Kraft Heinz says has halted three plants due to coronavirus outbreak
Kraft Heinz Co has moved to halt production at three different plants because of a decline in demand stemming from the new coronavirus outbreak, its...
Richmond Fed’s Barkin: Employment numbers to get worse before getting better
U.S. employment numbers will get worse amid the ongoing coronavirus outbreak before getting better, Richmond Federal Reserve President Thomas Barkin said in an interview with...
Global currency funds notch wins amid coronavirus volatility
Global currency fund managers racked up gains in the first quarter as they benefited from the extreme volatility that the coronavirus pandemic has stoked across...
Fed Chair Powell spoke with Trump as central bank geared up for virus response
Federal Reserve Chair Jerome Powell had two previously undisclosed phone calls with U.S. President Trump in February, calendars released on Friday show, including a brief...
OPEC+ debates biggest-ever oil cut as pandemic crushes demand
OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of global supply, an OPEC source...
Hedge fund Glenview off 30% as coronavirus weighs on portfolio
Glenview Capital Management, the hedge fund run by Larry Robbins, has lost roughly 30% in the first three months of 2020 as the spread of...
Brent crude surges 10% on hopes of oil output deal
Crude futures surged for a second day on Friday, with benchmark Brent up 10% on hopes that a global deal to cut crude supply worldwide...
U.S. airlines face deadline to apply for federal payroll grants
U.S. airlines and airport contractors faced a deadline of 5 p.m. EDT (2100 GMT) on Friday to tap the federal government for up to $32...
U.S. warns airlines to quickly refund tickets after canceled flights
The U.S. Transportation Department on Friday issued a notice to airlines reminding them they are obligated to refund tickets when they cancel a flight or...
Canada signs agreement with Amazon Canada to distribute medical equipment
Canada has signed an agreement with Amazon Canada to ensure medical equipment is delivered where it is most needed in the country’s fight against the...