U.S. House set to pass $500 billion in coronavirus relief as unemployment soars
Hundreds of members of the U.S. House of Representatives will gather in Washington on Thursday to pass a $484 billion coronavirus relief bill, bringing the...
Gap says may not have enough money to run operations
Gap Inc warned on Thursday it may not have enough funds to run its operations in the next 12 months as it weathers the impact...
Futures retreat ahead of jobless claims, business activity data
U.S. stock index futures headed lower on Thursday as investors braced for another staggering jobless claims report and a plunge in business activity data as...
Mideast, African governments failing to protect airlines: IATA
Middle Eastern and African governments are failing to take the action required to protect their airlines from the economic crisis caused by the new coronavirus...
Markets brush off ugly data, pin hopes on stimulus
World stocks inched up on Thursday on hopes for a massive joint stimulus fund to support the European Union during the coronavirus crisis and on...
Blackstone’s first-quarter profit rises but coronavirus weighs
Blackstone Group Inc , the world’s largest manager of alternative assets such as private equity and real estate, reported a 4% rise in its first-quarter...
Gap says current cash and credit lines may not be sufficient to fund operations
Gap Inc said on Thursday its existing cash levels and credit facilities may not be sufficient to run its business and it would have to...
Drowning in crude, U.S. drillers say Trump strategic reserve plan is no lifeline
President Donald Trump’s plan to fill the U.S. emergency crude oil stockpile has become the centerpiece of his administration’s strategy to shield drillers from a...
Target’s online sales skyrocket as shoppers stock up from their homes
A surge in online sales for Target Corp in March and April offset the bulk of damage done by coronavirus lockdowns to in-store sales, but...
U.S. House to pass nearly $500 billion more in coronavirus relief
Hundreds of members of the U.S. House of Representatives will gather in Washington on Thursday to pass a $484 billion coronavirus relief bill, bringing the...