U.S. stock index futures headed lower on Thursday as investors braced for another staggering jobless claims report and a plunge in business activity data as state-wide lockdown measures hammer economic growth.
Global equity benchmarks edged higher Thursday as investors weighed an ongoing rebound in oil prices against stark economic data from Europe and the United States that further illustrated the worldwide toll from the coronavirus pandemic.
Gap Inc warned on Thursday it may not have enough funds to run its operations in the next 12 months as it weathers the impact of the coronavirus pandemic, and said it would need to cut costs and raise money by issuing debt.
The S&P 500 ended marginally lower on Thursday after a report that an experimental antiviral drug for the coronavirus flopped in its first randomized clinical trial, denting earlier optimism that the impact of the pandemic on the labor market was nearing an end.
All United Airlines flight attendants must wear a face covering or mask while on duty starting April 24, the airline said on Thursday, in the first such rule by a major U.S. carrier.
The bill, which aims to boost small businesses and hospitals and expand testing, is set to become law in the coming hours with Trump's signature.
Electronic brokerage TD Ameritrade Holding is restricting customers from buying new positions in certain crude oil contracts after an unprecedented sell-off that sent prices below negative-$40 on Monday, a company official said on Thursday.
The U.S. House of Representatives overwhelmingly approved a $484 billion coronavirus relief bill on Thursday, funding small businesses and hospitals and pushing the total spending response to the crisis to an unprecedented near $3 trillion.
There is "substantial doubt" about Avianca Holdings' ability to stay in business due to the coronavirus crisis, the Colombian airline reported on Thursday, citing the conclusion of its financial auditors.
Intel Corp on Thursday forecast second-quarter earnings below Wall Street views as it cited the cost of readying a new PC chip and said it could not make a forecast for the full year because of economic uncertainty caused by the coronavirus pandemic.
Hertz Global Holdings Inc is working with debt restructuring advisers to explore options for shoring up its finances after the coronavirus pandemic killed demand for car rentals, people familiar with the matter said on Thursday.
As colleges remain closed indefinitely, the number of college-bound seniors considering a gap year is up significantly. But this option is not a quick fix.
"I actually think long-term the best cyclical play out there are the very large banks," said Steve Eisman, senior portfolio manager at Neuberger Berman.
World stocks inched up on Thursday on hopes for a massive joint stimulus fund to support the European Union during the coronavirus crisis and on an ongoing rebound in oil prices, while investors brushed off a slew of awful economic data.
Treasury Secretary Steven Mnuchin said he is considering a government lending program for U.S. oil companies looking for federal aid as they cope with a devastating plunge in prices, Bloomberg News reported on Thursday.