Dollar extends gains as U.S. retail slump sparks flight to safety
A flight to safety bid pushed the dollar higher against its peers on Thursday after dire retail and factory data showed the severity of the...
United cuts May schedule by 90%, tells employees to brace for job cuts: memo
United Airlines Holdings Inc told employees on Wednesday that it has cut its flight schedule by 90% in May and possibly June, and to prepare...
With confidence shattered, the road to a ‘normal’ U.S. economy looks long
U.S. air travel was shut down for three days after the Sept. 11, 2001, attacks. It took three years for the industry to recover despite...
Exclusive: New York taps McKinsey to develop ‘Trump-proof’ economic reopening plan
New York Governor Andrew Cuomo has hired high-powered consultants to develop a science-based plan for the safe economic reopening of the region that can thwart...
Your questions on the lockdown and U.S. small business, answered
After closing their doors to prevent the spread of the coronavirus, many small businesses face an uncertain future following government-ordered lockdowns....
Trump to announce ‘guidelines’ on reopening U.S. economy Thursday
U.S. President Donald Trump said on Wednesday that data suggested the country had passed the peak on new coronavirus infections, and said he would announce...
Amazon’s EU head of operations steps down amid virus crisis
Amazon.com Inc’s vice president of the European Union segment, Roy Perticucci, has stepped down, the company confirmed on Wednesday....
Google to slow hiring for rest of 2020, CEO tells staff: Bloomberg
Google Chief Executive Officer Sundar Pichai told his staff on Wednesday that parent Alphabet Inc will slow hiring for the rest of the year, Bloomberg...
Wells Fargo, BofA and JPMorgan grant overdraft relief as stimulus checks roll in
The top U.S. retail banks said on Wednesday they would provide relief to customers who had overdrawn checking accounts, so that they could reap the...
Costco bucks dividend suspension trend with near 8% raise
Costco Wholesale Corp said on Wednesday it would raise its quarterly dividend by 7.7% to 70 cents per share, at a time when several major...