Business & Finance News
Global benchmark Brent rose more than 1% on Thursday to its highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts and recovering demand as governments ease coronavirus restrictions on people’s movements.
A group of U.S. senators is urging Delta Air Lines Inc and JetBlue Airways Corp to immediately reverse their decisions to reduce employees’ hours, saying that the moves are inconsistent with the requirements of taxpayer-funded payroll assistance.
President Donald Trump traveled on Thursday to the crucial U.S. election battleground state of Michigan to visit a Ford Motor Co plant amid hostility with its Democratic governor over how quickly to reopen its economy during the coronavirus pandemic.
Facebook Inc will permanently embrace remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg told employees on Thursday, accelerating the tech sector’s geographic diversification away from its home in Silicon Valley.
Wall Street receded on Thursday, a day after hitting two-month highs, on a fresh wave of China-U.S. tensions, raising doubts about the trade deal reached early this year between the world’s two largest economies.
Facebook Inc will shift toward more permanently embracing remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg told employees in a publicly broadcast livestream on Thursday.
Warehouse employees last month staged a walkout in Michigan to demand safer working conditions at their facility. So did workers in New York, Illinois and Minnesota.
Millions more Americans filed for unemployment benefits last week, more than two months after a shutdown of the country to deal with the coronavirus crisis, pointing to a second wave of layoffs in industries not initially impacted by closures caused by the pandemic.
The Trump Administration’s coronavirus relief payment provided a fillip to sales of major retailers in April as millions of Americans used the money to buy everything from video games to sewing machines even as the country struggles with record job losses.
President Donald Trump travels on Thursday to the crucial U.S. election battleground state of Michigan to visit a Ford Motor Co plant amid hostility with its Democratic governor over how quickly to reopen its economy during the coronavirus pandemic.
Southwest Airlines Co will continue to limit bookings on its flights through at least July to give passengers space between seats, CEO Gary Kelly told shareholders on Thursday, mirroring a plan by competitor Delta Air Lines Inc .
Wall Street’s main indexes eased on Thursday from more than two-month highs hit in the previous session, as growing Sino-U.S. tensions and concerns about a rebound from a coronavirus-led economic slump hit sentiment.
Southwest Airlines Co will continue to limit bookings on its flights through at least July to give passengers space between seats, CEO Gary Kelly told shareholders on Thursday, mirroring a plan by competitor Delta Air Line In .
Michigan’s governor announced more steps to re-open the state’s economy on Thursday, offering timelines for the resumption of some businesses and allowing some social gatherings as long as guidelines to curb the spread of the coronavirus are observed.
Southwest Airlines Co will continue to limit bookings on its flights to allow for social distancing through at least July, CEO Gary Kelly told shareholders on Thursday, saying the airline would add more flights to meet any extra demand.
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