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Wirecard revamps management board amid probes

Wirecard on Friday reshuffled its management board, including the appointment of a new compliance officer, as the payments system provider faces multiple regulatory probes into financial disclosure.



5 years ago

U.S., China trade officials press ahead with 'Phase 1' deal as Trump mulls termination

Top U.S. and Chinese trade representatives played down deep differences over the economic wreckage of the coronavirus pandemic and said they would press ahead with implementing their "Phase 1" trade deal after an overnight phone call.



5 years ago

As pandemic rages, anything goes for bitcoin's third 'halving'

Bitcoin is about to undergo a scheduled technical adjustment as the number of new coins awarded the computer wizards who "mine" the cryptocurrency will be cut in half, but forecasting which way its price will move afterward is more complicated now.



5 years ago

Wall St. climbs 1% as historic job losses fewer than feared

Major U.S. stock indexes climbed on Friday and were on track to log solid gains for the week after data showing historic job losses from the coronavirus crisis were slightly fewer than feared.



5 years ago

Unemployment just hit 14.7% yet the market is way up. Please explain!

How to understand what's going on when the jobless rate is surging and so are stock prices. Unemployment's up and so is the stock market. Why?

5 years ago

With $73 million CAD, Symend closes one of the largest Series B rounds in recent Alberta history

Betakit | Meagan Simpson | May 7, 2020 Calgary-based Symend has raised a $73 million CAD ($52 million USD) Series B round of funding for its customer engagement platform designed to better connect with financially at-risk customers. The round includes $47 million USD in equity and $5 million USD in term financing from Silicon Valley

5 years ago

Chipotle secures $600 million credit line amid coronavirus crisis

Chipotle Mexican Grill Inc has secured a new year-long $600 million revolving credit line, a regulatory filing showed https://bit.ly/2SOtm6L on Friday, as the restaurant chain looks to deal with the fallout from the COVID-19 pandemic.



5 years ago

Wall Street jumps as historic job losses fewer than feared

Major U.S. stock indexes jumped on Friday and logged solid gains for the week after data on historic job losses due to the coronavirus crisis showed they were slightly fewer than feared.



5 years ago

California country official says no 'green light' for Tesla's planned factory reopening

Tesla Inc has not been given permission to resume operations at its vehicle factory in the San Francisco Bay area as local lockdown measures to curb the spread of the coronavirus remain in effect, a county health official said on Friday.



5 years ago

IRS sets May 13 deadline to submit direct deposit information for stimulus checks

If you want to get your $1,200 stimulus check more quickly, you need to make sure the government has your bank account information on file. But time is running out. You now have until noon on May 13 to enter that data.

5 years ago

Trump 'torn' over U.S.-China trade deal as officials push to fulfill its terms

U.S. President Donald Trump said on Friday he was "very torn" about whether to end the so-called Phase 1 U.S.-China trade deal, just hours after top trade officials from both countries pledged to press ahead with implementing it despite coronavirus economic wreckage.



5 years ago

Southwest to raise $815 million through sale and leaseback of 20 planes

Southwest Airlines Co will sell and lease back 20 planes for gross proceeds of about $815 million, the company said in a regulatory filing on Friday.



5 years ago

California county says Tesla may not reopen vehicle factory, stifling Musk's plans

Tesla Inc "must not reopen" its vehicle factory in the San Francisco Bay area as local lockdown measures to curb the spread of the coronavirus remain in effect, the local county health department said on Friday.



5 years ago

Explainer: Fed funds futures market sees negative rates by next April

The fed funds futures market is pricing in negative U.S. interest rates next year, a scenario the Federal Reserve has said it wants to avoid as many doubt that it would be an effective tool to stimulate growth.



5 years ago

U.S. small business rescue program ignored Congress: watchdog

The U.S. government's $660 billion program to rescue small businesses hit by the coronavirus pandemic thwarts the intention of Congress by making it hard for some borrowers to convert loans to grants and failing to prioritize the right businesses, a government watchdog said on Friday.



5 years ago