Volkswagen said demand in China was rebounding, thanks to customers who want to switch from public transport to personal vehicles, but warned sales would not recover as quickly in other parts of the world.
BMW will put investments on hold as it seeks to conserve cash to counter a fall in demand caused by the spread of the coronavirus pandemic, Chief Financial Officer Nicolas Peter said on Wednesday.
South Korea's Hyundai Motor said on Wednesday its provisional April sales fell 57% on year to 159,079 vehicles globally, as the coronavirus pandemic and efforts to curb its spread sharply contracted auto demand and dealership traffic.
As students argue that remote learning doesn't have same value as an in-person education, a growing number of undergraduates are taking their cases to court.
General Motors Co on Wednesday outlined plans for a May 18 restart of most of its North American plants shut down by the coronavirus pandemic as it reported a stronger than expected quarterly profit, sending its shares up 7.8% in premarket trading.
Uber Technologies Inc will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will forgo his base salary for the remainder of the year, the company said on Wednesday, as the COVID-19 pandemic decimates its ride-hailing business.
U.S. stocks opened higher on Wednesday on hopes of a pickup in business activity with states easing coronavirus-induced curbs, while investors looked past a stunning 20 million plunge in U.S. private payrolls last month.
United Airlines Holdings Inc said it plans to raise $2.25 billion through a bond offering as it grapples with a slump in air travel demand due to government-mandated lockdowns across the world.
U.S. private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the economy, setting up the overall labor market for historic job losses last month.
The massive drop in U.S. private payrolls for April, reported on Wednesday, is "not a surprise" but employment could recover dramatically in the second half of the year if the coronavirus pandemic is controlled, St. Louis Federal Reserve president James Bullard said.
The U.S. Department of Commerce is close to signing off on a new rule that allows U.S. companies to work with China's Huawei Technologies on setting standards for next generation 5G networks, people familiar with the matter said.
Eating more healthy food? More junk food? Nearly everyone's eating and shopping habits are feeling the fallout of the pandemic — and boredom and anxiety are driving plenty of change.
Recent central bank bond-buying to calm market turmoil has breached the wall dividing top-grade debt from so-called junk-rated issues, raising the likelihood of the investment industry and even regulators eventually dismantling the barrier.
Britain's advertising watchdog has ruled Royal Dutch Shell's ad campaign on petrol pumps promising customers they can "drive carbon neutral" is acceptable, following complaints.
Abercrombie & Fitch Co has begun reopening stores in parts of the world where lockdown restrictions have eased, the company said on Wednesday, as more retailers chart out paths to recovery after the COVID-19 pandemic upended businesses.