Gilead surges after report suggests COVID-19 patients responding to remdesivir
Shares of Gilead Sciences Inc soared 15% on Thursday after a media report suggested that severe COVID-19 patients were positively responding to the drugmaker’s experimental...
Oil little changed, U.S. ties 18-year low after OPEC cuts demand forecast
Oil prices ended little changed on Thursday after OPEC’s lowering of its global demand forecast for 2020 was offset by some European countries saying they...
Uber to take charge of up to $2.2 billion due to coronavirus crisis
Uber Technologies Inc said on Thursday it expected an impairment charge of about $1.9 billion to $2.2 billion against some of its minority equity investments,...
Boeing restarting commercial airplane production next week
Boeing Co said it will resume commercial airplane production next week in Washington State after suspending operations last month in response to the COVID-19 pandemic....
U.S. stock funds see third inflow in a row, high-yield corporate bond funds see record: Lipper
Investors sent record inflows to high-yield corporate bonds and broke a six-week losing streak for investment-grade debt in the week that ended Wednesday as market...
Your Money: Why you might be afraid to spend your stimulus check
If you got your stimulus payment this week from the IRS and it is still in your account, are you afraid to spend it?...
Coronavirus set to usher in big changes at U.S. offices
The novel coronavirus may do to U.S. office rentals what e-commerce did to malls, or so goes a line of thinking running through commercial real...
Coronavirus hurts corporate activism now, but rebound expected
Activist shareholders are likely to scale back campaigns in the coming weeks as target companies brace for a deep recession and their favorite calls for...
Lagardere may get help from allies in fight with Amber Capital
Lagardere gained almost 13% on Thursday after Les Echos reported the French multimedia conglomerate could get help from French tycoon Vincent Bollore and Marc Ladreit...
World stocks seesaw, yields fall on dire economic outlook
World stock markets seesawed while bond yields retreated on Thursday as dire U.S. jobless data underscored a deepening downturn amid the coronavirus outbreak and tamped...