Oil prices rose more than 1% on Thursday, recouping losses from the previous day on a smaller-than-expected rise in crude oil inventories in the United States, although the gains were capped by uncertainties over cuts by major oil producers.
Wells Fargo & Co said on Wednesday it plans to increase minimum wage to between $15 and $20 per hour for most of its U.S. markets, joining other Wall Street banks that have raised hourly pay in recent years.
The Trump administration would face resistance from the U.S. Congress if it tried to push through a mini trade deal with the European Union that did not include agriculture, U.S. Senate Finance Committee Chairman Chuck Grassley said on Wednesday.
United Airlines Holdings Inc and JetBlue Airways Corp are cutting flights and implementing cost controls in the most drastic actions by U.S. airlines to get ahead of depressed travel demand due to the spreading coronavirus.
Members of the U.S. Congress on Wednesday took another step to try to prod Britain to reverse its decision to allow China’s Huawei Technologies Co to build portions of the UK’s next generation 5G networks.
Last week, US stocks dropped firmly and settled in the connection territory as threat from the coronavirus pandemic wreaked havoc among investors. The Dow Jones Industrial Average plunged by 9.13% between February 23 and February 28, recording the biggest two-day point decline in history on Tuesday and Wednesday. The S&P 500 lost 8.24% and the […] …read more […]
Asian shares were looking to rally for a fourth straight session on Thursday as U.S. markets swung sharply higher and another dose of central bank stimulus offered some salve for the global economic outlook.
The global spread of the novel coronavirus has crushed hopes for stronger growth this year and will hold 2020 global output gains to their slowest pace since the 2008-2009 financial crisis, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday.
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As South Korea’s coronavirus cases leapt above 5,000 this week, mask-wearing workers at a logistics center run by e-commerce firm Coupang Corp raced to disinfect trucks and load thousands of boxes of microwavable rice, disposable diapers and kitchen towels.
(Bloomberg) — Concerns over the coronavirus are putting an end to some of the biggest business conferences of the year. International Business Machines Corp. is the latest to cancel its main annual event, which was scheduled to draw some 30,000 people to San Francisco in May.IBM said Wednesday it will instead stream video and other online content in place of the in-person convention for IBM Think 2020. The company also said it’s adopting stricter travel requirements for employees. That includes the suspension of all domestic travel for internal meetings, a ban on attending external events with more than 1,000 attendees …read more […]
One of the things that has attracted me to Aurora Cannabis (ACB) for some time has been its decision to forego giving up control of the company as Canopy Growth (CGC) has done, which eventually resulted in Constellation Brands taking control of Canopy, while changing its business model.With Aurora under pressure because of the problems associated with the Canadian cannabis market, especially the snails pace of awarding licensing and opening retail outlets, resulting in too much supply because Aurora and others had based production capacity built-out, to a major degree, on hundreds more stores being opened by now.In this article …read more […]
United Airlines Holdings Inc is slashing its spring flying schedule and implementing some cost controls in the most drastic actions by a U.S. airline to get ahead of depressed travel demand due to the spreading coronavirus.
The former head of Uber Technologies Inc’s self-driving technology unit, Anthony Levandowski, filed for bankruptcy protection on Wednesday, shortly after a court confirmed that he must pay $179 million to Google to end a legal battle over his split from the Alphabet Inc unit. Levandowski, who had been a key engineer in Google’s self-driving project, and colleague Lior Ron engaged in unfair competition and breached their legal obligations by starting a rival company and bringing over Google employees, an arbitration panel ruled in December. …read more […]
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