Coronavirus likely hammered U.S. economy in first quarter
The U.S. economy likely contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of...
Exclusive: Boeing eyes major bond issue to raise funds – sources
Boeing Co is working with investment banks on a multibillion-dollar bond-fueled financing package, aiming to shore up its balance sheet amid a sharp travel downturn...
Asia shares extend gains as economies slowly re-open, oil rallies
Asian shares rose for a third session on the trot on Wednesday as investors took heart from easing coronavirus lockdowns in some parts of the...
Asia shares cautious ahead of Fed, corporate earnings
Asian shares were cautiously higher on Wednesday as investors paused ahead of the U.S. Federal Reserve’s policy decision while oil prices jumped on hopes demand...
Asia stocks inch higher after mixed U.S. corporate earnings
Asian equities made cautious gains in early trade on Wednesday following mixed U.S. corporate earnings while oil prices looked set for more wild swings as...
Ford expects $5 billion loss in current quarter as coronavirus hits demand
Ford Motor Co said on Tuesday its second-quarter loss would more than double to over $5 billion from $2 billion in the first quarter due...
Starbucks expects China recovery by September as coronavirus seen easing
Starbucks Corp said on Tuesday it sees sales in China, the company’s biggest growth market, recovering by the end of September, following a massive drop...
Ford expects $5 billion loss in current quarter due to coronavirus impact
Ford Motor Co said on Tuesday its second-quarter loss will more than double to $5 billion from $2 billion in the first quarter due to...
Wells Fargo’s relationship with NRA is ‘declining’: CEO
Wells Fargo & Co’s relationship with the National Rifle Association (NRA) is “declining,” Chief Executive Charles Scharf told investors on Tuesday....
Starbucks expects comparable sales in China to plunge, shares fall
Starbucks Corp said on Tuesday it expects comparable sales in China to decline between 25% and 35% in the current third quarter, hurt by the...