American Eagle pulls annual forecast on coronavirus worries; shares plunge
Shares of American Eagle Outfitters Inc dropped 14% on Wednesday after the apparel retailer withdrew its full-year forecast and said current-quarter results would be significantly...
Delta to halve cash burn as it turns focus to choppy coronavirus recovery
Delta Air Lines Inc has taken steps to halve its cash burn to $50 million per day through June after posting its first quarterly loss...
Netflix to raise $1 billion to fund original content
Netflix Inc said on Wednesday it plans to raise about $1 billion in debt to beef up original content, a day after the streaming pioneer...
Explainer: Why Norwegian Air matters to Norway
Norwegian Air , the budget carrier that changed the way people travel across the Atlantic, is fighting for survival as the coronavirus pandemic deepens the...
Stimulus hopes lift Wall Street after historic oil rout
Wall Street’s main indexes rose on Wednesday on signs of more stimulus to aid small businesses ride out the coronavirus-induced economic slump and a recovery...
Whether OPEC+ formally agrees, deeper oil cuts now look inevitable
Whether or not OPEC+ oil producers formally agree to extra oil output curbs, rapidly filling storage capacity and plummeting demand due to the coronavirus crisis...
AT&T pulls 2020 financial forecast as coronavirus clouds business
AT&T Inc pulled its financial forecast for the year on Wednesday as the impact of the coronavirus pandemic clouded its view for the foreseeable future....
Brent crude rises after coronavirus drags it to lowest since 1999
Brent crude oil sank below $16 a barrel to its lowest since 1999 on Wednesday, before recovering slightly on the prospect of extra pledges to...
Saudi Arabia may re-route tankers if U.S. imposes crude import ban: sources
Saudi Arabia is looking into re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block...
Virus outbreak raises spectre of cash injection for indebted EDF
Plummeting electricity demand and falling power prices during the coronavirus outbreak could leave EDF in need of a capital injection by the end of 2020...