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Business in pictures

The Associated Press
A man enters the JC Penney store at the Manhattan mall in New York. J.C. J.C. Penney Co. (JCP) on Tuesday, May 21, 2019. reported a loss of $154 million in its fiscal first quarter. The Plano, Texas-based company said it had a loss of 48 cents per share. Losses, adjusted for one-time gains and costs, came to 46 cents per share. The results missed Wall Street expectations.
The Associated Press
Workers react after the first of the two airlock doors was opened in the Pike River Mine, near Greymouth on the West Coast of New Zealand, Tuesday, May 21, 2019. Crews in New Zealand on Tuesday reentered an underground coal mine where a methane explosion killed 29 workers more than eight years ago, raising hopes among family members that they might find bodies and new evidence that leads to criminal charges. (Neil Silverwood/Pike River Recovery Agency via AP)
Jim Hackett The Associated Press
Ford President and CEO Jim Hackett prepares to address the media at the North American International Auto Show in Detroit. Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce. The company has said it was undertaking a major restructuring, and on Monday, May 20, 2019, said that it will have trimmed thousands of jobs by August. In a memo to employees, Monday, Hackett said the fourth wave of the restructuring will start on Tuesday, May 21 with the majority of cuts being finished by May 24.
Jerome Powell The Associated Press
Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, in Washington. Powell says a sharp rise in corporate debt is being closely monitored but currently the Fed does not see the types of threats that triggered the 2008 financial crisis.
The Associated Press
N parked at their gates at Miami International Airport in Miami. American Airlines is accusing its mechanics and their unions of conducting an illegal work slowdown to gain leverage in contract talks, and the airline is asking a federal judge to stop the activity.
The Associated Press
The NYSE logo is displayed at the New York Stock Exchange. A broad slide by technology companies pushed U.S. stocks lower in morning trading on Wall Street Monday, May 20 extending losses into another week. The U.S. decision to ban technology sales to China’s Huawei hammered the technology sector, particularly chipmakers.
The Associated Press
Austrian Chancellor Sebastian Kurz, of the Austrian People's Party, OEVP, addresses the media during a news conference in Vienna, Austria, Monday, May 20, 2019. Austrian Chancellor Sebastian Kurz has called for an early election after the resignation of his vice chancellor Heinz-Christian Strache from the Freedom Party spelled an end to his governing coalition.
Volodymyr Zelenskiy The Associated Press
Ukrainian President-elect Volodymyr Zelenskiy greeds his supporters before inauguration ceremony in Kiev, Ukraine, Monday, May 20, 2019. Zelenskiy overwhelming won the presidential election last month, beating incumbent Petro Poroshenko.
The Associated Press
Saudi Arabian freighter Bahri Yambu is docked in Genoa's port, Italy, Monday, May 20, 2019. The freighter allegedly carrying weapons that could be used in the war in Yemen is scheduled to load further cargo before departing for the Saudi port of Jeddah late Monday despite protests by harbor workers, according to the Italian news agencies. (Luca Zennaro/ANSA via AP)
The Associated Press
People cross the street in Tokyo. The Japanese government says the economy grew at an annual pace of 2.1% in the first quarter, marking the second straight quarter of expansion. The Cabinet Office said Monday, May 20, 2019, seasonally adjusted real gross domestic product, the total value of a nation’s goods and services, grew 0.5% in the January-March period from the previous quarter.
The Associated Press
Japanese entrepreneurs and Founder of Interstellar Technologies Inc. Takafumi Horie speaks during a press conference in Tokyo, Wednesday, May 15, 2019. Horie said a low-cost rocket business in Japan is well-positioned to accommodate scientific and commercial needs in Asia. While Japan's government-led space programs have demonstrated top-level technology, he said the country has fallen behind commercially due to high costs.
The Associated Press
Robert F. Smith, left, laughs with David Thomas, center, and actress Angela Bassett at Morehouse College on Sunday, May 19, 2019, in Atlanta. Smith, a billionaire technology investor and philanthropist, said he will provide grants to wipe out the student debt of the entire graduating class at Morehouse College - an estimated $40 million. Smith, this year's commencement speaker, made the announcement Sunday morning while addressing nearly 400 graduating seniors of the all-male historically black college in Atlanta. (Bo Emerson/Atlanta Journal-Constitution via AP)
The Associated Press
A Saudi worker adjusts flags of participating countries before a meeting of energy ministers from OPEC and its allies to discuss prices and production cuts, in Jiddah, Saudi Arabia, Sunday, May 19, 2019. The meeting takes places as tensions flare in the Persian Gulf after the U.S. ordered bombers and an aircraft carrier to the region over an unexplained threat they perceive from Iran, which comes a year after the U.S. unilaterally pulled out of Tehran's nuclear deal with world powers and reimposed sanctions on Iranian oil.
The Associated Press
Martin Tower, former world headquarters of Bethlehem Steel, implodes Sunday May 19, 2019 in Bethlehem, Pa. Crowds gathered to watch the demolition of the area's tallest building, a 21-story monolith that opened at the height of Bethlehem Steel's power and profitability but had stood vacant for a dozen years after America's second-largest steelmaker went out of business.
The Associated Press
Austrian President Alexander van der Bellen addresses the media during a press conference at the Hofburg palace in Vienna, Austria, Saturday, May 18, 2019. Austrian Chancellor Sebastian Kurz has called for an early election after the resignation of his vice chancellor spelled an end to his governing coalition.
The Associated Press
Britain's Prime Minister Theresa May with her husband Philip leave after a church service near her Maidenhead constituency, England, Sunday May 19, 2019. (Andrew Matthews/PA via AP)
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Austrian Vice-Chancellor Heinz-Christian Strache speaks during a press conference after talks with Serbian Foreign Minister Ivica Dacic in Belgrade, Serbia. Two German newspapers are reporting that the head of Austria's far-right Freedom Party offered government contracts in return for support for his party from a potential Russian donor shortly before the Austrian's 2017 parliamentary election.
The Associated Press
Customers sit inside a Luckin Coffee shop at a shopping center in Beijing, Saturday, May 18, 2019. Shares of Luckin Coffee, a fast-growing rival to Starbucks in China, rose 20% in their U.S. stock market debut Friday.
Steve Mnuchin The Associated Press
Treasury Secretary Steve Mnuchin testifies about the budget during a Financial Services and General Government subcommittee hearing, Wednesday May 15, 2019, on Capitol Hill in Washington.
The Associated Press
A Deliveroo logo is seen on a bicycle in London. Amazon is investing in British meal delivery company Deliveroo, expanding its reach into food retailing. Deliveroo said Friday May 17, 2019 that it raised $575 million from investors led by Amazon.
The Associated Press
Tourists snorkel in the Caribbean, off a beach in Varadero, Cuba. As most of Cuba’s economy stagnates or declines, the country has launched a full-scale effort to turn virtually the only bright spot, tourism, into an engine that can drag the rest of the communist island through its worst economic crisis in two decades.
The Associated Press
Heinz-Christian Strache, chairman of the right-wing Freedom Party, FPOE, speaks at a news conference in Vienna, Austria. Two German newspapers are reporting that the head of Austria's far-right Freedom Party offered government contracts in return for support for his party from a potential Russian donor shortly before the Austrian's 2017 parliamentary election.
The Associated Press
John Deere Agricultural machinery made by Deere & Company sits staged for transport near cranes at the Port of Tacoma in Tacoma, Wash. Deere’s fiscal second-quarter earnings were a mixed bag and the agricultural equipment maker lowered its full-year outlook as the trade war between the U.S. and China intensifies and conditions in the agricultural sector soften.
The Associated Press
Italian Interior Minister and Deputy-Premier, Matteo Salvini, attends a press conference at the foreign press association in Milan, Italy, Friday, May 17, 2019.
The Associated Press
Renault CEO Thierry Bollore addresses the media after the presentation of the company's 2018 full year results in Boulogne Billancourt, outside Paris. Nissan says it is proposing adding Renault’s chief executive, Thierry Bollore, to its board, as well as several outsiders, to strengthen its governance following the arrest of its former chairman, Carlos Ghosn. The Japanese automaker’s proposals announced Friday, May 17, 2019 will be put to a shareholder vote at a meeting set for June.