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Updated: 15 min 27 sec ago

Wells Fargo investment adviser to sell feeder fund platform to iCapital

Thu, 06/18/2020 - 8:09am
Wells Fargo & Co said on Thursday its investment adviser Wells Fargo Investment Institute will sell its feeder fund platform to fintech firm iCapital Network for an undisclosed amount.

Dollar and yen supported by fears of new pandemic wave; Norway's crown shines

Thu, 06/18/2020 - 7:52am
The U.S. dollar and Japanese yen held their positions on Thursday as concerns about a rise in new coronavirus cases underpinned demand for safe-haven currencies, while the Norwegian crown was a star performer.

Mother's Day sales uptick doesn't cover coronavirus downturn, Washington D.C. florist says

Thu, 06/18/2020 - 7:32am
Mother's Day during the coronavirus pandemic meant an uptick in sales for Lee's Flower and Card Shop in Washington, D.C.

Futures drift lower ahead of jobless claims data

Thu, 06/18/2020 - 7:22am
Futures tracking the S&P 500 and Dow indexes edged lower on Thursday as caution over an uptick in COVID-19 infections in parts of the United States and China weighed on the mood ahead of a weekly jobless claims report.

Amazon to hire 3,000 people in South Africa for customer service roles

Thu, 06/18/2020 - 6:44am Inc is hiring 3,000 people in South Africa this year to provide support to customers in North America and Europe, it said on Thursday.

Ford to offer hands-free driving in 2021 - six years after Tesla

Thu, 06/18/2020 - 6:40am
Ford Motor Co said on Thursday that it will offer hands-free driving on its new Mustang Mach-E in fall 2021, six years after Tesla Inc and four years after General Motors Co introduced similar systems.

Exclusive: EU in advanced talks with Johnson & Johnson on COVID-19 vaccine deal - sources

Thu, 06/18/2020 - 6:34am
The European Commission is in advanced talks with pharmaceutical giant Johnson & Johnson to reserve or buy up-front doses of its COVID-19 vaccine under development, two officials familiar with the talks told Reuters.

KKR to buy Dutch vacation park operator Roompot

Thu, 06/18/2020 - 6:27am
U.S. private equity firm KKR said on Thursday it had reached an agreement to buy Dutch vacation parks firm Roompot for an undisclosed sum.

U.S. Chamber urges China to accelerate purchases of U.S. goods

Thu, 06/18/2020 - 6:06am
The U.S. Chamber of Commerce on Thursday underscored the importance of functional U.S.-China ties and urged Beijing to step up its purchases of U.S. goods and services as agreed under a Phase 1 trade deal despite delays caused by the coronavirus.

Automakers rev up U.S. assembly lines, wary of outside risks to workers

Thu, 06/18/2020 - 6:03am
Automakers are speeding up U.S. assembly lines to meet recovering demand, increasingly confident coronavirus safety protocols are working to prevent outbreaks in their plants but wary of the challenges workers face outside.

JPMorgan gets China's nod for first fully foreign-owned futures business

Thu, 06/18/2020 - 5:50am
China on Thursday approved JPMorgan's application to operate the first fully foreign-owned futures business, as the world's second-largest economy pushes ahead with opening its multi-trillion-dollar financial market.

Sharp learning curve for bosses as WFH goes global

Thu, 06/18/2020 - 5:15am
Two weeks into the coronavirus lockdown and Sergei Holmeckis, a boss at Deutsche Telekom's Czech operations in the city of Brno, was frustrated with staff video calls. His team didn't like turning on their cameras and the discussion was stilted.

Oil prices tick up amid mixed signals from U.S. data

Thu, 06/18/2020 - 4:56am
Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and their allies to discuss their future output strategy.

Stocks drift as second wave virus fears mount

Thu, 06/18/2020 - 4:18am
Global stocks drifted on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic.

PepsiCo drops Aunt Jemima branding; Uncle Ben's, others under review

Thu, 06/18/2020 - 4:17am
PepsiCo Inc said on Wednesday it will change the name and brand image of its Aunt Jemima pancake mix and syrup which have been criticized as racist amid a national debate over racial inequality in the United States.

Oil prices stable ahead of OPEC+ meeting

Thu, 06/18/2020 - 3:47am
Oil prices were broadly stable on Thursday as Brent erased losses in early European trading ahead of a meeting of OPEC members and their allies against the backdrop of demand concerns over new coronavirus cases in China and elsewhere.

Coronavirus second wave fears boost yen; Aussie dollar falls after data

Thu, 06/18/2020 - 3:47am
The Japanese yen strengthened slightly on Thursday as growing concerns about a rise in new coronavirus cases underpinned safe-haven demand for the currency, while the U.S. dollar was little changed versus the euro.

Oil prices fall as coronavirus case surge heightens demand fears

Thu, 06/18/2020 - 2:44am
Oil prices slipped on Thursday on concerns that a spike in new coronavirus cases in China and the United States could dampen a recovery in fuel demand, even as lockdowns ease.

Global stocks retreat as investors fret over coronavirus relapse

Thu, 06/18/2020 - 2:23am
Asian stocks and Wall Street futures fell on Thursday as spiking coronavirus cases in some U.S. states and in China dented hopes of a quick global economic comeback from the pandemic.

Dollar and yen hold advantage as risk aversion grows

Thu, 06/18/2020 - 1:46am
The dollar and the yen edged higher on Thursday as growing concerns about a rise in coronavirus cases underpinned safe-haven demand for both currencies.