U.S. crude futures trim record gain
Benchmark U.S. crude fell more than 1% in early trade on Friday, coming off its biggest one-day gain in the previous session after U.S. President...
Airbnb lowers internal valuation to $26 billion as coronavirus hits bookings: FT
Airbnb lowered its internal valuation by 16% to $26 billion, as the home rental firm deals with a sharp drop in bookings due to the...
Dollar strength consolidates as global recession looms
The dollar edged toward an almost 2% weekly rise on Friday, boosted by a surge in the oil price and as investors sought safety amid...
Samsung Electronics shuts U.S. factory after two coronavirus cases
Samsung Electronics said on Friday that it has suspended its home appliance factory in the United States after two of its workers had tested positive...
Mnuchin says small business rescue loans launch Friday, despite lender confusion
U.S. Treasury Secretary Steven Mnuchin said he was pressing ahead with the Friday launch of a $349 billion coronavirus rescue loan program for small businesses,...
Asian markets look to follow Wall Street rally as oil surges
Asian markets on Friday looked to latch onto Wall Street’s overnight gains after crude prices notched their biggest one-day surge on record, helping offset concerns...
Airline industry braces for prolonged recovery from coronavirus crisis
A full airline industry recovery from the coronavirus looks prolonged at best, analysts said, as new data showed international seat capacity had fallen to 23%...
Chipotle under pressure in New York over coronavirus sick leave
Less than two months after settling with New York City regulators over paid sick leave, Chipotle Mexican Grill Inc is under pressure for its policies...
U.S. Air Force to release $882 million to Boeing: official
The U.S. Air Force will release $882 million in payments to Boeing that were held back due to flaws in the KC-46 air refueling tanker,...
Trump touts ‘great’ Saudi-Russia oil deal to halt price rout, but details unclear
U.S President Donald Trump said on Thursday he had brokered a deal with top crude producers Russia and Saudi Arabia to cut output and arrest...