A German supermarket chain called on Monday for students whose universities have shut due to the coronavirus crisis to help it refill its shelves after shoppers stockpiled many essential goods, known as “hamstering” in German.
United Airlines lost $1.5 billion in revenue and warns it is going to get worse. …read more […]
Brent fell by 10% on Monday, and U.S. crude to below $30, as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China’s factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus.
Let’s talk about the popular Prudential Financial, Inc. (NYSE:PRU). The company’s shares saw a decent share price… …read more […]
The U.S. stock market rout triggered by a deadly coronavirus outbreak suggests President Donald Trump is in grave danger of losing the November election, according to a forecasting model by Moody’s Analytics, a leading Wall Street research firm. A drop in the Standard & Poor’s 500 stock index to 2,500 points – roughly Thursday’s closing level – would signal enough economic anxiety to cost Trump the election, Bernard Yaros, an economist at Moody’s Analytics, said on Friday. …read more […]
When the U.S. Federal Reserve cut interest rates to near zero on Sunday, the dollar fell, since the move blew away the yield on owning dollars and with it much of their attraction.
Payments group Finablr on Monday expressed doubts about its ability to continue as a going concern and said its chief executive would step down.
Hong Kong’s Cathay Pacific Airways Ltd on Monday said it would sell six Boeing 777-300ER aircrafts and its associated equipment for $703.8 million to BOC Aviation Ltd .
When Japanese conglomerate Marubeni booked a loss of 3.9 billion yen ($35 million) at its U.S. grain trader Gavilon in November, it blamed adjustments for “inappropriate transactions” with Italy and Spain.
Valero Energy Corporation (NYSE:VLO) shareholders (or potential shareholders) will be happy to see that the… …read more […]
The owner of British Airways and easyJet, Europe’s no.3 and no.4 airlines, warned aircraft would be grounded on an unprecedented scale in a battle to survive the coronavirus, but while easyJet said state aid was needed, BA’s owner talked of self-help.
Airlines made unprecedented cuts to flights, costs and staffing on Monday, and stepped up calls for emergency government aid, as coronavirus lockdowns and new travel restrictions hit more major routes.
Fiat Chrysler Automobiles (FCA) is halting production for two weeks at most of its European plants to help protect staff against the coronavirus pandemic and adjust to a slump in demand, the Italian-American carmaker said on Monday.
Wall Street looked set to crater on Monday after the Federal Reserve’s aggressive move to cut interest rates to nearly zero heightened fears of the economy tipping into a coronavirus-driven recession.
France’s competition watchdog on Monday fined iPhone maker Apple 1.1 billion euros for anti-competitive behavior in its distribution network and an abuse of economic dependence on its resellers.
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