Stay-at-home stocks Amazon, Microsoft lift Nasdaq into gain for 2020

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.

Free beer! German brewery gives away beverages it can't sell

Unable to deliver to hotels and restaurants closed due to coronavirus restrictions, a German brewery on Thursday gave away some 2,600 litres (690 gallons) of beer.

Stocks climb, shaking off U.S. jobs data, thanks to China trade relief

World shares rose on Thursday after Chinese exports proved far stronger than expected, suggesting a recovery was under way, but the dollar fell from two-week highs as another report showed millions of more Americans were unemployed.

Exclusive: U.S. companies got emergency government loans despite having months of cash

When American companies recently applied for U.S. government loans meant to help small businesses survive the coronavirus crisis, they had to certify they needed the cash to cover basic needs like salaries and rent. The money, up to $10 million, was meant to tide them over for eight weeks.

Michigan governor says manufacturing can reopen in state on May 11

Michigan Governor Gretchen Whitmer on Thursday said the state's factories can reopen on May 11, removing one of the last major obstacles to North American automakers bringing thousands of laid-off employees back to work amid the coronavirus pandemic.

As U.S. states start to reopen, Fed official sees little sign of economic resurgence

Though states have begun to reopen their economies, it is not clear consumers are ready to venture back to the marketplace, Atlanta Federal Reserve Bank President Raphael Bostic said on Thursday, citing conversations with business officials in his region and his staff's study of cellphone tracking data.

Tesla's Musk delays release of Roadster sports car, repeats coronavirus lockdown criticism

Tesla Inc Chief Executive Elon Musk said in a podcast interview released on Thursday that the company's planned Roadster sports car would take a backseat to the development of other vehicle models.

Wall Street gets PayPal boost as Nasdaq erases 2020 declines

Wall Street's indexes jumped on Thursday, with the Nasdaq turning positive for the year, following a clutch of upbeat earnings reports led by PayPal as investors looked past more weak jobs data caused by the coronavirus-induced economic downturn.

Luxury retailer Neiman Marcus files for bankruptcy amid COVID-19 pandemic

Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic.

U.S. reaches settlement to recover over $49 million involving Malaysia's 1MDB: DOJ

The United States has reached a settlement to recover more than $49 million involving Malaysian sovereign wealth fund 1MDB, the Department of Justice said.

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