CSX profit falls as coal, automotive declines weigh on results
CSX Corp reported lower quarterly profit on Wednesday after revenue declines from coal, automotive and other sectors weighed on results....
U.S. House poised to pass more coronavirus aid, avoids remote voting wrangle
The U.S. House of Representatives expects to pass a nearly $500 billion coronavirus relief bill on Thursday but will put off any decision on changing...
Securities group asks SEC to intervene for brokers in audit-trail database fight
U.S. brokers should not be forced to sign an agreement that could make them liable for breaches of a massive new industry trading database that...
Brent crude rebounds from more-than 20-year low; U.S. oil up 20% in wild trade
Brent crude oil rebounded from two days of losses and U.S. futures surged on Wednesday, bolstered by tentative talk of additional supply cuts from OPEC...
Top U.S. oil ETF plans to diversify investment in later-dated oil contracts
The United States Oil Fund LP, the largest oil-focused exchange traded product (ETP) in the country, may begin investing in oil futures contracts expiring in...
U.S. securities regulator warns investors over Chinese company disclosures
The head of the U.S. securities regulator on Wednesday warned investors against putting money into Chinese companies as they rebalance their portfolios following market turmoil...
Wall Street surges as Congress preps more stimulus and oil bounces back
Wall Street surged on Wednesday as oil prices recovered some ground and Congress looked on course to seal nearly $500 billion more in aid to...
EU says air travel will require social distancing, U.S. airlines taking their own steps
The European Commission will next month present a set of rules for the safe reopening of air travel when coronavirus lockdowns end, including social distancing...
Exclusive: Quibi downloads reach 2.7 million, casting to TV to start in May
New streaming service Quibi, which offers entertainment and news in episodes of 10 minutes or less on mobile phones, has been downloaded more than 2.7...
Pricing the benefits of cheap oil in a world of economic lockdowns
The oil price collapse that took U.S. crude prices sub-zero for the first time in history may turn out to be a silver lining for...