Defense contractor Lockheed Martin Corp said on Friday it hired about 1,000 employees in the last two weeks and increased payments to suppliers to counter the impact from the coronavirus pandemic.
The Trump administration’s bailout program for small and mid-sized businesses, which aims to keep companies that employ 60 million Americans afloat despite widespread shutdowns related to the new coronavirus, launched on Friday.
3M Co said on Friday it would increase the production of respirators and import more masks into the United States, after President Donald Trump invoked a law to help ease a shortage of essential items needed to fight the coronavirus pandemic.
Wall Street dipped on Friday as the novel coronavirus abruptly ended the longest spell of U.S. employment growth on record, but declines were limited by a surprise expansion in the U.S. services sector.
AdvisorShares CEO Noah Hamman joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss how the markets are faring amid the coronavirus outbreak. …read more […]
Top White House economic advisor Larry Kudlow said on Friday that there would be big demand for a small-business loan program but that the banks were prepared for it despite concerns that they would be overwhelmed by the need created by an economic shutdown aimed at slowing the spread of the coronavirus.
U.S. Chief Economist at S&P Global Beth Ann Bovino joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss what the latest jobs report reveals about the state of the economy. …read more […]
Airbus is studying a sharp cut in output of its top-selling A320 plane series amid an industry-wide slowdown triggered by the coronavirus crisis, sources familiar with the matter said.
U.S. services sector activity slowed to a more than 3-1/2-year low in March, with industries reporting a moderation in new orders and decline in employment amid the coronavirus pandemic, which has brought the country to sudden stop.
A price war between world oil producers has slashed Venezuela’s revenue for its top export and exacerbated the country’s financial crisis as it also faces the coronavirus pandemic, U.S. sanctions and sliding crude output. More than 90% of Venezuela’s export revenue comes from oil. Three weeks ago President Nicolas Maduro called crashing oil market a “brutal blow” that dropped the price below the cost of production. …read more […]
Alicia Levine, BNY Mellon Chief Strategist, joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Jared Blikre to discuss the latest market action. …read more […]
Benchmark Brent crude oil futures rose as high as $33.37 a barrel on Friday on rising hopes of a new global deal to cut global crude supply.
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