Number of workers who contracted COVID-19 at JBS plant in Brazil is 12: source
Some 12 workers at a Brazilian chicken plant operated by JBS SA have contracted COVID-19, a source close to the company told Reuters on Friday...
Tech titans Apple and Microsoft propel Wall Street rally
Wall Street rallied on Friday, led higher by Apple and Microsoft as investors finished a turbulent week of trading and some states prepared to relax...
Air France-KLM wins aid deal, flags likely share issue
Air France-KLM secured 7 billion euros ($7.6 billion) in French government aid on Friday, as the airline industry struggles to survive the coronavirus crisis that...
CBO sees $3.7 trillion U.S. deficit from coronavirus pandemic
A nationwide business shutdown and a surge in U.S. government spending will nearly quadruple the federal deficit to a record $3.7 trillion this fiscal year,...
Scaramucci’s SkyBridge hit with heavy redemption requests as fund fell: letter
Investors in SkyBridge Capital asked for hundreds of millions of dollars back after the fund suffered a 23% loss in March when investments made by...
Oil rises, but ends wild week lower as coronavirus slashes fuel demand
Oil prices rose on Friday but still posted a weekly loss, the eighth in nine weeks, as global production cuts could not keep pace with...
Congressional estimators see major U.S. economic decline in mid-2020 as coronavirus stifles activity
The U.S. economy faces a bleak immediate future with gross domestic product likely contracting 12% in the second quarter and the federal deficit growing to...
Wall Street Week Ahead: Spotlight falls on ‘dividend aristocrats’ after market tumult
Companies across a range of industries are slashing or suspending dividends to cope with the economic fallout from the coronavirus outbreak, complicating the stock selection...
NYSE eyes reopening trading floor, but timeline still unclear
The New York Stock Exchange plans to reopen its iconic trading floor, which is shuttered due to coronavirus concerns, as soon as possible, but it...
Wall Street curtails corporate lending in Europe to put America first: sources
U.S. investment banks are shrinking lending activity in Europe as the coronavirus crisis forces them to retreat home, allowing BNP Paribas and other European lenders...