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Showing posts with the label Reuters Video: Business

Verdict due for Kenya pastor accused in mass child starvation deaths

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Photo: Wikimedia Commons / CC BY-SA 4.0 Kenyan preacher Paul Mackenzie, who styles himself a pastor, is awaiting judgment in a case carrying 191 murder counts — nearly every alleged victim a child. Prosecutors say he told parents to deny their children food until they died. The case has shocked Kenya and drawn international attention to the deadly toll of the alleged cult. Source: BBC World.

Trump blasts twitter fact-check, calls for tougher regulations

President Donald Trump said he will introduce legislation that may scrap or weaken a law that has long protected internet companies, including Twitter and Facebook. Gavino Garay has more. from Reuters Video: Business https://ift.tt/2AfYOV2

Stocks erase gains on Trump vs. China worries

Wall Street snapped a winning streak as stocks fell into the close on concern President Trump is prepared to further ratchet up tensions with China. Conway G. Gittens has this wrap of the day. from Reuters Video: Business https://ift.tt/3cggkFY

Facebook to permanently embrace remote work

Facebook Inc will permanently embrace remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg said on Thursday, accelerating the tech sector's geographic diversification away from its home in Silicon Valley. Freddie Joyner has more. from Reuters Video: Business https://ift.tt/2Zq7uCM

Economic hopes propel stocks to multi-month highs

The Nasdaq closed at a more than three-month high and the S&P rallied to a two-month peak as investors bet the worst of the coronavirus-induced shutdown is over as states reopen. Conway G. Gittens has all the numbers. from Reuters Video: Business https://ift.tt/2XjhI5l

Uber to require drivers and riders to wear masks

Uber Technologies, Inc. on Wednesday said it will require drivers, delivery workers and riders globally to wear a mask as countries around the world begin easing restrictions aimed at curbing the spread of the coronavirus. from Reuters Video: Business https://ift.tt/3cxfs0B

Tesla's California factory appears busy amid county shutdown orders

At Tesla's factory in Fremont, California, employee parking lots were packed with cars on Tuesday, along with workers standing in line for a food truck, amid a standoff with county officials who have ordered Tesla to remain temporarily closed. This report produced by Jillian Kitchener. from Reuters Video: Business https://ift.tt/2Z0oWxs

Fine dining in glass booths

A Dutch restaurant has come up with an idea on how to offer classy outdoor dining in the age of social distancing: small glass cabins built for two or three people, creating intimate cocoons on a public patio. Emma Jehle has more. from Reuters Video: Business https://ift.tt/2YMzYqd

Impossible Foods cashes in on meat industry slowdown

Impossible Foods CEO Pat Brown tells Reuters April sales set a new record, as the company announced on Tuesday an expansion into 1,700 stores under the Kroger supermarket chain. Gavino Garay has more. from Reuters Video: Business https://ift.tt/35LhDeF

Remdesivir to arrive at hospitals this week -Gilead CEO

Gilead Sciences CEO Daniel O'Day said on CBS' "Face the Nation" on Sunday that its antiviral medication remdesivir will be sent to coronavirus patients most in need early this week. This report produced by Yahaira Jacquez. from Reuters Video: Business https://ift.tt/35tPybs

Apple, Amazon shares dip after earnings reports

U.S. stock market leaders Apple Inc and Amazon.com reported results after the S&P 500 closed out its best month since January 1987, driven by expectations the economy will soon start recovering from crushing restrictions enacted to curb the coronavirus pandemic. This report produced by Chris Dignam. from Reuters Video: Business https://ift.tt/3cVKSO6

Wall Street caps best month in decades with a sell-off

U.S. stocks lost ground on Thursday as grim economic data and mixed earnings prompted investors to take profits at the close of the S&P 500's best month in 33 years, a remarkable run driven by expectations the economy will soon start recovering from crushing restrictions enacted to curb the coronavirus pandemic. Yahaira Jacquez reports. from Reuters Video: Business https://ift.tt/3bNUKcx

'Extraordinary shock' -Fed Chair Powell assesses economic blow

The Federal Reserve on Wednesday left interest rates near zero and repeated a vow to use its "full range of tools" to shore up the U.S. economy amid an ongoing coronavirus pandemic that will not only slam growth in the near term but pose "considerable risks" in the medium term as well. This report produced by Jillian Kitchener. from Reuters Video: Business https://ift.tt/3bP8ofF

More U.S. states ease coronavirus curbs despite health warnings

U.S. states from Minnesota to Mississippi this week prepared to join other states that have eased coronavirus restrictions to try to revive their battered economies, although some business owners voiced reluctance in the face of health warnings. This report produced by Chris Dignam. from Reuters Video: Business https://ift.tt/3ePH0Qm

Back to work protests spread to Texas

Texas became the latest U.S. state Saturday hit by a protest largely from supporters of President Donald Trump anxious to get back to work, while the governor of New York said his coronavirus-battered state may finally be past the worst of the health crisis there. Fred Katayama reports. from Reuters Video: Business https://ift.tt/2VIh7t9

Stocks drop amid record retail sales plunge

Economic worries returned to the forefront on Wall Street Wednesday, sending stocks lower after a record drop in March retail sales and worrisome first-quarter results from the banking sector. Conway G. Gittens has the roundup. from Reuters Video: Business https://ift.tt/3acgrBt

Wall Street gain fueled by hopes to ease lockdown

Stocks rallied led by a four percent surge in the Nasdaq with investors encouraged by talks on how to end the lockdown. Conway G. Gittens has the market wrap. from Reuters Video: Business https://ift.tt/3clNMv0

Corporate CEOs have no idea when things will return to normal -investor

On the eve of earnings season, Envestnet chief investment strategist Tim Clift warned investors could be left wanting after earnings season since CEOS have no idea when they'll fully reopen for business. from Reuters Video: Business https://ift.tt/3c9yyt4

Wall St soars on hopes of slowing coronavirus deaths

U.S. stocks rocketed higher on Monday, in the biggest gains in nearly two weeks, after a fall in the daily death toll in New York - - the country's biggest coronavirus hot spot - - fueled optimism the pandemic is leveling off in major global cities. Conway G. Gittens reports. from Reuters Video: Business https://ift.tt/3c17coP

U.S. dairy farmers dump milk

Some American dairy farmers are dumping milk despite strong demand for it amid the coronavirus pandemic. As Fred Katayama reports, supply chain disruptions are preventing farmers from getting their products to the markets. from Reuters Video: Business https://ift.tt/2yAmBOK

Trump invoking Defense Production Act to acquire more ventilators

U.S. President Donald Trump on Friday said that he is invoking the Defense Production Act to require General Motors Co to build much-needed ventilators for coronavirus patients after he accused the largest U.S. automaker of "wasting time" during negotiations. from Reuters Video: Business https://ift.tt/39nzkkC