Oil rose on Thursday, with U.S. crude rebounding from near-20-year lows in the previous session on hopes that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand.
United Airlines Holdings Inc told employees on Wednesday that it has cut its flight schedule by 90% in May and possibly June, and to prepare for a smaller airline and workforce starting as early as Oct. 1.
The International Monetary Fund is looking to triple its concessional financing for the poorest countries to over $18 billion to help them respond to the novel coronavirus pandemic, Managing Director Kristalina Georgieva said on Wednesday.
American semiconductor firm Xilinx Inc said on Wednesday it had won a deal to supply chips to Samsung Electronics Co Ltd for 5G networking equipment.
Asian stocks look set to tumble on Thursday, as fears that the world is in its worst recession since the 1930s were heightened by data showing U.S. retailers suffered a record sales collapse in March due to the coronavirus outbreak.
New York Governor Andrew Cuomo has hired high-powered consultants to develop a science-based plan for the safe economic reopening of the region that can thwart expected pressure from U.S. President Donald Trump to move more rapidly, state government sources told Reuters on Wednesday.
After closing their doors to prevent the spread of the coronavirus, many small businesses face an uncertain future following government-ordered lockdowns.
NCFA | April 15, 2020 Dear: Right Honourable Prime Minister Justin Trudeau Honourable Minister William Morneau Honourable Minister Navdeep Bains Honourable Minister Mary Ng re: Open Letter: Government should collaborate with Fintechs The Canadian government should recognize that FinTech companies can play a central role in distributing capital to small businesses and early-stage companies.
"Rule No. 1 for the new abnormal is that you stick with the winners and you leave the raggedy rest to the others," the "Mad Money" host said.
The Paycheck Protection Program opened to independent contractors and self-employed people on April 10. Banks might ask for 2019 tax returns when they apply for forgivable loans.
Coronavirus stimulus checks are on their way, and scammers are on the hunt.
The small business landscape has changed dramatically over the last few decades, and policymakers need to understand the demographics in order for economic stimulus to be properly aligned for Main Street.
Barclays is delaying the release of portions of Chief Executive Jes Staley and Chief Financial Officer Tushar Morzaria's bonuses in light of the new coronavirus pandemic, it said on Tuesday.
Wizz Air is making plans to fly jets only two-thirds full to allow more space between passengers, it said on Tuesday, as airlines voiced concerns that anti-coronavirus measures could blight their profitability long after travel restrictions end.
U.S. stock markets opened more than 1% higher on Tuesday as the quarterly earnings season kicked off with JPMorgan and Johnson & Johnson giving a first glimpse of the coronavirus outbreak's impact on corporate America.