S&P 500, Dow drop as Buffett ditches airlines, China tensions flare
The S&P 500 and Dow Jones dropped for the third session on Monday following a U.S.-China dispute over the origins of the coronavirus outbreak and...
France deals blow to Amazon as warehouses remain shut
France has rejected a request from e-commerce giant Amazon to tap a state-funded scheme to subsidise furloughed employees at its six closed warehouses in the...
Massive U.S. stock bounce stokes doubts, provokes bears
Investors are treating the U.S. equity market’s blistering rally with a dose of caution, socking away cash, staying on the sidelines or buying insurance against...
Wells Fargo receives ‘outstanding’ rating for community lending
Wells Fargo & Co said on Monday it has received an “outstanding” rating on a U.S. regulatory test for community lending between 2012 and 2018....
Banks baffle investors as art meets science in accounting rule
Like the myriad approaches governments are taking to tackle the coronavirus crisis, the way the world’s top banks are calculating their potential losses also differs...
S&P 500, Dow dip as Buffett dumps airlines, China tensions flare
The S&P 500 and Dow Jones indexes retreated on Monday following a U.S.-China spat about the origins of the coronavirus outbreak, while major carriers slumped...
U.S. airline shares tumble as Buffett sell-off adds to worries
Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett said Berkshire Hathaway offloaded its entire stake in the carriers...
GE Aviation to cut workforce by up to 13,000 jobs, or 25%
General Electric Co said on Monday it was planning to cut the global workforce of its aviation unit this year by as much as 25%,...
Oil falls on renewed U.S.-China tensions, global glut
Oil prices fell on Monday on worries that a global oil glut may persist even as coronavirus pandemic lockdowns start to ease and amid a...
U.S. airline shares tumble as Buffett stake sell-off fuels investor worries
Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett said Berkshire Hathaway offloaded its entire stake in the carriers...