China’s Alibaba Group Holding Ltd beat quarterly revenue and profit estimates as its core commerce and cloud computing businesses continued to grow following China’s emergence from the coronavirus lockdown.
Outdoor apparel brand Patagonia Inc will pause its ads on Facebook Inc and Facebook’s photo-sharing app, Instagram, making it the latest company to join a boycott campaign organized by U.S. civil rights groups.
China's exports unexpectedly rose in April for the first time this year as factories raced to make up for lost sales due to the coronavirus pandemic, but a big fall in imports signalled more trouble ahead.
China's exports and imports are expected to record double-digit declines in April after a tentative recovery in March as the coronavirus pandemic batters global demand and disrupts manufacturing supply chains.
NRF has called on congress to pass legislation creating a federal program to help businesses obtain pandemic insurance, while also voicing its support for a package that would increase funding for small business loans.