Peugeot-owner PSA said on Monday it had secured a further 3 billion euros ($3.3 billion) of loans, strengthening its financial position in the wake of the hit to the global automotive industry from the coronavirus crisis.
French tyre company Michelin said on Monday that its leading executives had agreed to take pay cuts as a gesture of solidarity to help deal with the negative effects of the hit to its business from the COVID-19 outbreak.
Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help reduce global oversupply as the coronavirus pandemic pummels demand.
Investors are desperate for more data to quantify the coronavirus impact on the economy and earnings, and then map the duration of a possible recovery ahead.
Bank of America said it's seen fierce demand for rescue loans with applications accounting for about 10% of the amount provided by Congress.
In his annual shareholders letter, Dimon also warned that the bank may have to consider suspending its dividend if the economy reaches "extremely adverse" conditions.
The possibility of JPMorgan cutting its dividend is likely to reverberate among bank investors and analysts.
U.S. stocks opened higher on Monday, after President Donald Trump expressed hope that the coronavirus health crisis was "leveling-off" in some of the hardest-hit U.S. states.
British drugmaker GlaxoSmithKline will invest $250 million in Vir Biotechnology Inc and collaborate to develop potential treatments for COVID-19, the disease caused by the new coronavirus, the companies said on Monday.
Stelios Haji-Ioannou, easyJet's founder and biggest shareholder, on Monday intensified his battle with the airline's management over a huge aircraft order with Airbus which he says it should cancel.
Shares of Zoom fell 9% on Monday, adding to their sharp declines in the past few days, as the video conferencing app battles privacy concerns and increased competition from deep-pocketed rivals.
Bank of America said it's seen fierce demand for rescue loans with applications accounting for about 10% of the amount provided by Congress.
"I've always said it's a medical solution that forms a bottom for this market," economist Mohamed El-Erian told CNBC.
Uber Technologies Inc said on Monday its app will list job openings in the delivery, food production and grocery industry that can be accessed by its U.S. drivers who have been hit by a slump in ride-hailing demand due to the coronavirus.