Tesla’s Elon Musk calls for breakup of Amazon in tweet

(Reuters) – Telsa Inc Chief Executive Elon Musk on Thursday called for Amazon.com Inc to be broken up. “Time to break up Amazon. Monopolies are wrong!” Musk tweeted two days after saying he was taking a break from the social…

‘Stay at home stock’ Slack Technologies dips ahead of report

(Reuters) – Shares of Slack Technologies (WORK.N) dipped 3% on Thursday ahead of the workplace communication platform’s quarterly report, pausing a three-month rally fueled by millions of people working from home due to the coronavirus. A top pick among traders…

Explainer: No one really knows how many Americans need unemployment benefits

(Reuters) – Another 1.9 million people filed for unemployment benefits for the first time last week, according to data released by the Labor Department on Thursday, marking 11 straight weeks in which millions of Americans have filed claims for jobless…

Volkswagen resumes deliveries of Golf 8 after software fix

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) is resuming deliveries of its Golf 8 model after fixing a software glitch, a spokesman said on Thursday. The German automaker halted deliveries of the popular model last month after discovering the problem in the…

Wall Street Week Ahead: Bond investors look for Fed to justify steepening yield curve

NEW YORK (Reuters) – Expectations that the global economy has dodged the worst-case scenarios for the coronavirus pandemic have led to a dramatic selloff in U.S. government bonds from their record highs, pushing the yield curve to its steepest level…

U.S. to revise Chinese passenger airline ban after Beijing move: sources

WASHINGTON (Reuters) – The U.S. Transportation Department plans to issue a revised order in the coming days that is likely to allow some Chinese passenger airline flights to continue, government and airline officials said. On Thursday, China said it would…

U.S. to revise Chinese passenger airline ban after Beijing move

WASHINGTON (Reuters) – The U.S. Transportation Department plans to issue a revised order in the coming days that is likely to allow some Chinese passenger airline flights to continue, government and airline officials said. On Thursday, China said it would…

U.S. to revise Chinese passenger airline ban: sources

WASHINGTON (Reuters) – The U.S. Transportation Department plans to issue a revised order in the coming days that is likely to allow some Chinese passenger airline flights to continue, government and airline officials said. On Thursday, China said it would…

Trump to give agencies power to fast-track big infrastructure projects, sources say

WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday is expected to sign an executive order that would give federal agencies emergency powers to fast-track major energy and other infrastructure projects by overriding environmental permitting requirements, two sources familiar with…

Exclusive: Pompeo to urge stock exchanges globally to tighten rules for Chinese companies

WASHINGTON (Reuters) – U.S. Secretary of State Mike Pompeo is set warn American investors on Thursday against ‘fraudulent’ accounting practices of China-based companies, and suggest the Nasdaq’s recent decision to tighten listing rules for such players should be a model…