The National Bureau of Economic Research said Monday that the COVID-19 crisis has officially launched the U.S. economy into a recession, thus ending the longest economic expansion on record. Yahoo Finance’s Zack Guzman and Brian Cheung discuss. …read more […]
Nestle SA is selling the North American business of its Buitoni pasta brand to private-equity firm Brynwood Partners, the Swiss food group said on Monday.
California-based power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings as it tries to emerge from Chapter 11 bankruptcy by the end of this month.
Volkswagen on Monday replaced Herbert Diess as chief executive of the VW brand and installed chief operating officer Ralf Brandstaetter to lead cost cutting efforts at the company’s largest plants in Germany.
U.S. stocks rose on Monday, with the Nasdaq hitting a record high for the second straight session, after a surprisingly upbeat jobs report last week raised bets of a swift recovery from a coronavirus-driven downturn.
A South Korean court on Tuesday denied an arrest warrant request for Samsung Group heir Jay Y. Lee after prosecutors accused him of accounting fraud and stock manipulation, the court spokesperson said in a statement.
GOP officials consider voting for Joe Biden, according to The New York Times. Yahoo Finance’s Rick Newman shares the details. …read more […]
Austria is granting Lufthansa’s Austrian Airlines unit a 450 million euro ($508 million) bailout that will protect Vienna as a transit hub and safeguard “the bulk” of the flag carrier’s 7,000 jobs, the government said on Monday.
The Nasdaq composite rose to a new record high on Monday, and looks on track to confirm that it has been in a bull market for two and a half months according to many definitions, after Wall Street’s nosedive on worries about coronavirus.
Volkswagen on Monday named Ralf Brandstaetter as the new chief executive (CEO) of its core VW car brand, replacing Herbert Diess, who retains his title as head of Volkswagen Group, the carmaker said.
Let the predictions begin for the stock market should President Trump not win re-election. …read more […]
A gauge of global equity markets rose on Monday on hopes of a fast recovery from the coronavirus economic slump while oil slid after Saudi Arabia said an extension of output cuts by producer nations would not include extra cuts by three Gulf countries.
AstraZeneca approached drugmaker Gilead about a potential merger. Raymond James Healthcare Policy Analyst Chris Meekins joins Yahoo Finance’s On The Move to discuss. …read more […]
The National Bureau of Economic Research said Monday that the COVID-19 crisis has officially launched the U.S. economy into a recession, thus ending the longest economic expansion on record. …read more […]
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