Macy’s to reopen 68 stores, targets all within six weeks
Macy’s Inc plans to reopen 68 U.S. stores on Monday in states that have loosened coronavirus lockdowns, the department store operator said on Thursday, as...
ConocoPhillips to sharply cut oil production as low prices hit earnings
U.S. oil and gas company ConocoPhillips said on Thursday it would sharply reduce oil production in coming weeks, aiming to shut in 35% of its...
Oil prices set to cap off nightmare month with gains
Oil prices jumped for a second day on Thursday, lifted by signs the U.S. crude glut is not growing as quickly as expected and clawing...
Federal Reserve to expand reach of Main Street lending program
The U.S. Federal Reserve on Thursday said it was expanding the scope and eligibility of its soon-to-launch “Main Street Lending Program” to reach a greater...
McDonald’s profit misses estimates, shares drop 4%
McDonald’s Corp missed Wall Street estimates for quarterly profit on Thursday as some restaurants in Europe and elsewhere remained closed to curb the spread of...
Millions of Americans continue to seek jobless benefits; consumer spending tanks
Millions more Americans filed claims for unemployment benefits last week, suggesting that layoffs were spreading to industries that were not initially directly impacted by business...
Comcast warns of steeper impact of coronavirus as first quarter revenue narrowly misses forecast
Comcast Corp on Thursday reported first quarter revenue that fell shy of Wall Street’s estimate, and warned of a weaker second quarter as a result...
Goldman Sachs shareholders vote to approve executive compensation
Goldman Sachs Group Inc said Thursday at its annual shareholder meeting that 71% of votes were cast in favor of the bank’s executive compensation policies...
Wall Street slides at open after grim jobless claims data
Wall Street opened lower on Thursday at the end of a strong month for stock markets globally, as millions more applied for jobless claims in...
Wall St set to slide at open after jobless claims data
Wall Street’s main indexes were set to open lower on Thursday at the end of a strong month for stock markets globally as a grim...