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TODAY

U.S. stock market falls on plunging retail sales; oil up

Reuters: Top News / 20min

U.S. stocks sank on Friday after data showed a worse-than-expected drop in retail sales and as investors worried about increased Sino-U.S. trade hostilities, while signs of a pick-up in demand helped boost oil prices.

Fearing second wave, China's Wuhan ramps up coronavirus tests

Reuters: Top News / 25min

Authorities in Wuhan have tested over 3 million residents for the coronavirus in April and May and aim to test all of the rest, state media said, as the city at the epicentre of the original outbreak faces the threat of a second wave of infections.

Coronavirus sinks U.S. retail sales again in April

Reuters: Top News / 48min

U.S. retail sales endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the Great Depression.

U.S. moves to cut Huawei off from global chip suppliers

TSMC Arizona US China

Reuters: Top News / 57min

The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action ramping up tensions with China.

UK, EU urge each other to give ground in trade talks or risk no deal

Reuters: Top News / 1h

By Gabriela Baczynska, Guy Faulconbridge and Andrew MacAskill

Wall Street eyes weak open as trade war fears add to virus woes

Reuters: Top News / 1h

Wall Street's main indexes were set to open lower on Friday after the Trump administration's move to block semiconductor shipments to China's Huawei Technologies ratcheted up fears of trade hostilities between Washington and Beijing.

Fearing second infection wave, China's Wuhan ramps up virus tests

Reuters: Top News / 1h

Authorities in Wuhan have tested over 3 million residents for the coronavirus in April and May and aim to test all of the rest, state media said, as the city at the epicentre of the original outbreak faces a threatened second wave of infections.

Futures extend losses after retail sales worse than feared

Reuters: Top News / 1h

U.S. stocks futures extended declines slightly on Friday after data showed retail sales plunged much more than expected in April, underscoring the deep economic slump caused by the coronavirus pandemic.

Coronavirus savages U.S. retail sales again in April

Reuters: Top News / 1h

U.S. retail sales endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the Great Depression.

World stocks edge up, oil prices highest in over a month

Reuters: Top News / 1h

World stocks edged up on Friday and oil prices rallied more than 2%, lifting sentiment after a week pressured by deteriorating U.S.-China relations.

Britain remains optimistic about EU trade deal: official

Reuters: Top News / 1h

A senior British official involved in the negotiations with the European Union about a trade deal said on Friday he remains optimistic about the chances of a deal being reached although significant differences remain.

Blink or no Brexit deal, both UK and EU tell each other

Reuters: Top News / 1h

Britain and the European Union traded threats on Friday over a Brexit free trade deal, warning that unless the other side gave ground there would be no deal - a scenario that would convulse global trade as the world aims to exit the coronavirus lockdown.

EU's Barnier says trade talks with Britain 'disappointing'

Reuters: Top News / 2h

The European Union's Brexit negotiator Michel Barnier said on Friday that the third round of talks with Britain on a new partnership was "disappointing".

Exclusive: Nissan sees bigger role for U.S., China markets in global car sales - sources

Reuters: Top News / 2h

Nissan Motor Co expects equal contributions to global car sales from China, the United States and elsewhere in coming years as the struggling Japanese carmaker strategises to recover profitability, two people with knowledge of the issue said.

Futures fall as China trade war fears add to coronavirus woes

Reuters: Top News / 2h

U.S. stock index futures slipped on Friday after the Trump administration moved to block shipments of semiconductors to China's Huawei Technologies from global chipmakers, a move that could ramp up trade tensions between Washington and Beijing.

Futures fall on U.S. plan to cut Huawei off from global chip suppliers

Reuters: Top News / 2h

U.S. stock index futures turned lower on Friday as the Trump administration moved to block shipments of semiconductors to China's Huawei Technologies from global chipmakers, an action that could ramp up trade tensions between Washington and Beijing.

World stocks win a respite, oil prices highest in over a month

Reuters: Top News / 2h

World stocks edged higher on Friday and oil prices rallied more than 2%, as sentiment revived after a week pressured by deteriorating U.S.-China relations.

U.S. companies discover the dark side of a COVID-19 business boom

Reuters: Top News / 2h

Kevin Kelly has discovered the many ways a deadly pandemic can be both a boom and a burden on some U.S. businesses.

Factbox: Shopping list to keep workers safe during COVID-19 pandemic

Reuters: Top News / 2h

Many U.S. manufacturers have a long shopping list of items needed to keep workers safe amid the pandemic.

U.S. employers wary of coronavirus 'immunity' tests as they move to reopen

Reuters: Top News / 2h

U.S. employers have cooled to the idea of testing workers for possible immunity to the coronavirus as they prepare to reopen factories and other workplaces.

Exclusive: Review contradicts Boris Johnson on claims he ordered early lockdown at UK care homes

Reuters: Top News / 3h

Prime Minister Boris Johnson told Britain's parliament on Wednesday that his government moved swiftly to protect the country's vulnerable care homes. Under increasing pressure to defend his record on fighting Covid-19, he said: "We brought in the lockdown in care homes ahead of the general lockdown."

Futures edge higher on China industrial data

Reuters: Top News / 3h

U.S. stock index futures rose on Friday as better-than-expected industrial data from China raised hopes of an eventual economic recovery from coronavirus-related lockdowns.

Exclusive: U.S. moves to cut Huawei off from global chip suppliers

TSMC Arizona US China

Reuters: Top News / 3h

The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action that could ramp up tensions with China.

Hawaii plans to extend stay-at-home measures, travel quarantine until end of June

Reuters: Top News / 3h

Hawaii is likely to keep its coronavirus stay-at-home measures in place until the end of June and will also discourage tourists from visiting, state Governor David Ige said.

Special Report: Caught in Trump-China feud, WHO leader under siege

Reuters: Top News / 3h

When the head of the World Health Organization returned from a whirlwind trip to Beijing in late January, he wanted to praise China’s leadership publicly for its initial response to the new coronavirus. Several advisers suggested he tone the message down, according to a person familiar with the discussions.

U.S. food aid program launches with companies scrambling to deliver

Reuters: Top News / 4h

Texas-based CRE8AD8 LLC bid for a federal government contract to quickly rescue food from struggling farmers and deliver it to U.S. food banks as fallout from the coronavirus pandemic has put millions of Americans out of work and driven many to seek help putting food on the table.

U.S. House aims to pass $3 trillion Democratic coronavirus bill rejected by Republicans

Reuters: Top News / 4h

The U.S. House of Representatives is set on Friday to debate and vote on a $3 trillion Democratic bill aimed at salving the heavy human and economic toll of the coronavirus pandemic that has caused almost 85,000 U.S. deaths and shut much of the economy.

In Pennsylvania, signs that Trump's attacks on mail voting could backfire

Reuters: Top News / 4h

With Pennsylvania's June 2 presidential primary fast approaching, local Republican leader Mark Hrutkay took to Facebook to remind supporters they have the option to vote by mail as coronavirus sweeps th