial Services' Wayne Kaufman says the charts suggest the market downturn could last a few more weeks. But he tells Reuters' Fred Katayama he's still very bullish about the market's long-term prospects.

Phoenix Financial Services' Wayne Kaufman says the charts suggest the market downturn could last a few more weeks. But he tells Reuters' Fred Katayama he's still very bullish about the market's long-term prospects.

Used cars drive consumer prices up in August

U.S. consumer prices rose solidly in August with the cost of used cars and trucks increasing by the most in more than 51 years as Americans shunned public transportation.

U.S. consumer prices rose solidly in August with the cost of used cars and trucks increasing by the most in more than 51 years as Americans shunned public transportation.

Rio Tinto CEO to step down over cave blast

Rio Tinto parted ways with its chief executive and two deputies on Friday, bowing to a shareholder outcry over the destruction of two significant Aboriginal rockshelters and what was seen as the miner's inadequate initial response.

Rio Tinto parted ways with its chief executive and two deputies on Friday, bowing to a shareholder outcry over the destruction of two significant Aboriginal rockshelters and what was seen as the miner's inadequate initial response.

Justin Trudeau announces $221 million loan program for black entrepreneurs

Canadian Prime Minister Justin Trudeau has announced a new multi-million dollar program specifically for Black Canadians.

Canadian Prime Minister Justin Trudeau has announced a new multi-million dollar program specifically for Black Canadians.

EU tells UK to drop law-breaking bill

Brexit negotiations are in turmoil after the UK refused to bow to EU demands to drop planned legislation that would breach the country's withdrawal agreement.

Brexit negotiations are in turmoil after the UK refused to bow to EU demands to drop planned legislation that would breach the country's withdrawal agreement.

UK, Japan strike first post-Brexit trade deal

The UK and Japan have agreed a free trade deal, marking the first such post-Brexit agreement.

The UK and Japan have agreed a free trade deal, marking the first such post-Brexit agreement.

Tesla plans to export China-made Model 3s -sources

Tesla is planning to export Model 3 vehicles made in China to Asian and European markets, two sources familiar with the matter told Reuters on Friday. Conway G.

Tesla is planning to export Model 3 vehicles made in China to Asian and European markets, two sources familiar with the matter told Reuters on Friday. Conway G.

Microsoft challenges Sony with new gaming service

Microsoft will on Tuesday launch its Xbox cloud gaming service priced at $1 for new users' first month, in a major drive to attract casual gamers and as competition with Sony heats up. Ciara Lee reports

Microsoft will on Tuesday launch its Xbox cloud gaming service priced at $1 for new users' first month, in a major drive to attract casual gamers and as competition with Sony heats up. Ciara Lee reports

Amazon expanding its grocery business

Amazon is expanding its grocery business with in-person stores using their Amazon Fresh brand.

Amazon is expanding its grocery business with in-person stores using their Amazon Fresh brand.

Wall Street ends lower as tech stocks slide

U.S. stocks closed lower after a choppy trading session Thursday as heavyweight tech-related stocks resumed their decline following a sharp rebound the previous session, while elevated jobless claims reminded investors of a still-difficult recovery a

U.S. stocks closed lower after a choppy trading session Thursday as heavyweight tech-related stocks resumed their decline following a sharp rebound the previous session, while elevated jobless claims reminded investors of a still-difficult recovery a

Pick up home builders stocks: strategist

National Securities' Art Hogan recommends investors buy home builders stocks following the recent sell-off. He also tells Reuters' Fred Katayama why he likes the prospects for JPMorgan Chase and Apple.

National Securities' Art Hogan recommends investors buy home builders stocks following the recent sell-off. He also tells Reuters' Fred Katayama why he likes the prospects for JPMorgan Chase and Apple.

Citi names Jane Fraser as first female CEO

Jane Fraser will become the first woman to head a major Wall Street bank when she succeeds Michael Corbat as CEO in February.

Jane Fraser will become the first woman to head a major Wall Street bank when she succeeds Michael Corbat as CEO in February.

LVMH to counter sue Tiffany over troubled deal

Luxury goods group LVMH said on Thursday it would counter-sue Tiffany, accusing it of mismanagement through the coronavirus crisis after the U.S. jeweler accused the French group of trying to bow out of a $16 billion acquisition deal. This report pro

Luxury goods group LVMH said on Thursday it would counter-sue Tiffany, accusing it of mismanagement through the coronavirus crisis after the U.S. jeweler accused the French group of trying to bow out of a $16 billion acquisition deal. This report pro

ECB holds steady, but ready to use fund firepower

The ECB kept policy on hold on Thursday, but said it expected to make full use of its 1.35 trillion euro crisis-fighting fund.

The ECB kept policy on hold on Thursday, but said it expected to make full use of its 1.35 trillion euro crisis-fighting fund.

JetBlue readies parked planes to fly to new routes

JetBlue Airways will add 24 routes later this year as the airline looks to generate cash and said it plans to fly some temporarily parked jets to the new destinations. Conway G.

JetBlue Airways will add 24 routes later this year as the airline looks to generate cash and said it plans to fly some temporarily parked jets to the new destinations. Conway G.

ByteDance may miss U.S. deadline - report

ByteDance is likely to miss the deadline imposed by the Trump administration for the sale of TikTok's U.S. assets as new Chinese regulations have complicated deal talks, Bloomberg reported on Thursday. Ciara Lee reports

ByteDance is likely to miss the deadline imposed by the Trump administration for the sale of TikTok's U.S. assets as new Chinese regulations have complicated deal talks, Bloomberg reported on Thursday. Ciara Lee reports

EU negotiators head to crisis Brexit talks

EU negotiators are trying to gauge how to deal with the UK after the government explicitly stated that it would act outside international law by breaching the Brexit divorce treaty. Ciara Lee reports

EU negotiators are trying to gauge how to deal with the UK after the government explicitly stated that it would act outside international law by breaching the Brexit divorce treaty. Ciara Lee reports

Huawei set to launch Android rival

Huawei says it will launch phones using its own operating system from next year, as it battles to overcome U.S. restrictions that have cost it full access to Google's Android OS.

Huawei says it will launch phones using its own operating system from next year, as it battles to overcome U.S. restrictions that have cost it full access to Google's Android OS.

Amazon's Bezos tops Forbes richest list, Trump dips

Amazon CEO Jeff Bezos topped Forbes' list of richest Americans for the third year in a row, while U.S. President Donald Trump's ranking dropped as the pandemic slammed his office buildings, hotels and resorts, the magazine said Tuesday. Colette Luke

Amazon CEO Jeff Bezos topped Forbes' list of richest Americans for the third year in a row, while U.S. President Donald Trump's ranking dropped as the pandemic slammed his office buildings, hotels and resorts, the magazine said Tuesday. Colette Luke

Wall Street rebounds to snap three-day skid

Wall Street's main indexes ended higher Wednesday to snap a three-session losing streak as investors jumped back in to take advantage of the pullback in technology-related stocks, a day after the Nasdaq confirmed correction territory.

Wall Street's main indexes ended higher Wednesday to snap a three-session losing streak as investors jumped back in to take advantage of the pullback in technology-related stocks, a day after the Nasdaq confirmed correction territory.

J.C. Penney reaches tentative rescue deal

J.C. Penney and its landlords reached a tentative deal to rescue the iconic, yet bankrupt department store chain, which could avert the biggest U.S. corporate collapse since the pandemic hit. Conway G.

J.C. Penney and its landlords reached a tentative deal to rescue the iconic, yet bankrupt department store chain, which could avert the biggest U.S. corporate collapse since the pandemic hit. Conway G.

Zero-Emission Resort Concept Turns Solar-Powered Catamarans Into Floating Villas

A zero-emission resort concept turns solar-powered catamarans into floating villas. Developed by Silent-Yachts, the sustainable island will use luxury catamarans instead of villas on land. Each catamaran has four suites with private bathrooms, lar...

A zero-emission resort concept turns solar-powered catamarans into floating villas. Developed by Silent-Yachts, the sustainable island will use luxury catamarans instead of villas on land. Each catamaran has four suites with private bathrooms, lar...

Invest in the 'physical economy': advisor

Gerber Kawasaki's Brett Sifling says investors should use the sell-off to diversify their portfolios. He tells Reuters' Fred Katayama why they should consider buying housing-related stocks now.

Gerber Kawasaki's Brett Sifling says investors should use the sell-off to diversify their portfolios. He tells Reuters' Fred Katayama why they should consider buying housing-related stocks now.

Madrid's bars and restaurants ask for virus help

Spanish bar, restaurant and nightclub owners gathered in central Madrid on Wednesday to ask the government for tax cuts and support to survive the fallout from the coronavirus pandemic.

Spanish bar, restaurant and nightclub owners gathered in central Madrid on Wednesday to ask the government for tax cuts and support to survive the fallout from the coronavirus pandemic.

United cuts capacity, revenue forecasts

United Airlines on Wednesday forecast a bigger drop in third-quarter passenger revenue than its own expectations and said it would look to cancel more flights until it sees a recovery in air travel.

United Airlines on Wednesday forecast a bigger drop in third-quarter passenger revenue than its own expectations and said it would look to cancel more flights until it sees a recovery in air travel.

Walmart begins drone delivery tests

Walmart will begin testing a drone delivery service on Wednesday that will drop off grocery and household products through automated drones as the U.S. retailer looks to expand its delivery options. Conway G. Gittens has more.

Walmart will begin testing a drone delivery service on Wednesday that will drop off grocery and household products through automated drones as the U.S. retailer looks to expand its delivery options. Conway G. Gittens has more.

LVMH drops $16 billion Tiffany takeover

French luxury goods giant LVMH said it would walk away from its planned $16 billion takeover of U.S. jeweler Tiffany, in the most high-profile example of a deal to face collapse following the COVID-19 pandemic.

French luxury goods giant LVMH said it would walk away from its planned $16 billion takeover of U.S. jeweler Tiffany, in the most high-profile example of a deal to face collapse following the COVID-19 pandemic.

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