U.S. stock index futures rose on Friday as signs of improving relations between the United States and China boosted sentiment ahead of a key jobs report that is likely to show a historic surge in unemployment due to coronavirus-induced lockdowns.
Siemens stock surged on Friday after the German engineering company said it was speeding up cost savings to tackle the coronavirus downturn and the flotation of its energy business remained on track.
A rally in bitcoin led the cryptocurrency market higher ahead of a major technical event for the digital coin and as industry participants report an increased interest from institutional investors.
The U.S. Postal Service's Board of Governors meets on Friday at a critical juncture as it faces accusations from the White House that it charges package shippers such as Amazon.com too little and as the new coronavirus cuts its revenue by about $13 billion.
Turkish prosecutors have prepared an indictment charging seven people, including four pilots, over former Nissan boss Carlos Ghosn's escape via Istanbul to Lebanon after fleeing Japan, a lawyer for one of the suspects said on Friday.
Global shares rallied on Friday, hitting weekly highs, on signs of improving Sino-American relations and the prospect of more governments gradually reopening their economies.
Tesla Inc plans to reopen its sole U.S. car plant in Fremont, California as soon as Friday, Bloomberg reported on Friday, citing an email from the company to its staff.
Tesla Inc is aiming to restart production in its U.S. car plant in Fremont, California on Friday afternoon, according to an email sent by Chief Executive Officer Elon Musk to staff.
The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.
German flagship carrier Lufthansa on Friday said it would start flying 80 more of its aircraft again in June, including to serve tourism destinations after the company grounded much of its vast fleet due to the coronavirus pandemic.
China's exports rebound has been quickly overshadowed by dire predictions of Trade War II between the world's two biggest economies.
Even before the pandemic, affordable child care was a struggle for most. Now parents are squeezed by a near-complete lack of help, with daycare centers, schools and probably summer camps closed.
The most Americans in history lost their job in April, but markets are moving higher. Here's why.
The U.S. economy's record run of job growth and historically low unemployment has been stopped in its tracks by the fight against the coronavirus pandemic: joblessness hit 14.7% in April, and even if it starts to fall in coming weeks there will be scars.
The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.