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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.
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.
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.
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.
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