A California appeals court on Thursday avoided a shutdown of ride-hailing services Uber and Lyft in the state, effectively handing a decision over gig worker benefits and pay to voters in a November ballot measure.
The dollar eased and global equity markets fell on Thursday, even as the tech-heavy NASDAQ index touched a record high and looked past the growing signs of prolonged economic weakness. Gold also rose in a sign of safe-haven buying.
Nasdaq ended at a record high on Thursday, with the S&P 500 and Dow also rising, as gains in heavyweight tech stocks outweighed downbeat data that affirmed the Federal Reserve's view of a difficult road to economic recovery.
A former chief security officer for Uber Technologies was criminally charged on Thursday with trying to cover up a 2016 hacking that exposed personal information of about 57 million of the ride-hailing company's customers and drivers.
A U.S. judge on Thursday dismissed portions of a U.S. Securities and Exchange Commission lawsuit accusing Volkswagen AG of defrauding American investors in connection with the automaker's diesel emissions scandal.
Tesla Inc. asked the Federal Communications Commission (FCC) for approval to market a short-range interactive motion-sensing device that could help prevent children from being left behind in hot cars and boost theft-prevention systems.
Federal Reserve Chair Jerome Powell could deliver a sneak peak into the U.S. central bank's efforts to revamp its approach to monetary policy next Thursday when he addresses the Kansas City Fed's annual central banking conference.
Goodyear Tire Chief Executive Rich Kramer said on Thursday the company had clarified its policy to make clear employees can wear apparel expressing support for law enforcement after it faced a boycott call from U.S. President Donald Trump.
A California appeals court on Thursday halted a court order that would have forced Uber Technologies Inc and Lyft Inc to treat their drivers as employees, rather than independent contractors beginning Friday.
Thomson Reuters Stocks Buzz analyst Terence Gabriel is concerned that the rally that took the S&P 500 to a new high may not be sustainable. He tells Reuters' Fred Katayama that the S&P's momentum has not been confirmed by other indices such as the Dow and Russell 2000.
American Airlines said Thursday it plans to suspend flights to 15 U.S. airports in October as travel demand remains low as a result of the coronavirus pandemic. Conway G. Gittens reports.
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