Starbucks sees 47% drop in second-quarter earnings on coronavirus hit
Starbucks Corp on Wednesday forecast a 47% drop in second-quarter earnings, scrapped its full-year forecast and warned that the financial hit from the coronavirus pandemic...
Fed’s Kaplan sees U.S. growth returning in second half, but consumers staying cautious
The U.S. economy is headed for a return to growth in the second half of the year after a steep decline this quarter, Dallas Federal...
Streaming service Disney+ crosses 50 million paid subscribers mark globally
Walt Disney Co said on Wednesday Disney+ has garnered over 50 million paid users globally, with 8 million of them coming from India where the...
JPMorgan takes action against traders for using WhatsApp at work: Bloomberg News
JPMorgan Chase & Co, the largest U.S. bank, has taken action against more than a dozen traders for using WhatsApp at work, firing one and...
Costco’s March same-store sales jump as coronavirus triggers surge in buying
Costco Wholesale Corp reported a 9.6% jump in March comparable sales, as customers stocked up on essentials to weather coronavirus-led lockdowns....
Wall Street rallies on hopeful coronavirus signs, healthcare lift
U.S. stock markets jumped on Wednesday on hopeful signs about the coronavirus outbreak in the United States was close to a peak, with health insurers...
Dow Jones Chief Executive Lewis to step down
Dow Jones Chief Executive Officer Will Lewis is stepping down, parent company News Corp said on Wednesday....
JetBlue seeks U.S. approval to temporarily halt flights to 11 airports
JetBlue Airways Corp on Wednesday asked the U.S. Transportation Department for emergency approval to temporarily suspend service to 11 U.S. airports, including Dallas, Houston, Minneapolis,...
Oil futures rise on hopes of production cuts
Oil futures strengthened late in the session on Wednesday, buoyed by hopes that OPEC and its allies will strike a production cut agreement on Thursday....
McDonald’s pulls forecast as coronavirus outbreak hits sales
McDonald’s Corp global comparable sales tumbled 22.2% in March and the burger chain pulled its full-year forecast as coronavirus-related lockdowns forced it to shutter stores...