Dollar gains on safe-haven bids; shrugs off horrible U.S. jobs number
The dollar firmed against major currencies for a third straight day on Friday, as investors took shelter in the U.S. currency amid worsening economic fallout...
U.S. small businesses flood Bank of America with loan applications
Bank of America Corp said on Friday it has already received about 35,000 applications for federally backed small-business loans within hours of starting to accept...
Global stocks edge lower on economic toll from coronavirus; oil rallies
Global stock markets sank on Friday following more signs that the COVID-19 pandemic would take a massive toll on economic growth, while oil prices continued...
Deep oil output cuts won’t offset unprecedented demand loss: IEA
Deep output cuts by OPEC and other oil producing nations will not prevent a huge build up of crude, the head of the IEA said...
Brent crude jumps above $33 on hopes of oil output deal
Crude futures surged for a second day on Friday, with benchmark Brent up 11% on hopes that a global deal to cut crude supply worldwide...
Wall Street falls as coronavirus ends record job growth
Wall Street’s main indexes fell on Friday as the longest period of employment growth on record in the United States came to an abrupt end,...
U.S. biofuels industry seeks bailout to weather ‘collapsing demand’: letter
The U.S. biofuel industry has asked the Trump administration for funds from the U.S. Department of Agriculture’s Commodity Credit Corporation to help it survive a...
Grounded planes insured for more than $160 billion: report
Aeroplanes with a total insured value of more than $160 billion are grounded around the world, presenting risks for insurers, a report said on Friday....
Here’s how the U.S.’s Main Street bailout program is going so far
The Trump administration’s bailout program for small and mid-sized businesses, which aims to keep companies that employ 60 million Americans afloat despite widespread shutdowns related...
Lockheed Martin adds jobs, increases supplier payments to counter coronavirus impact
Defense contractor Lockheed Martin Corp said on Friday it hired about 1,000 employees in the last two weeks and increased payments to suppliers to counter...