Wall Street falls as crude slump hammers energy stocks
Wall Street fell at the open on Monday as energy shares took a hit from a crash in oil prices, with investors bracing for a...
Record wide gap opens in U.S. oil futures contracts
An extreme situation has developed in the U.S. crude oil futures markets, as the current front-month May contract, due to expire Tuesday, has dropped by...
United Airlines sees first-quarter $2.1 billion pre-tax loss on coronavirus impact
United Airlines said on Monday it expects to report a pre-tax loss of about $2.1 billion for the first quarter, hurt by a precipitous drop...
U.S. House Republican leader: still no deal on more coronavirus money for small businesses
U.S. Democrats and Republicans were near agreement on Monday for extra money to help small businesses hurt by the coronavirus pandemic, a top Republican lawmaker...
IMF’s Georgieva says coronavirus crisis is worst since Great Depression
The crisis sparked by the spread of the novel coronavirus is the worst since the Great Depression, IMF Managing Director Kristalina Georgieva said on Monday....
Chicago Fed economic index takes recessionary plunge in March
A Chicago Federal Reserve measure of the national economy plunged to recessionary levels in March as the country responded to the coronavirus pandemic, a broad...
House Republican leader: still no deal on more coronavirus money for small U.S. businesses
U.S. House Republican leader Kevin McCarthy said on Monday there was still no deal on a funding measure that would provide more relief for small...
Halliburton books $1.1 billion charge in low price outlook
Leading fracking firm Halliburton reported a $1 billion first quarter loss and $1.1 billion in impairment charges on Monday as it gave a bleak outlook...
Exclusive: India foreign investment rules aimed at China to include Hong Kong – sources
New Indian rules to ensure scrutiny of investments from companies based in neighbouring countries, especially during the coronavirus outbreak, will also apply to Hong Kong,...
KFC to sell plant-based fried chicken made by Cargill in China
Yum China’s KFC fast food chain will begin selling plant-based fried chicken for the first time in China over a limited time period, it said...