Crude oil futures drop at open of Asian trading
Crude oil futures fell on Sunday evening in CME Group trading, continuing last week’s weakness on the back of sliding demand due to the COVID-19...
Facebook to introduce gaming app on Monday: New York Times
Facebook Inc is planning to launch a gaming mobile app on Monday focused mainly on live game streaming in a bid to take on Amazon.com...
Wynn Resorts CEO calls for Las Vegas Strip to conditionally reopen in mid- to late May
Wynn Resorts Chief Executive Officer Matt Maddox on Sunday called on the Nevada governor to begin to reopen the Las Vegas Strip in mid- to...
Stock market gains alongside economic pain; some worry about over-optimism
The U.S. stock market has rebounded swiftly despite a raft of terrible economic news, driven by a massive boost from the Federal Reserve, hopes of...
Amazon to extend French warehouse closures after union dispute
Amazon will keep its six warehouses in France closed until at least April 22 after a stand-off with unions over sanitary conditions amid the coronavirus...
Exclusive: Neiman Marcus to file for bankruptcy as soon as this week – sources
Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to...
U.S. banks seek term changes as Fed finalizes Main Street Lending Program
U.S. banks are pushing the Federal Reserve to change the terms of a $600 billion lending program for small and medium-sized businesses, including reducing minimum...
Beer may lose its fizz as CO2 supplies go flat during pandemic
Dwindling supplies of carbon dioxide from ethanol plants is sparking concern about shortages of beer, soda and seltzer water – essentials for many quarantined Americans....
Wall Street Week Ahead: In companies’ earnings, words may matter more than numbers
Investors gearing up for another week of corporate earnings may give more weight to the words of company executives than headline-grabbing numbers, as Wall Street...
NY Fed’s markets head says bank is trying to match ‘speed and the scale’ of pandemic
The Federal Reserve is moving as quickly as possible to set up new emergency lending facilities to support credit markets and the economy, and its...