Wall Street indexes nosedived on Thursday, on track for their worst days since early in the coronavirus pandemic as investors reassessed a stocks resurgence after the Fed issued a gloomy growth forecast and infections showed signs of upswing.
Yum Brands Inc filed a lawsuit against Grubhub Inc on Thursday for allegedly violating terms of its food delivery partnership, a day after Europe's Just Eat Takeaway.com NV agreed to buy the company for $7.3 billion.
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Alphabet Inc's Google said on Thursday it would stop allowing housing, employment and credit ads to be targeted to users based on their postal code, gender, age, parental status or marital status.
Global equity markets fell sharply on Thursday in their worst sell-off since markets crashed in March, while safe-haven assets rose after the Federal Reserve's sobering outlook cast doubt on hopes for a V-shaped recovery from the coronavirus pandemic.
Microsoft Corp on Thursday said it would await federal regulation before selling facial recognition to police departments, making it the latest big firm to back away from the surveillance business following protests against police brutality.
Facebook Inc's former chief product officer, Chris Cox, is returning to his role, according to his post https://www.facebook.com/photo.php?fbid=10105509261342903&set=a.692319249513&type=3&theater on the social media platform.
Oil prices tumbled about 8% a barrel on Thursday, fuelled by renewed concerns about demand destruction as new cases of coronavirus tick up globally, while crude inventories hit a record in the United States.
Yum Brands Inc filed a lawsuit against Grubhub Inc on Thursday for allegedly violating terms of a food delivery deal, a day after Europe's Just Eat Takeaway.com agreed to buy the U.S. food delivery platform for $7.3 billion.
The company, founded and owned by Detroit billionaire Dan Gilbert, has filed its IPO prospectus confidentially, sources said.
Taco Bell parent Yum Brands Inc sued Grubhub Inc on Thursday for allegedly violating a delivery contract, a day after Europe's Just Eat Takeaway.com agreed to buy the U.S. food delivery company for $7.3 billion.
Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve.
Alphabet Inc's Google said on Thursday it was tackling unlawful discrimination by barring housing, employment and credit ads from being targeted to its users based on their postal code, gender, age, parental status or marital status.
Air Canada Chief Executive Officer Calin Rovinescu on Thursday urged the Canadian government to relax travel restrictions as they have been hurting the company's sales, Bloomberg News reported.
The Cboe Volatility Index , known as Wall Street's "fear gauge," jumped to its highest level in more than a month on Thursday as concerns over a resurgence of the novel coronavirus pandemic felled U.S. stocks.