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As Coronavirus Sinks Global Demand, China's Exporters Go Online to Tap Domestic Market
An official China manufacturing survey this week suggested any recovery is months away, with export orders in May shrinking for the fifth straight month.
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Stocks surge on strong jobs report
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. Fred Katayama reports.
Biden knocks Trump's jobs report victory lap
President Donald Trump took a victory lap and Wall Street jumped significantly higher in Friday trading after huge job gains in May but former Vice President Joe Biden focused on the millions of Americans who remain out of work. Conway G. Gittens has the story.
Wall Street looks for more positive surprises: wealth manager
The Bahnsen Group's David Bahnsen tells Reuters' Fred Katayama that May's astonishingly strong jobs report has left some investors wondering whether they were too pessimistic about the prospects for an economic recovery.
LVMH backs down on renegotiating Tiffany deal
French luxury goods giant LVMH is not asking to renegotiate its $16.2-billion acquisition of U.S. jewelry chain Tiffany after deliberating whether to do so, people familiar with the matter said on Friday. Fred Katayama reports.
Shops to shipping lines: slower deliveries please
Global container lines have slowed down their ships, partly to save fuel costs, and partly to help retail customers who don't want stock they can no longer sell. Julian Satterthwaite reports.
Coronavirus frustrates Saudi women's push for financial independence
Some Saudi women were just starting their career in the tourism industry when Saudi Arabia was hit by the Coronavirus pandemic. For them, the downturn is particularly damaging because it struck just as their efforts to enter the workforce and gain greater financial independence were gaining traction. Ciara Lee reports
Job market stages stellar comeback in May
The U.S. economy unexpectedly added 2.5 million jobs in May and the unemployment rate dropped to 13.3 percent as the labor market came roaring back. Conway G. Gittens has more.