Delta Air Lines Inc and Air New Zealand Ltd said they would offer cargo charter services on passenger planes to boost revenue as the U.S. Senate unanimously passed a bill to give its carriers $58 billion in aid, including payroll support.
Sweden's Volvo Car Group, owned by China's Geely, scaled back its guidance for the full year, warning that sales, earnings and cash flow in the first half of 2020 would decline from a year ago as the coronavirus pandemic weighed on its business.
A Wall Street rally powered global gains in stocks on Thursday despite a record number of new unemployment filings in the United States, as traders focused on the unanimous passage of a $2 trillion coronavirus relief bill in the U.S. Senate and the possibility that there is more stimulus to come.
The International Monetary Fund on Thursday asked G20 leaders to back a doubling of its emergency financing capacity to strengthen its response to the rapidly spreading coronavirus pandemic that is set to cause a global recession in 2020.
"If you use these funds to rehire those employees ... then you qualify," Democratic Sen. Chris Van Hollen told CNBC.
It might be premature to declare the bear market dead, but Thursday's action sure checked off some important boxes.
Paul Tudor Jones on CNBC got personal about his daughter's recovery from the coronavirus and how he aims to help New York City's most vulnerable denizens.
Oil prices fell on Thursday after three sessions of gains as restrictions on travel worldwide crimped fuel demand, with U.S. crude futures plunging about 4% after the United States scrapped plans to buy domestic oil for its emergency reserve.
The German airline Condor has applied for an additional 200 million euros in state aid in the wake of the coronavirus outbreak, two people with knowledge of the matter said on Thursday.
While Gorman's move is sure to calm frayed nerves on Wall Street, the bank had just completed a reduction in force of about 2% last year.
The International Air Transport Association (IATA) on Thursday urged the world's major economies to act quickly to prevent irreversible damage to an airline industry that has seen demand crushed by the coronavirus crisis.
Morgan Stanley pledged to not cut any jobs this year, according to a memo seen by Reuters, as the Wall Street bank sought to reassure employees worried about their jobs during the coronavirus pandemic.
The $2 trillion coronavirus relief package passed by the Senate contains a big boost in unemployment benefits for Americans. Here's what you need to know.
Japanese conglomerate Mitsubishi Corp could potentially take a 10% stake in French carmaker Renault as part of scenarios being discussed to reinforce an alliance between Renault, Nissan and Mitsubishi Motors, Les Echos newspaper reported on Thursday.
Americans should receive direct deposits for financial aid within three weeks as soon as the coronavirus economic relief bill is signed into law, the U.S. Treasury Secretary said, adding that the record jobless claims announced on Thursday "are not relevant."