The number of Americans filing for unemployment benefit unexpectedly fell last week, but could rise in the coming weeks as the coronavirus pandemic causes companies to layoff workers amid supply chain disruptions and waning demand for some goods and services.
U.S. lawmakers plan to unveil a bill on Thursday that could be used to block Huawei Technologies Ltd from accessing U.S. banks for certain transactions, in a bid to thwart the Chinese telecoms giant amid frustration over the failure of prior sanctions to curb its business.
Economist Mohamed El-Erian said Thursday, "Hell no," about so-called V-shaped bounce; Wall Street talk for a quick down and quick up. He said the market chart would look like a "U" or an "L."
American Airlines Inc and Delta Air Lines Inc both said Thursday they will cap air fares on flights from Europe to the United States that are impacted by new travel restrictions as Americans flock to European airports trying to return home.
Oil prices fell on Thursday following surprise travel restrictions imposed by U.S. President Donald Trump in an attempt to halt the spread of coronavirus after the World Health Organization described the outbreak as a pandemic.
President Trump has boosted the SBA's lending authority by $50 billion to boost credit lines to America's small business community, as panic sets in over credit liquidity.
LATAM Airlines Group and Brazil carrier Azul SA said on Thursday they will cut capacity on international flights by up to 30% as demand collapses due to the global coronavirus outbreak.
Shares in Boeing Co dropped more than 16% on Thursday on increased concerns over a fallout from news of sweeping U.S. travel restrictions on Europe meant to curb the spread of coronavirus.
"They know nothing. We know more than they do, and that's not acceptable either," CNBC's Jim Cramer said.
The IRS is giving some relief to individuals in high-deductible medical plans: Their insurance may cover the cost of COVID-19 testing and treatment. Be aware this is guidance and not a mandate, so check with your plan first.
Canada's Bombardier Inc said late Wednesday Chief Executive Officer Alain Bellemare would step down and be replaced by former company executive and Hydro-Quebec CEO Eric Martel.
A United States travel ban on European visitors will hit U.S. airlines, their employees, and travelers "extremely hard", trade group Airlines for America said on Wednesday.
The new U.S. ban on foreign citizens entering the country if they have traveled to Europe in recent weeks will heap more pressure on airlines already reeling from the coronavirus pandemic, hitting European carriers the hardest, analysts said.
Activist investor Carl Icahn has increased his stake in Occidental Petroleum Corp to almost 10%, scaling up his fight to take control of the oil producer, the Wall Street Journal (WSJ) reported on Wednesday.
Rio Tinto Ltd will pay out part of a delayed bonus to former Chief Executive Sam Walsh after a dispute resolution process found that the payments should not be held up, both parties said on Thursday.