Wall Street jumps on coronavirus drug hopes; Fed in focus
U.S. stocks jumped to seven-week highs on Wednesday as Gilead Sciences gave an encouraging update on a potential COVID-19 treatment and upbeat earnings from Google-parent...
Fear, sticker shock over health insurance greet laid-off workers
If you were laid off in April, the health insurance from your job may stop at the end of the month. Then what?...
Shares jump after upbeat coronavirus drug data, oil surges
World stock markets surged on Wednesday following encouraging news for an experimental COVID-19 treatment and some positive earnings reports, while beaten-up oil prices surged....
Juul plans to cut a third of its workforce: WSJ
Juul Labs Inc is planning to cut around a third of its staff as the e-cigarette maker faces a relentless series of regulatory headaches and...
Coronavirus savages U.S. economy in first quarter; bigger hit still to come
The U.S. economy contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of the...
Lyft to cut 982 jobs due to coronavirus outbreak
Lyft Inc plans to lay off 982 employees, or 17% of the ride-hailing firm’s workforce, due to economic challenges caused by the coronavirus pandemic, the...
AstraZeneca sticks to 2020 outlook, boosted by drug stockpiling
AstraZeneca topped analysts’ estimates for quarterly profit and reiterated its targets for the year on Wednesday, as the British drugmaker benefited from higher demand for...
Boeing to shrink workforce and production as coronavirus slams industry
Boeing Co said on Wednesday it would cut its 160,000-person workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as...
BP donates jet fuel in U.S. to help with COVID-19 relief
BP is donating 3 million gallons of jet fuel to FedEx and Alaska Airlines [ALKAIR.UL] to help with the distribution of personal protective equipment in...
EU clears French 5 billion euro loan guarantee to Renault
The European Commission approved on Wednesday a 5 billion euro ($5.4 billion) loan guarantee to carmaker Renault group to mitigate the impact of the coronavirus...