Wall Street gains on oil surge, but off early highs
U.S. stocks rose on Thursday as hopes for a truce in the price war between Saudi Arabia and Russia and a cut oil output drove...
As millions lose jobs, Fed policymakers say recession is here
The U.S. recession is here. How long it will last will depend on the course of a viral pandemic that could still kill hundreds of...
U.S. Air Force recommends paying Boeing up to $924 million: sources
The U.S. Air Force has recommended the release of up to $924 million in payments to Boeing that were held back due to flaws in...
Trump touts ‘great’ Saudi-Russia oil deal to halt price rout, 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...
Coronavirus punishes Warren Buffett’s equity holdings
The coronavirus pandemic may have erased around $64 billion of value from Warren Buffett’s equity portfolio at Berkshire Hathaway Inc , setting up the conglomerate...
Oil crash poses severe test for OPEC+ after Moscow, Riyadh miscalculate
U.S. President Donald Trump says he has brokered a deal with Saudi Arabia and Russia that would see sweeping oil output cuts. Riyadh has called...
Yield-thirsty investors eye stock dividends as virus fears shrink bond payouts
Battered S&P 500 stocks may get fresh interest from investors turning to dividends in a world of shrinking bond yields....
U.S. direct payments likely to begin April 13: House panel
Americans should start receiving direct deposit payments from the U.S. government around April 13 to help them cope with the coronavirus pandemic, but others may...
GE to furlough 50% of U.S. engine assembly, component manufacturing ops staff
General Electric Co said on Thursday it would furlough about half its workers in the U.S. engine assembly and component manufacturing operations, a move that...
Facebook launches fact-checking service on WhatsApp in Italy to fight coronavirus hoaxes
Facebook Inc. launched a service in Italy to check the accuracy of information on coronavirus circulating on its messaging platform WhatsApp, the U.S. tech firm...