 | | | | Wall Street retreated on Friday, heading into the weekend with a broad sell-off due to weak earnings, surging coronavirus cases and geopolitical uncertainties. | | | | | | Smithfield Foods, the world's biggest pork processor, said workers cannot be socially distant in all areas of its plants, in response to U.S. senators who pressed meatpackers on coronavirus outbreaks in slaughterhouses. | | | | | | Shares worldwide skidded further on Friday as a pickup in U.S. and European business activity did little to ease jitters about rising U.S.-China tensions, while gold broke above $1,900 an ounce on its march toward a record high. | | | | | | Boeing Co is preparing to delay its all-new 777X jet by several months or up to a year, three people familiar with the matter said, as the COVID-19 crisis exacerbates a drop in demand for the industry's largest jetliners. | | | | | | Oil prices rose on Friday, lifted by some supportive economic data, but tensions between the United States and China limited gains. | | | | | | McDonald's Corp said on Friday it would require customers to wear face masks in its U.S. restaurants starting next month, as new coronavirus cases surge across the country. | | | | | | The Federal Aviation Administration (FAA) on Friday issued an emergency airworthiness directive for 2,000 U.S.-registered Boeing 737 NG and Classic aircraft, warning of possible corrosion on parked planes that could lead to a dual-engine failure. | | | | | | Credit card issuer American Express Co on Friday warned of a slow recovery in transaction volumes in the near term, after it set aside $1.6 billion for potential credit losses that weighed on its quarterly numbers. | | | | | | Oil major Chevron Corp expects to reduce the dominance of white males in company management during cost-cutting this year, upping the share of senior level jobs held by women and ethnic minorities to 44% from 38% last year, the company said in a statement. | | | | | | Sales of new U.S. single-family homes raced to a near 13-year high in June as the housing market outperforms the broader economy amid record low interest rates and migration from urban centers to lower-density areas because of the COVID-19 pandemic. | | | | | | British Airways owner IAG said on Friday it is drawing up plans for a possible rights issue of up to 2.75 billion euros ($3.20 billion) to strengthen its balance sheet. | | | | | |
