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Russia does not rule out returning to oil talks with Saudi Arabia
Russian Energy Minister Alexander Novak said on Thursday that Moscow may return to oil talks with Saudi Arabia.
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JPMorgan CEO Jamie Dimon back at work after heart surgery
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon has returned to lead the largest U.S bank, after recovering from recent heart surgery, according to an internal memo to employees seen by Reuters.
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Walgreens Slumps After Executives Flag Downturn in Sales
(Bloomberg) — Walgreens Boots Alliance Inc. sank after executives said sales have started to decline at its drugstores as a result of the coronavirus pandemic, though the full impact on its business won’t be known for months.U.S. consumers had raced early last month to stock up on drugs, cleaning supplies and toilet paper as they prepared to stay at home to avoid getting or spreading Covid-19. Now, that rush appears to be ebbing.In the first three weeks of March, Walgreens’ comparable sales rose about 26%, Chief Financial Officer James Kehoe said on a call Thursday with Wall Street analysts, adding …read more […]
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Wall Street falls at open as jobless claims top 6 million
U.S. stock indexes fell at the open on Thursday after U.S. jobless claims blew past a record 6 million as more states enforced stay-at-home measures to combat the coronavirus pandemic.
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Ford first-quarter U.S. auto sales tumble 12.5% on coronavirus hit
Ford Motor Corp on Thursday posted a 12.5% fall in U.S. auto sales for the first quarter, as production halts and social distancing in the face of the coronavirus pandemic stalled demand across the auto industry.
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How Does United Technologies's (NYSE:UTX) P/E Compare To Its Industry, After The Share Price Drop?
Unfortunately for some shareholders, the United Technologies (NYSE:UTX) share price has dived 31% in the last thirty… …read more […]
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Luckin Coffee stock plummets after COO suspended following alleged misconduct
Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss China’s investigation into Luckin Coffee’s alleged fake sales. …read more […]
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J.P. Morgan: 3 Risky Stocks to Sell Now
New month, same volatility. Kicking off the second quarter of 2020, all three of the major U.S. stock indexes dropped more than 4% yesterday in response to an update from the Trump administration. Late on March 31, the President stated the next two weeks will be “painful,” with health officials predicting a significant spike in COVID-19-related deaths.As U.S. stock futures tick up on April 2, investors are worried the volatility is here to stay, and new economic data hasn’t calmed these fears. According to an ADP National Employment report, last month, private payrolls fell for the first time since 2017, …read more […]
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Futures pare gains as U.S. weekly jobless claims top 6 million
U.S. stocks index futures gave up early gains on Thursday after the number of Americans filing claims for unemployment benefits topped a whopping 6 million as more jurisdictions enforced stay-at-home measures to curb the coronavirus.
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Southwest Airlines to seek aid from U.S. Treasury as demand craters
Southwest Airlines Co said on Thursday it intends to file an application with the U.S. Treasury department for aid to help it ride out the sharp drop in travel demand caused by the massive lockdowns because of the coronavirus pandemic.
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U.S. weekly jobless claims hit record once again
The number of Americans filing claims for unemployment benefits last week shot to a record high for a second week in a row – topping 6 million – as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.
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‘Dear Elon’: Ukraine takes up Tesla’s ventilator offer via Twitter
Ukraine has taken to Twitter to ask Elon Musk to send it ventilators after the billionaire chief executive of Tesla Inc offered to ship them across the world during the coronavirus pandemic.
Business News
Aerospace suppliers face bailout dilemma over job cuts
Aerospace suppliers are drawing up plans to lay off workers as coronavirus quarantines cripple their cash balances – but bailout conditions and fears of losing critical skilled labor are forcing managements to juggle survival and future growth.
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Jobless claims soar to record-breaking 6.648 million
The Labor Department released fresh data Thursday morning that showed the novel coronavirus’ effect on employment in the U.S. …read more […]