Wall Street sinks as Fed’s shock cut increases worries over virus spread
U.S. stocks fell sharply on Monday as the Federal Reserve’s drastic move to cut interest rates to near zero fueled anxiety over the extent of...
Exclusive: U.S. airports seek $10 billion in government assistance over travel demand collapse – sources
U..S. airports are seeking $10 billion in U.S. government assistance to help offset losses incurred by the sharp drop in travel due to coronavirus, two...
U.S. shale oil output to rise to record 9.08 million barrels per day in April – EIA
U.S. oil output growth from the Permian basin is expected to offset declines in every other shale formation in April, helping push overall production up...
Boeing stock wipes out gains made during ousted CEO Muilenburg’s term
Boeing Co’s shares plunged another 20% on Monday, erasing all gains recorded during ousted CEO Dennis Muilenburg’s tenure, as the mounting economic fallout of the...
U.S. airlines seek $50 billion government bailout after coronavirus outbreak
Major airlines sought a U.S. government bailout of more than $50 billion as the White House move urgently drafting a financial assistance package in the...
Oil slumps below $30 a barrel as coronavirus spreads, OPEC rancor remains elevated
Oil prices fell below $30 a barrel on Monday as the worldwide coronavirus outbreak worsened over the weekend, exacerbating fears that government lockdowns to contain...
Uber Eats waives delivery fee for independent restaurants as virus spreads
Uber Technologies Inc’s food delivery business, Uber Eats, said on Monday it would waive delivery fee for independent restaurants across the United States and Canada....
U.S. airlines urgently need $50 billion in grants, loans – letter
A group representing major U.S. airlines said the industry needs $50 billion in grants and loans to survive the dramatic falloff in travel demand from...
Wall Street pounded as Fed’s shock move raises virus impact alarm
U.S. stock indexes plunged about 8% on Monday, as investors dumped risky assets for cash after the Federal Reserve’s drastic move to cut interest rates...
French carmaker PSA closes European factories due to virus spread
French carmaker PSA said on Monday the company will close its European factories until March 27 due to the coronavirus outbreak spread....