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The latest business and financial news from around the 🌍 with insights from @breakingviews . Our new daily podcast is here:
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McDonald’s global sales and profit surged past Wall Street expectations with customers lapping up a new chicken sandwich and a wildly popular celebrity meal inspired by South Korean pop band BTS
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Over 500 kg of cocaine found in coffee delivery for Nespresso
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Ranging from warehouse staff to delivery drivers, Amazon plans to hire 75,000 more people as the coronavirus epidemic keeps Americans locked in their homes and demand for online orders surges
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JUST IN: House approves resolution killing SEC requirement for oil, gas, mining companies to disclose payments to foreign governments
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Die-hard fans of K-pop sensation
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South Korean boy investor with 43% gains is new retail trading icon
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Judge rules for Elon Musk in $13 bln lawsuit over Tesla-SolarCity deal
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BREAKING: Britain's FTSE 100 index recovers all losses from Brexit
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In Poland, where coal is king, dozens are lining up at the Lubelski Wegiel Bogdanka coal mine, waiting for days and nights to stock up on heating fuel. Read more:
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EXCLUSIVE: Tesla has signed preliminary agreement with Tianjin Lishen to supply batteries to Shanghai factory - sources
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JUST IN: Twitter to give congressional committees an analysis of Russian activity similar to the one Facebook provided: Senator Warner
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JUST IN: Walt Disney shares down 2.5 percent after ABC cancels 'Roseanne' show $DIS
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WATCH: Germany, the United States, France, Canada, Italy, Great Britain and the European Commission agreed to cut Russia out of the SWIFT global payment system and include limiting the ability of Russia's central bank to support the rouble
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The high-flying shares of Apple and Tesla rose further, as investors jumped at the opportunity to own shares at more affordable prices after the companies split their stock
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Florida pulls $2 bln from BlackRock in largest anti-ESG divestment
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Companies often shy away from politics, but for Nike, it’s a risk worth taking via
@Breakingviews
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BREAKING: Investor Bill Ackman says Trump will attract the best and brightest to help him grow the country
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JUST IN: Dow, S&P 500 and Nasdaq set record closing highs.
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Chinese President Xi Jinping promises to lower tariffs, broaden market access amid trade dispute with U.S. via
@ReutersTV
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Apple CEO Tim Cook said at a White House forum that nearly 50 percent of the people the company hired in the United States last year did not have a four-year degree
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BREAKING: Secretary of State Tillerson has recused himself from issues related to Keystone pipeline - State Department
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U.S. says China 'bullying' UK, cites HSBC Hong Kong-related accounts
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Developing countries are allowing some key industries to restart in order to safeguard jobs and avert an economic collapse because of the coronavirus outbreak
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BREAKING: Ford canceling new $1.6 billion plant in Mexico; will instead invest $700 million in Michigan plant
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Actor and comedian Ricky Gervais learned his financial
#LifeLessons
growing up poor in the UK
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JUST IN: Johnson & Johnson shares down 3.7 percent after
@Reuters
reports company knew for decades about asbestos in its Baby Powder
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Sanders to offer Puerto Rico debt bill that would protect pensioners
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JUST IN: Shares of Tomahawk cruise missile maker Raytheon up 2.1 percent in premarket trade after U.S. missile strike in Syria.
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PayPal joins the cryptocurrency market, allowing customers to buy, sell and hold virtual coins including bitcoin using the company’s online wallets.
@annairrera
reports
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U.S. targets Chinese individuals, firms amid South China Sea dispute
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Hong Kong store owner rejects call to remove protest statue
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British Airways, the world’s largest operator of Boeing 747, retires entire fleet of jumbo jets with immediate effect due to the downturn in travel industry caused by the coronavirus pandemic $BA
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Trump administration says Sinochem and others backed by Chinese military
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Over 500 kg of cocaine found in coffee delivery for Nespresso
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More than half of Nike’s sales come from outside the United States. Therefore, the potential hit from the Kaepernick ad is likely to be limited via
@Breakingviews
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Disney deal set to value Fox at more than $75 billion: source
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Canada drops free trade talks with China: The Globe and Mail
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PayPal to research blocking transactions that fund hate groups, extremists
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EXCLUSIVE Ripple Labs 'interested' in bankrupt crypto lender Celsius' assets - spokesperson
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This cut-off from Elon Musk cost Tesla over $2 billion in market capitalization $TSLA
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UK looks at impact of U.S. sanctions on Huawei cooperation
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JUST IN: U.S. securities regulator to tell lawmakers he's 'open' to federal regulation for virtual currencies - testimony
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BREAKING: SEC charges boxer Floyd Mayweather Jr., music producer DJ Khaled over initial coin offerings; says it charges them with failing to disclose payments they received for promoting investments in ICOs
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Rubio unveils bill to kick blacklisted Chinese firms out of U.S. markets
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Singapore’s biggest wireless network operators pick Nokia and Ericsson over Huawei to build main
#5G
networks
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BREAKING: Morgan Stanley has begun moving 2,000 investment banking staff from London to Dublin or Frankfurt: report
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Nike is wading into politics proactively because it can afford to be different, writes
@TheRealLSL
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Elon Musk says he was joking about buying Manchester United
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U.S. stock futures and European stocks fell after President Donald Trump said he and First Lady Melania Trump had tested positive for the coronavirus. Here are some analysts’ comments 1/5
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Millions of Americans lose jobless benefits as Trump refuses to sign aid bill
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#Bitcoin
rose to a three-year high of $18,600 and close to its all-time high of just under $20,000
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JUST IN: Dow Jones drops more than 300 points on turmoil in Washington
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BREAKING: Starbucks to close all company-owned stores in U.S. on afternoon of May 29 to conduct racial-bias education
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Roblox founder's pay jumps to $233 million on long-term stock awards
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JUST IN: Amazon raises minimum wage to $15 for all U.S. employees, including full-time, part-time, temporary and seasonal.
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BREAKING: Twitter says it will ban most advertising of cryptocurrencies on its platform $TWTR
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Three U.S. lawmakers asked Zoom to clarify its data-collection practices and relationship with the Chinese government after the firm said it had suspended user accounts to meet demands from Beijing
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Hong Kong store owner rejects call to remove protest statue
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Apple announced the reopening of all its branded stores in China that were shut last month due to the
#coronavirus
outbreak. Follow for live updates:
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EXCLUSIVE: China has temporarily blocked planned cross-border listings between the Shanghai and London stock exchanges because of political tensions with Britain. More here: by
@julie_zhuli
@abhinavvr
and Jonathan Saul
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#Bitcoin
has grabbed headlines with its ascent to an all-time high.
Yet, under the radar, a trend has been playing out that could change the face of the
#cryptocurrency
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R&B star Akon enters Congo mining sector in JV with state company
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JUST IN: Sinclair Broadcast says it will pay special $1,000 bonus to almost 9,000 full- and part-time employees due to tax reform
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'Funding secured.' Elon Musk says he is considering taking Tesla private in what would be the largest deal of its type
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JUST IN: Mexico foreign minister says if U.S. imposes tariff on Mexican imports, would probably respond with selective tariff
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Free beer! German brewery gives away beverages it can't sell
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BREAKING: Amazon to buy Whole Foods for $13.7 billion cash
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Messi signs $20 million deal to promote crypto fan token firm Socios
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Apple is now the first $1 trillion publicly listed U.S. company.
@randewich
examines its transformation from a niche player in personal computers into a global powerhouse:
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BREAKING: Trump says he is going to cut taxes massively for middle class and companies
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SpaceX accepts dogecoin as payment to launch a lunar mission next year
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JUST IN: Trump administration asks Congress for $4.9 billion loan to help Puerto Rico with short-term liquidity issues - official
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Trump signs bill that could kick Chinese firms off U.S. stock exchanges unless they adhere to American auditing standards
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JUST IN: Federal judge in New York rules the structure of Consumer Financial Protection Bureau is unconstitutional
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Hong Kong government freezes assets of media tycoon Jimmy Lai
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BREAKING: Russian man arrested in Greece connected to BTC-e cryptocurrency exchange - sources
#ReutersFintech
#fintech
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Exclusive: Accounting and consulting firm PwC will allow all of its 40,000 U.S. client services employees to work virtually and live anywhere they want, making it one of the biggest employers to embrace permanent remote work
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Tesla stops taking bitcoin for vehicle purchases, CEO Elon Musk tweets, citing concerns about use of fossil fuel for mining the cryptocurrency $TSLA
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Prince Harry named chief impact officer at mental health company
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Hong Kong freezes listed shares of media tycoon Lai under security law
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Former drug company executive Martin Shkreli must forfeit $7.36 million in assets following securities fraud conviction, including rare Wu-Tang Clan album, Picasso painting - court order
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Hyundai will suspend production in South Korea as a virus outbreak in China has disrupted supplies of auto parts
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UK calls for reset with EU and 'refinement' of Brexit deal
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WATCH: Joe Lewis, the British billionaire and owner of the Tottenham Hotspur soccer team, has been criminally charged in New York for orchestrating a ‘brazen’ insider trading scheme
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BREAKING: U.S. Army Corps of Engineers to grant easement for Dakota Access Pipeline - court filing
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Welcome to the
#ReutersBenefits
Twitter chat! For the next hour we will discuss open enrollment with a group of benefits experts.
Follow along here 👉
And tweet your questions using
#ReutersBenefits
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JUST IN: U.S. stocks fall after WSJ report that Special Counsel Mueller is impaneling a grand jury in Russia probe
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Germany aims to get 100% of energy from renewable sources by 2035
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The Greek island of Astypalea received its first electric cars from Volkswagen in an experiment to turn the entire island’s transportation green. Read more here:
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BREAKING: Mexico's central bank announces news conference this morning after peso hits lowest levels in history.
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Disney announced an aggressive expansion of the Marvel and Star Wars franchises on its Disney+ streaming service, which now has 86.8 million subscribers
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The Ukrainian airliner that crashed in Iran with no survivors suffered a technical malfunction and wasn't brought down by a missile, five Western security sources told Reuters. More here:
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'I'm not a cat': YouTube streamer known as Roaring Kitty clarifies a few things he is not, including an institutional investor, during the GameStop hearing. Watch live:
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U.S. Senate overcomes first hurdle to overriding Trump defense veto
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BREAKING: Netflix says Barack and Michelle Obama have entered into a multi-year agreement to produce films and series with the company $NFLX
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Real-life 'Iron Man' secures jet suit patent. See more video news:
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