Delta parks 600 jets and scales back flights as revenue tanks
Delta Air Lines said on Wednesday it was parking more than 600 jets, cutting corporate pay by as much as 50%, and scaling back its...
U.S. oil plunges to 18-year low as lockdowns trigger market meltdown
Oil prices plunged on Wednesday, with U.S. crude futures hitting an 18-year low, as governments worldwide accelerated lockdowns to counter the coronavirus pandemic that is...
Detroit automakers agree to UAW request to shutter U.S. plants: source
The Detroit Three automakers have agreed to shut down their U.S. plants to stop the spread of coronavirus, bowing to pressure from the union representing...
Tesla’s California factory operating despite virus lockdown order: witnesses
Tesla Inc’s vehicle factory in California appeared to be operating normally on Wednesday despite an order by local officials to comply with a three-week lockdown...
Exclusive: U.S. is considering measures to boost lending to low-income Americans – source
U.S. regulators are considering issuing guidance that would encourage lenders to offer loans to low-income individuals and to provide leniency on some repayments amid the...
Wall Street pounded as trading resumes
The S&P 500 index fell on Wednesday when trading resumed after an initial automatic 15-minute cutout, as investors priced in a complete breakdown in business...
Markets tumble as scale of stimulus programs numbs investors
Global equities tumbled anew on Wednesday, with bond and gold prices also falling in an unusual tandem, as markets grappled with the sheer scale of...
Delta parking 600 jets, cutting more executive pay and flights as revenue tanks
Delta Air Lines said on Wednesday it was parking more than 600 jets — at least half of its fleet — cutting more flights and...
GM to furlough all workers in Brazil on March 30, suggesting production stop
General Motors Co will furlough all its employees in Brazil starting on March 30, the company said in a statement to Reuters on Wednesday, suggesting...
Dow sinks below levels from Trump inauguration
The Dow Jones index fell more than 7% to a three-year low on Wednesday, moving into negative territory compared to levels when President Donald Trump...