Starbucks Corp said on Monday it would roll out a new plant-based lunch menu in China this week, launching Beyond Meat Inc’s products in a country where it is trying to recover from the novel coronavirus pandemic-led shutdown.
(Bloomberg) — Asian stocks retreated, with South Korean shares underperforming, and the dollar climbed after news that the U.S. is monitoring information surrounding the health of North Korea’s dictator.Equities declined across Asia-Pacific markets, with 2% or more losses in South Korea and Hong Kong. Shanghai and Tokyo benchmarks were down about 1%. U.S. futures surrendered gains and were down more than 1% at one point. While the yen traded flat, the dollar climbed against most major currencies. Treasuries were little changed.The U.S. has information that North Korea’s Kim Jong Un is in critical condition, Bloomberg reported, while CNN said America …read more […]
The contract for West Texas intermediate crude, or WTI, is the benchmark for U.S. crude oil prices. WHAT DOES A NEGATIVE FUTURES PRICE MEAN? Because of oversupply, storage tanks for WTI are becoming so full it is difficult to find space. …read more […]
Krishna said the shift to remote work is accelerating the move towards cloud services offered by IBM. The company’s hybrid cloud offers combined management of on-premises and remote computers for clients. Executives said most IBM customers were relatively well positioned for the pandemic and the company would continue to pay dividends. …read more […]
U.S. crude oil bounced back into positive territory on Tuesday, after a historic plunge below zero that shocked investors and pushed down stock prices and Asian currencies.
Virgin Australia Holdings Ltd said on Tuesday it has entered voluntary administration to recapitalize the business and emerge in a stronger financial position after being battered by the coronavirus crisis and a high debt load.
Nissan Motor Co on Tuesday said that it would temporarily shut down operations at its global headquarters and other facilities in Japan through early May to contain the spread of the coronavirus at its sites.
The U.S. Congress on Monday inched toward a $450 billion deal to help small businesses and hospitals hurt by the coronavirus pandemic, with House Speaker Nancy Pelosi saying negotiators had come to terms on the ‘principles’ of the package as the Senate set a Tuesday session for a potential vote.
Oil prices rebounded on Tuesday, with U.S. crude turning positive after trading below $0 for the first time ever, but gains were capped amid unresolved concerns about how the market can cope with fuel demand decimated by the coronavirus pandemic.
U.S. House Speaker Nancy Pelosi said on Monday Republican and Democratic negotiators have come to terms on the “principles” of the next coronavirus relief package, which is expected to focus on more aid for small businesses and be taken up in the U.S. Congress this week.
The U.S. Treasury Department said on Monday it has disbursed $2.9 billion in initial payroll assistance to 54 smaller passenger carrier and two major passenger airlines, while it finalized grant agreements with six major airlines.
The price of a barrel of benchmark U.S. oil plunged below $0 a barrel on Monday for the first time in history, a troubling sign of an unprecedented global energy glut as the coronavirus pandemic halts travel and curbs economic activity.
Lord & Taylor is exploring filing for bankruptcy protection after it was forced to temporarily shut all of its 38 U.S. department stores in the wake of the coronavirus outbreak, people familiar with the matter said on Monday.
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