Business

Apple pushed the S&P 500 and Nasdaq higher on Thursday, with the benchmark index nearing an alltime high, as jobless claims fell below one million for the first time since efforts to curb the COVID19 outbreak in the United States began five months ago.

The Chinese city of Shenzhen's government on Thursday identified a Brazilian meat plant owned by Aurora, the country's third largest processor of chicken and pork, as the source of chicken wings that tested positive for the novel coronavirus.

Food sales in British pubs and restaurants rose by nearly a third in the week that followed the launch of the government’s Eat Out to Help Out subsidy scheme, data consultancy firm CGA said on Thursday.

The U.S. government will provide its latest report Thursday on the pace of layoffs, which have remained stuck at a high level since the viral pandemic erupted five months ago.

The NSE Nifty 50 index ended 0.07% lower at 11,300.45, while the benchmark S&P BSE Sensex fell 0.15% to 38,310.49.

Gold firmed above $1,900 on Thursday as the dollar fell, with bargain hunters betting on a resumption of bullion's broader upwards trend attracted by its recent steep slide from a record peak.

Oil prices held steady on Thursday after the International Energy Agency lowered its 2020 oil demand forecast following unprecedented travel restrictions and data showing a decline in U.S. inventories provided some support.

Lenovo Group, the world's biggest PC maker, smashed expectations with a 31% leap in firstquarter net profit, as the coronavirus pandemic spurs businesses to shift to remote work and schools to switch to online learning.

Japanese trading house Mitsubishi Corp reported on Thursday a 77% plunge in net profit for the AprilJune quarter and predicted annual profit will tumble by 63% as the COVID19 outbreak will wipe out 300 billion yen ($2.8 billion) in profit.

Crude oil prices slipped on Thursday after OPEC said it expected demand for fuels to fall more than expected, although U.S. government data showing a fall in inventories suggested demand is returning despite the coronavirus pandemic.

Shares of Vroom Inc tumbled 14% on Wednesday, as the COVID19 pandemic fueled a biggerthanexpected quarterly loss in the online used car seller's first set of results since its blockbuster market debut in June.

The Trump administration has filed a motion asking a court to dismiss a lawsuit against the president's executive order targeting social media companies, calling it a "profound misunderstanding," according to a copy of the motion seen by Reuters.

The U.S. government on Wednesday said it would maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods, despite moves by the European Union to resolve a longstanding dispute over aircraft subsidies.

For the first time, Airbnb is taking legal action against a guest for violating its ban on unauthorized parties.

Microsoft is back to selling smartphones for the first time since it abandoned its mobile business more than four years ago.

The COVID19 pandemic has hit Black Americans especially hard after decades of social and economic injustices, but it also presents an opportunity for systemic change, said financier Robert Smith, the wealthiest AfricanAmerican according to Forbes.