Wall Street closed lower on Thursday after making a u-turn toward the end of the session as reports emerged about U.S. President-elect Joe Biden's pandemic aid proposal following earlier data that showed a weakening labor market.
A proposed $1.9 trillion coronavirus relief stimulus package from President-elect Joe Biden may prove a double-edged sword for investors, sustaining optimism for further economic revival while raising worries over how the United States will pay for it all.
U.S. stocks ended lower on Thursday after the Dow and Nasdaq hit record highs earlier in the session as investors focused on U.S. President-elect Joe Biden's pandemic aid proposal, while the U.S. dollar weakened.
Airbnb Chief Executive Officer Brian Chesky on Thursday predicted travel would permanently change due to the pandemic with people seeking out thousands of smaller cities and spending more time visiting friends and family.
Oil prices edged higher on Thursday, boosted by a weak dollar and bullish signals from Chinese import data but pressured by renewed worries about global oil demand due to surging coronavirus cases in Europe and new lockdowns in China.
President-elect Joe Biden will unveil a stimulus proposal on Thursday designed to jump-start the economy during the coronavirus pandemic and help minority communities with around $1.9 trillion in aid.
France on Thursday took a tough line against any takeover of retailer Carrefour by a foreign company, dealing a major blow to a near $20 billion bid approach by Canada's Alimentation Couche-Tard.
Fast-casual U.S. chain Chipotle Mexican Grill Inc and Dutch delivery company Just Eat Takeaway.com predicted a return to more normal levels of dining out by spring or summer of 2021, they said on Thursday.
President Donald Trump on Thursday issued a proclamation to extend measures meant to safeguard U.S. producers of large residential washers from import competition.
U.S. President-elect Joe Biden is expected on Thursday to unveil a $1.9 trillion spending package to combat coronavirus and its impact on the economy, the New York Times reported, citing two people familiar with the plans.
Jettisoning the current CEO Bob Swan added $15 bln to the chipmaker's value. New boss Pat Gelsinger has the engineering expertise the firm needs to fix manufacturing problems. But Robert Cyran explains why he will have to move fast as rivals try to take advantage of Intel's troubles.
Delta Air Lines CEO Ed Bastian expects 2021 to be "the year of recovery" after the coronavirus pandemic cut operating revenue by 64% and prompted its first annual loss in 11 years. Fred Katayama reports.
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