 | |||||||
| finance | |||||||
| NEWS | |||||||
Oil prices surge after US crude inventories rise less than feared NEW YORK (Reuters) - Oil prices surged on Wednesday after U.S. crude stockpiles grew less than expected and gasoline posted a surprise draw, adding to optimism for an improvement in demand as some European countries and U.S. cities move to ease ...
| |||||||
Oil cuts keeping Canada storage levels in check, producers say (Reuters) - Cuts to Alberta's oil production have been large enough to avoid filling storage tanks to the brim as the coronavirus pandemic slashes demand from refiners, two of Canada's largest crude producers said on Wednesday. A crash in crude prices due ...
| |||||||
Tesla rival Rivian will no longer underpin Lincoln's first EV, as Lincoln moves to develop its own electric vehicle In January, Rivian and Lincoln announced a partnership to build Lincoln's first electric vehicle. The joint EV is now canceled, although Ford said its "commitment to Lincoln, Rivian and electrification remains unchanged." Ford will instead focus development ...
| |||||||
British Airways owner bets on costs not bailouts to survive LONDON (Reuters) - A plan to axe up to 12,000 jobs at IAG's British Airways underlines CEO Willie Walsh's desire to survive what is expected to be aviation's worst downturn without a state bailout. This video file cannot be played.(Error Code: 102630). Walsh ...
| |||||||
Airbus Taking 'Schizophrenic' Approach To Coronavirus Crisis, CEO Says Airbus is adopting what CEO Guillaume Faury described as a "somewhat schizophrenic approach" to the pandemic that halted air travel by coupling an aggressive short-term cost-cutting program with a longer-term positive outlook that demand will recover.
| |||||||
Fed holds interest rates near zero, vows forceful action amid coronavirus's economic fallout The Federal Reserve on Wednesday held its key interest rate near zero and vowed to continue taking aggressive action to combat the effects of a coronavirus pandemic that has set off an unprecedented economic downturn. "The Federal Reserve is ...
| |||||||
North American business drives Mondelez growth CHICAGO — Snacking has increased sharply in developed markets since the outbreak of the coronavirus (COVID-19), and Mondelez International, Inc. has been a major beneficiary of this growth, said Dirk Van de Put, the company's chairman and chief ...
| |||||||
Fed holds rates near zero — here's what that means for you The Federal Reserve said Wednesday it would keep its benchmark interest rate near zero in response to the economic shock from the coronavirus crisis. "The most significant responsibility of the Fed now is to make sure that credit markets continue to function ...
| |||||||
UPDATE 1-US Treasury chief says reserving capital to add to Fed coronavirus lending programs (Adds quotes, details on airline aid, small business loans). By David Lawder. WASHINGTON, April 29 (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Wednesday he is keeping some $259 billion worth of coronavirus aid capital in reserve for new ...
| |||||||
'FREE AMERICA NOW': Musk presses for US to reopen ahead of Tesla earnings Tesla Inc. shares have soared in spite of production shutdowns, likely demand disruptions and uncertainty about how soon the electric-car maker can restore more-normal operations. The advance puts Chief Executive Elon Musk in position to receive the first ...
| |||||||
Exclusive: Amazon Turns to Chinese Firm on US Blacklist to Meet Thermal Camera Needs NEW YORK/SAN FRANCISCO — Amazon.com Inc has bought cameras to take temperatures of workers during the coronavirus pandemic from a firm the United States blacklisted over allegations it helped China detain and monitor the Uighurs and other ...
| |||||||
NIO Stock Surges After "Funding Secured" -- but There May Be a Catch Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were up sharply on Wednesday after the company announced that it had secured nearly $1 billion in new financing from economic-development authorities in China. As of 11:00 a.m. EDT, NIO's ...
| |||||||
Here's Why Visa, Mastercard, and American Express Are Higher on Wednesday The stock market was having a strong day on Wednesday, with gains fueled by promising preliminary results from Gilead Sciences' (NASDAQ:GILD) potential coronavirus treatment remdesivir. As of noon EDT, the Dow Jones Industrial Average and S&P 500 ...
| |||||||
Juul CEO addresses report on impending mass layoffs in leaked memo Juul Labs CEO K.C. Crosthwaite sent a memo to staffers on Wednesday addressing a report that the company planned to lay off 800 to 950 employees, or about one-third of its staff. "I know it's frustrating to hear incomplete information from the press before ...
| |||||||
Beer sales are soaring. These brands are winning the booze battle New York (CNN Business) Americans' thirst for alcohol has increased since the coronavirus pandemic began, spreading across the United States in mid-March. That's benefiting beer, a beverage that was once falling out of favor with consumers as they ...
| |||||||
Barclays' CEO says crowded offices could be 'a thing of the past' Barclays' CEO said on Wednesday that offices may never see the same crowds again after the coronavirus pandemic subsides. "There will be a long-term adjustment to our location strategy," he told reporters following the announcement of the bank's ...
| |||||||
Spotify hits 130 million subscribers amid Covid-19 Spotify has reached 130 million paid subscribers, despite initial concerns over how the Covid-19 crisis could affect listening habits. The music-streaming platform says it gained six million subscribers in the first quarter of 2020. It said the figures fell into the ...
| |||||||
Do Your Bit for Farmers and Eat More Fries, Belgians Urged MOUSCRON, Belgium — With potato farmers and processors struggling, Belgians are being urged to eat more fries to offset a slump in demand during the coronavirus pandemic. Belgium is the world's largest exporter of fries and other frozen potato products, ...
| |||||||
GE Jet Engine Installs Drop 45% in Sign of Aviation Collapse General Electric Co. reported deep strains in its aviation business as the coronavirus pandemic pummeled commercial air travel worldwide. While the manufacturer had already laid out cost cuts to combat a slowdown, the magnitude of the first-quarter decline ...
| |||||||
JD Wetherspoon to Raise $175 Million via Placement; Plans June Reopening (Reuters) - British pubs group JD Wetherspoon plans to raise 141 million pounds ($175 million) in a share placing as it tries to cope with the economic fallout from the coronavirus pandemic, which has forced all pubs to close. The company said on ...
| |||||||
Norfolk Southern 1Q Profit Falls 44% on Charge, Weak Volume OMAHA, Neb. — Norfolk Southern's first-quarter profit fell 44% because of a one-time charge related to locomotive sales and weak shipping volume driven by the coronavirus outbreak. The railroad said it earned $381 million, or $1.47 per share, during the ...
| |||||||
Hertz Reportedly Prepares Potential Bankruptcy Filing Hertz Global Holdings (HTZ) - Get Report is preparing for a possible bankruptcy filing after the vehicle rental giant failed to make lease payments due to the coronavirus shutdown, The Wall Street Journal reported. Shares of the Estero, Florida-based company ...
| |||||||
GM delays GMC Hummer EV debut GM said Wednesday that it will postpone its upcoming reveal of a GMC-branded electric Hummer due to the COVID-19 pandemic. The Hummer EV debut, which was scheduled to occur May 20, is the latest automotive event to be delayed in recent months ...
| |||||||
Bitcoin Tops $8000 For First Time Since March Amid Halving Hype Excitement over Bitcoin's upcoming halving and an overall risk-on environment are pushing up cryptocurrencies, with the largest token reaching its highest level since before the coronavirus-induced crash. Bitcoin gained as much as 13.5% to $8,778, ...
| |||||||
Arm offers early-stage startups free access to IP Arm on Wednesday announced it's offering early-stage startups free access to some of its most widely-used chip design IP, with the aim of accelerating innovation in areas like IoT, automotive and AI at the edge. The new initiative is an expansion of Arm's ...
| |||||||
Exclusive: Shale producer Oasis Petroleum to halt drilling in Bakken - sources NEW YORK (Reuters) - Oasis Petroleum Inc (OAS.O) has begun to wind down all drilling in the Bakken, three sources familiar with the matter said on Tuesday, as production cuts intensify across the United States the aftermath of a historic plunge in crude oil ...
| |||||||
26 million filed for unemployment amid the pandemic. A survey says millions more gave up trying. According to the Department of Labor, about 26 million have lost their jobs and sought unemployment since the coronavirus pandemic hit the U.S. But a new survey by the Economic Policy Institute indicates that the true number of Americans who have lost ...
| |||||||
Utah business owner accused of falsely promoting silver products to prevent, treat COVID-19 SALT LAKE CITY — The US Attorney's Office is calling for restraining orders to stop a Utah business owner and two related companies that have fraudulently promoted products containing silver as a preventative measure and treatment for COVID-19.
| |||||||
Drones will start delivering prescription drugs to Florida's grandmas and grandpas THE VILLAGES, Fla — They're among those most vulnerable to the coronavirus, but like everyone else, the more than 130 thousand people who live in The Villages can't hide away in their homes forever. The necessities – food and medicine – force the ...
| |||||||
Feds pan convicted 'Pharma Bro' Martin Shkreli's bid for release to cure COVID-19 Federal prosecutors say a judge should not release convicted fraudster Martin Shkreli early from federal prison, even though the former pharmaceutical company CEO says he plans to come up with a cure for the new coronavirus if sprung. The feds panned ...
| |||||||
Walmart, Target and Amazon Workers Are Planning to Strike on Friday — Here's What They Want Workers from multiple corporations — including Amazon, Target and Walmart — are planning a "May Day" strike. On Friday, employees from those companies (as well as FedEx and Instacart) reportedly plan to call in sick or to walk out of work during their ...
| |||||||
Wynn Las Vegas employees to get free coronavirus testing Lights on Wynn Las Vegas show support for the city during the coronavirus pandemic, April 1, 2020, in Las Vegas. (Benjamin Hager/Las Vegas Review-Journal) @benjaminhphoto. Caption Off. Thumb Off. By Nicole Raz / Las Vegas Review-Journal. April 29 ...
| |||||||
Enterprise Holdings lays off more than 2000 employees CLAYTON, Mo. — Enterprise Holdings is laying off more than 2,000 employees. The company said it experienced "a dramatic downturn in business" due to the coronavirus. The layoffs are expected to start Thursday. "Enterprise's belief the downturn would last ...
| |||||||
Coronavirus pushes cities to cap third-party delivery fees More U.S. cities are capping commission fees third-party delivery services charge restaurants, many of which are mom-and-pop small business owners. Seattle is the latest to forbid delivery services like Uber Eats, Grubhub, Postmates and DoorDash from ...
| |||||||
CVS Health to expand Covid-19 testing sites, develop mobile testing CVS Health plans to expand coronavirus testing to 1,000 stores by the end of May, the company said. Larry J. Merlo, the president and CEO of the retail pharmacy giant, said on April 27 that it would offer self-swab tests to individuals in parking lots or at ...
| |||||||
'Shark Tank'-Type Competition Planned by US for Covid-19 Tests The U.S. National Institutes of Health is urging scientists and investors to compete in a $500 million national challenge that will help the agency identify the best candidates for at-home or point-of-care tests for Covid-19. The NIH is likening the program to ...
| |||||||
NBT Bancorp announces Q1 net income of $10.4 million, plans for COVID-19 losses Vermont Business Magazine NBT Bancorp Inc (NASDAQ: NBTB) reported net income of $10.4 million, or $0.23 per diluted common share, for the three months ended March 31, 2020. NBT's results in the first quarter of 2020 reflect the Current Expected Credit ...
| |||||||
General Dynamics Profit Falls on Lower Jet Revenue By Matt Grossman. General Dynamics Corp. on Wednesday reported a smaller profit for the first quarter as revenue from its aerospace division shrank. The Falls Church, Va., aerospace and defense company reported a profit of $706 million, or $2.43 a share, ...
| |||||||
3M earnings up as pandemic provides mixed results Shares of Maplewood-based 3M are up about 2.5 percent after the company reported first-quarter earnings Monday. The company, a leading maker of N95 masks that can block viruses, says the global COVID-19 pandemic has hurt its business in some ways ...
| |||||||
It may take up to 4 months to reschedule surgeries and medical procedures Although it may seem as though every health care worker is on the front lines fighting Covid-19, many medical professionals are at home waiting to get back to work like millions of other Americans. That's because many hospitals and health systems have ...
| |||||||
| See more results | Edit this alert | |||||||
| You have received this email because you have subscribed to Google Alerts. |
 Receive this alert as RSS feed |
| Send Feedback |
No comments:
Post a Comment