By Reuters J.C. Penny is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter of its roughly 850 stores, becoming the latest major U.S. retailer to succumb to fallout from the coronavirus outbreak, according to people familiar with the matter. A bankruptcy filing would cap […]

By Reuters Amid the carnage of the U.S. employment report for April was one bright spot: superstores led by Walmart Inc <WMT.N>, the world’s largest retailer, added more than 90,000 jobs. Overall, roughly 20.5 million people lost their jobs in April, the U.S. Labor Department said on Friday, a wipeout of jobs at a rate […]

By Reuters Hydrogen has long been touted as a clean alternative to fossil fuels. Now, as major economies prepare green investments to kickstart growth, advocates spy a golden chance to drag the niche energy into the mainstream of a post–pandemic world. Green hydrogen was pushed to the fore last week when Fatih Birol, head of […]

By Reuters The sweeping Atlantic bay in La Baule-Escoublac should be filling up with holidaymakers taking advantage of a series of long weekends in May. Instead, the only activity is a bulldozer and excavator reshaping the shoreline. With France under lockdown, tables and chairs lie stacked on the outdoor terraces of beachfront restaurants in the […]

By Reuters The Nasdaq was on track to end Thursday in positive territory for 2020 after winning back the vast majority of steep losses caused in recent months by the coronavirus pandemic. Following a slump of almost a third between Feb. 19 and March 23, the tech-heavy index has rebounded over 30%, driven by strong […]

By Reuters U.S. President Donald Trump and Vice President Mike Pence have tested negative for the novel coronavirus after a member of the U.S. military who works at the White House was found to have been infected, a White House spokesman said on Thursday. The military official was identified by CNN as a personal valet […]

By Reuters The U.S. Justice Department is dropping the criminal case against Michael Flynn, the former national security adviser to President Donald Trump, The Associated Press reported on Thursday, citing a court filing. The report came shortly after a lead career prosecutor abruptly withdrew from the criminal case, following a growing campaign by Trump’s allies […]

By Reuters U.S. cryptocurrency investor on Thursday sued a suburban New York high school senior, accusing the 18-year-old of being the mastermind and ringleader of a cybercrime scheme that defrauded him out of millions of dollars in digital currencies. The plaintiff, Michael Terpin, accused Ellis Pinsky, of Irvington, New York, and his alleged co-conspirators of […]

By Reuters On Wednesday, President Donald Trump vetoed legislation passed by both houses of Congress to limit a president’s ability to wage war against Iran, as Trump wages a campaign of maximum pressure against the Islamic Republic. “This was a very insulting resolution, introduced by Democrats as part of a strategy to win an election on […]