European stocks rose on Friday, but gains were tempered by a record rise in coronavirus cases in the US Earnings for German business software group SAP SE boosted the index, while Swedish retailer Hennes & Mauritz AB pulled in the other direction after reporting weak sales. The Stoxx Europe 600 …
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Text size Justin Sullivan / Getty Images Macy’s said Thursday it planned to fire at least 3,900 workers in an effort to cut costs. The troubled retailer says the job cuts are part of a restructuring that it hopes to save $ 365 million in costs this year and $ …
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The Federal Reserve requires banks to resubmit their capital return plans in light of the tensions the coronavirus places on the financial system. Olivier Douliery / AFP / Getty Images Text size The banks’ shares sank in the post-market, after the Federal Reserve took a tougher-than-expected stance on payments to …
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Shoppers, some with PPE (personal protective equipment), of a face mask or cover as a precaution against COVID-19, queue to enter a recently reopened Nike store at Gunwharf Keys Shopping Center in Portsmouth, southern England , on June 16. 2020. Adrian Dennis | AFP | fake pictures Even Nike, often …
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As the stock market rotates between positive and negative territory, Rite Aid (RAD) – Get report the shares were firmly in the green. The stock rose 20% on Thursday after its quarterly results. Rite Aid is reaching its highest price since the end of April, and at one point rose …
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