The S&P 500 and Dow Jones indexes retreated on Monday following a U.S.-China spat about the origins of the coronavirus outbreak, while major carriers slumped after billionaire Warren Buffett's Berkshire Hathaway dumped its stakes in the sector.
General Electric Co said on Monday it was planning to cut the global workforce of its aviation unit this year by as much as 25%, or up to 13,000 jobs, including both voluntary and involuntary layoffs, citing prolonged aircraft reduction schedules caused by the coronavirus pandemic.
Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett said Berkshire Hathaway offloaded its entire stake in the carriers last month, adding to the sense of crisis around the industry.
Global stock markets fell on Monday on concerns U.S.-Chinese bickering over the origin of the coronavirus outbreak will ignite a new trade war, speculation that strengthened the dollar and drove gold prices higher.
Oil prices were mixed on Monday as countries started to ease coronavirus lockdowns, though a fresh spat between the United States and China over the origin of the virus weighed on prices.
Like the myriad approaches governments are taking to tackle the coronavirus crisis, the way the world's top banks are calculating their potential losses also differs widely, with puzzling outcomes for investors.
Payment Source | John Adams | May 4, 2020 The shortage of personal protective equipment (PPE) for medical workers is one of the most troublesome elements of the coronavirus outbreak, though prior work to declutter cross-border supply chain payments provides some hope. “Numerous supply chains have been disrupted. Medical supply chains for personal protective equipment
Finbold | Oliver Scott | Apr 29, 2020 Leading challenger banks have witnessed a significant drop in the number of new app downloads in the wake of the Coronavirus pandemic. Data compiled by Finbold.com indicates that on average, the challenger banks’ app downloads dropped by 23.38% by the end of March 2020 compared to February
Cramer warned that the U.S. economy may be too weak to handle another trade spat with China and discouraged Trump from imposing new tariffs.
Luxury sports car maker Ferrari still expects to make more than $1 billion in core profit this year, providing a relative beacon of stability in an auto industry ravaged by the coronavirus crisis.
In a new interview, President Donald Trump has insisted that any new stimulus legislation must include payroll tax cuts for workers. While such a move would give Americans more money in their paychecks, experts say it neglects a key part of the population: the unemployed.
Wells Fargo & Co said on Monday it has received an "outstanding" rating on a U.S. regulatory test for community lending between 2012 and 2018.
More than 200 stocks this year have reduced or suspended their dividends, 44 of them on the S&P 500 index. Here's how retirees should view those changes.
Amazon plans to extend the closure of its French warehouses until May 8 included, the e-commerce giant said on Monday.
Oil rose on Monday as more countries announced they would begin easing coronavirus lockdowns and crude supply cuts take hold, though a fresh spat between the United States and China over the origin of the virus limited the rise in prices.