 | | | | Reddit co-founder Alexis Ohanian said on Friday he has resigned from the board and sought to be replaced with a black candidate at the social network company. | | | | | | Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc out of bankruptcy should the U.S. department store chain's negotiations with its creditors fail, three people familiar with the matter said on Friday. | | | | | | The U.S. unemployment rate dropped unexpectedly in May, but not all workers benefited equally as joblessness among African Americans and Asians rose, signaling some minorities face a longer recovery as the economy slowly rebounds from the coronavirus shutdowns. | | | | | | The U.S. economy unexpectedly added jobs in May, surprising economists and analysts who had forecast millions more losing their livelihoods, and raising hopes of a faster economic recovery than expected. | | | | | | Wall Street surged on Friday after a strikingly upbeat May jobs report unexpectedly provided the clearest evidence yet that the U.S. economy is headed for a quicker-than-anticipated recovery. | | | | | | An unexpected jump in U.S. employment sent world equities and oil surging on hopes that the global economy has started to recover from the coronavirus pandemic, pulling investors out of perceived safe havens like government bonds and gold. | | | | | | President Donald Trump announced on Friday he will open up a 5,000 square mile conservation area in the Atlantic Ocean off the coast of New England to commercial fishing. | | | | | | The U.S. economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by the COVID-19 pandemic was probably over, though the road to recovery could be long. | | | | | | U.S. President Donald Trump on Friday threatened to impose tariffs on European Union cars if the bloc does not drop its tariff on American lobsters, naming White House trade adviser Peter Navarro the "lobster king" in charge of talks. | | | | | | WeWork's Miguel McKelvey, who co-founded the troubled office-sharing start-up with Adam Neumann, will leave the company at the end of June. | | | | | | Canada unexpectedly added almost 290,000 jobs in May as some provinces loosened COVID-19 restrictions on businesses, data showed on Friday, and there could be an even bigger improvement in June. | | | | | |
