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Exclusive: Buyout firm Sycamore Partners in talks to buy J.C. Penney - sources

Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc out of bankruptcy should the U.S. department store chain's negotiations with its creditors fail, three people familiar with the matter said on Friday.


Saturday, June 6, 2020
Wall Street Week Ahead: Bond investors look for Fed to justify steepening yield curve

Expectations that the global economy has dodged the worst-case coronavirus pandemic scenarios have led to a dramatic sell-off in U.S. government bonds from their record highs, pushing the yield curve to its steepest level since March.


Friday, June 5, 2020
Facebook's Zuckerberg promises a review of content policies after backlash

Facebook CEO Mark Zuckerberg on Friday said he would consider changes to the policy that led the company to leave up controversial posts by President Donald Trump during recent demonstrations protesting the death of an unarmed black man while in police custody, a partial concession to critics.


Friday, June 5, 2020
Explainer: May's jobs report stunner: real deal or head fake?

The U.S. economy unexpectedly added jobs in May, surprising economists and analysts who had forecast millions more losing their livelihoods, and raising hopes of a faster economic recovery than expected.


Friday, June 5, 2020
Tech drives Nasdaq to all-time high as signs of recovery emerge from coronavirus pandemic

The heavyweight technology and growth stocks that drove Wall Street higher in recent years are again fueling a surge that has taken the Nasdaq from a brutal selloff to an intraday record high in just 11 weeks, as investors look beyond the economic upheaval caused by the coronavirus.


Friday, June 5, 2020
Trump administration orders Marriott to cease Cuba hotel business

The Trump administration has ordered Marriott International to wind down hotel operations in Communist-run Cuba, a company spokeswoman told Reuters, extinguishing what had been a symbol of the U.S.-Cuban detente.


Friday, June 5, 2020
U.S. will allow Chinese passenger carriers two flights per week

The United States will permit Chinese passenger air carriers to operate two flights per week after Beijing said it would ease coronavirus-related restrictions to allow in more foreign carriers, the U.S. Transportation Department said on Friday.


Friday, June 5, 2020
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