Wall Street's three major indexes closed lower for the second day in a row after Federal Reserve Chairman Jerome Powell warned on Wednesday of extended economic weakness due to the coronavirus pandemic and called for Congress to agree on additional fiscal support.
Mexico will begin opening some automotive factories from May 18 under a plan unveiled on Wednesday that loosens coronavirus restrictions and paves the way for U.S. car giants to ramp up output dependent on parts made south of the border.
The U.S. factories that make Fords, Chevys and Jeeps are coming back to life this week as workers install new safety equipment and wake up machines ahead of the high-stakes restart the Detroit automakers plan to launch on Monday.
Retail Insider | Jessica Finch | May 13, 2020 The City of Toronto and Digital Main Street have launched the DMS ShopHERE initiative to build and optimize online stores for Toronto’s independent businesses and artists free of charge. By leveraging Toronto’s technology community, the partnership is providing Toronto businesses with a quick and easy way
Asian equities were set to slump on Thursday after the head of the Federal Reserve warned of a "significantly worse" U.S. recession than any downturn since World War Two because of coronavirus pandemic fallout, sentiments that drove bonds higher on a safety bid.
A United Airlines Holdings Inc non-union employee filed a class action lawsuit on Wednesday alleging that a requirement that management and administration employees take 20 unpaid days off breaches the terms of federal payroll aid.
Betakit | Isabelle Kirkwood | May 6, 2020 Toronto-based proptech startup Doorr, which offers a mortgage platform for brokers and financial institutions, has raised $1.75 million CAD in seed funding. This brings the startup’s total funding to date to $2.25 million. The funding was led by Celtic House Venture Partners and MaRS Investment Accelerator Fund.
Asia's stock markets fell and gold hit a one-week high on Thursday as worries about a second wave of coronavirus infections and a dour assessment of the way back from the head of the U.S. Federal Reserve dashed hopes for a quick recovery.
Casual clothing chain Uniqlo has reopened more stores in the past week and plans to resume business at more shops in coming days as governments ease coronavirus restrictions, its owner Fast Retailing said on Thursday.
The "Mad Money" host instructs investors to keep their eyes on the food and drug stocks as a sign to start building a position in the market.
Amazon plans to extend the closure of its French warehouses until May 18, the U.S. e-commerce giant said on Wednesday.
Tourism will recover to its pre-coronavirus levels by 2022 at the latest and European holidays will restart in July said Fritz Joussen, the chief executive of travel group TUI .
Asian shares recovered early losses and crept into positive territory on Wednesday, but stock futures pointed to a lower European open as worries about a slow economic recovery from the coronavirus weighed on global sentiment.
South Korea's largest airline, Korean Air , said on Wednesday its board decided to sell about 1 trillion won ($816.55 million) in shares to raise funds as airlines' finances come under strain from grounded fleets due to travel restrictions and crippled demand from the coronavirus pandemic.
Global stocks and oil prices fell on Wednesday as fears about a second wave of coronavirus infections gripped financial markets.