Edition:
India

Uday Sampath Kumar

Dollar chains expect robust demand as shoppers brace for recession

28 May 2020

America's top dollar store chains beat profit estimates on Thursday and said they would benefit from demand for affordable groceries and household essentials in coming months as rising unemployment threatens to spur a deep recession.

REFILE-US STOCKS-S&P 500 clears 3,000 barrier on hopes of recovery, vaccine

26 May 2020

May 26 U.S. stocks jumped and the S&P 500 crossed 3,000 points on Tuesday as optimism about a potential coronavirus vaccine and a revival in business activity helped investors overlook simmering Sino-U.S. tensions.

US STOCKS-S&P 500 tops 3,000 on hopes of economic recovery, COVID-19 vaccine

26 May 2020

* Indexes up: Dow 2.47%, S&P 1.70%, Nasdaq 0.71% (Adds details, quote; updates prices)

US STOCKS-S&P 500 tops 3,000 pts on hopes of economic recovery, COVID-19 vaccine

26 May 2020

* Indexes up: Dow 2.35%, S&P 1.85%, Nasdaq 1.36% (Updates to open)

US STOCKS-Wall St set to surge at open on recovery, vaccine hopes

26 May 2020

* Futures up: Dow 2.2%, S&P 2.5%, Nasdaq 1.6% (Adds details; updates prices)

S&P 500 futures surge on recovery, vaccine hopes

26 May 2020

U.S. stock futures surged on Tuesday as business restarts and optimism about a potential coronavirus vaccine helped investors returning from a long weekend to overlook Sino-U.S. tensions.

Lowe's says surging sales will not last

20 May 2020

Lowe's Cos Inc warned on Wednesday that high spending on do-it-yourself projects by people hunkered down at home due to coronavirus lockdowns would taper off in the coming months, as a deep economic recession looms on the horizon.

Home Depot misses profit estimates as coronavirus costs weigh

19 May 2020

Home Depot Inc missed estimates for quarterly profit on Tuesday, as the home improvement chain spent about $850 million on benefits for employees keeping its stores and warehouses running through the COVID-19 pandemic. | Video

U.S. landlords, retailers play hardball as mall rent collections plunge

11 May 2020

Tapestry Inc Chief Executive Officer Jide Zeitlin has been negotiating lower rents for the company's Coach and Kate Spade stores for more than a month, using the brands' power to draw in U.S. mall traffic as leverage in tough talks with landlords.

World News