The U.S. Federal Reserve on Thursday rolled out a broad, $2.3 trillion effort to bolster local governments and small and mid-sized businesses in its latest move to keep the U.S. economy intact as the country battles the coronavirus pandemic.
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"This is what is needed because we've got to fight off a depression," CNBC's Jim Cramer said.
UniCredit remains strongly committed to increasing returns for investors in Italy's biggest bank, its chairman said, following a decision to suspend dividend payments and a share buyback to comply with supervisory guidance.
The pandemic sweeping the world will turn global economic growth "sharply negative" in 2020, triggering the worst fallout since the 1930s Great Depression, with only a partial recovery seen in 2021, the head of the International Monetary Fund said.
Auto parts maker Kevin Clay landed a series of new contracts from customers early this year, and was bullish on 2020 after two challenging years.
Russia wants coordinated joint action to stabilise global oil markets, Kremlin spokesman Dmitry Peskov said on Thursday ahead of a meeting between OPEC and non-OPEC producers.
Venture capital firm Index Ventures said on Thursday it had raised $2 billion for early-stage and growth investments, backing entrepreneurs it reckons will lead the way out of the economic slump caused by the coronavirus pandemic.
JPMorgan is seeking to sell at a discount loans raised by the sovereign wealth funds of Saudi Arabia and the United Arab Emirates, according to two sources and a document, as banks brace for a borrowing spree in the Gulf due to low oil prices.
Nissan Motor Co Ltd has requested a $4.6 billion commitment line from major lenders to cushion the impact of the coronavirus pandemic while it seeks to engineer a desperately needed turnaround, people with knowledge of the matter said.
The number of Americans seeking unemployment benefits in the last three weeks has topped 15 million, as weekly new claims topped 6 million for the second straight time last week as tough measures to control the novel coronavirus outbreak abruptly ground the country to halt.
Bloomin' Brands Inc and Jana Partners said on Thursday they have agreed to add two new independent directors to the Outback Steakhouse owner's board, months after the activist hedge fund pushed for changes due to struggling restaurant sales.
Tesla Inc sold 10,160 vehicles in China in March, its highest ever monthly sales in the world's largest auto market, the China Passenger Car Association (CPCA) said on Thursday.
The dollar held firm on Thursday after the swings caused by the coronavirus pandemic, but some selling pressure may be in store with U.S. jobless data due later expected to show claims near record highs.
The U.S. Federal Reserve on Thursday rolled out a broad, $2.3 trillion effort to bolster local governments and small and mid-sized businesses in its latest move to keep the U.S. economy intact as the country battles the coronavirus pandemic.