After rolling out trillions of dollars in support for the U.S. economy during the coronavirus pandemic, Federal Reserve officials have begun warning of potentially lasting scars to the workforce and productivity if the recovery is not handled well.
U.S. stocks fell on Friday after President Donald Trump threatened to impose new tariffs on Beijing over the coronavirus crisis, while business warnings from Amazon.com and big oil firms highlighted the pain inflicted by global lockdowns.
The head of Embraer's commercial aircraft unit defended the benefits of a $4.2 billion tie-up abandoned by Boeing Co last week, but said the Brazilian aerospace group was focusing on its future as a re-united company.
Spain's Telefonica SA is in talks with billionaire John Malone's Liberty Global Plc to explore a merger of its British mobile operator O2 with cable network company Virgin Media, a source familiar with the matter said.
United Airlines Holdings Inc expects to reduce its daily cash burn to below $40 million in the third quarter, even with zero passenger revenues and no additional capital raisings, and will continue taking jet deliveries this year and next, executives said on a conference call.
Exxon Mobil Corp and Chevron Corp are slamming the brakes on U.S. shale oil production at a time when crude prices and fuel demand have plunged due to global lockdowns to fight the coronavirus pandemic.
Norway's sovereign wealth fund will vote in favour of a resolution committing Barclays to tackling climate change at the bank's annual general meeting on May 7, instead of a separate shareholder one, the fund said on Friday.
Ryanair on Friday announced it would ground more than 99% of its flights until July and said it had begun negotiations with Boeing about cutting the number of aircraft deliveries over the next 24 months.
A decline on Wall Street dragged stocks across the world further down on Friday on concerns that the two largest economies could resume a trade war, with many financial markets globally closed for a holiday.
AltFi | Aisling Finn | Apr 29, 2020 The fintech is also on the hunt for a UK Chairperson to help secure a UK banking licence, despite the constant movement at the top. Digital banking service Revolut has lost eight top employees since the middle of March this year, although the departures are not linked
Shares of Tesla Inc tumbled 10% on Friday following a tweet from Chief Executive Elon Musk's Twitter account that the electric car maker's recently high-flying stock is overly expensive.
McDonald's Corp said it would reopen 15 restaurants in the United Kingdom this month, only for delivery, leaving some fast food fans cheering.
Wall Street's main indexes fell on Friday after President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while a profit warning from Amazon added to the gloom.
"There's all these downstream issues that really haven't been addressed yet," the Dallas Mavericks owner and "Shark Tank" investor told CNBC on Friday.
JPMorgan Chase & Co said on Friday that it received government approval to process roughly $15 billion in loans through the Small Business Administration's Paycheck Protection Program, bringing its total number of funded loans through the program to about $29 billion.