Major U.S. internet firms agree to not cancel service over next 60 days, FCC says
The Federal Communications Commission (FCC) said Friday that major internet providers — including Comcast Corp, AT&T Inc and Verizon Communications Inc — have agreed to...
Wall Street rebound loses steam on report Trump to declare emergency
A rebound on Wall Street on Friday fizzled out following reports that President Donald Trump was set to declare a national emergency to tackle the...
Activist fund Elliott backs SoftBank’s $4.8 billion buyback plan
Activist investor Elliott Management said on Friday it supports SoftBank Group Corp’s latest move to buy back up to $4.8 billion of its shares....
Wall Street pares gains as report says Trump to declare national emergency
U.S. stock indexes erased early gains to trade just above 1% shortly after a report said President Donald Trump will declare a national emergency over...
GM, Ford to have white-collar employees work remotely starting Monday
U.S. automakers General Motors Co and Ford Motor Co said on Friday they will have most of their white-collar workforce working remotely as of Monday...
Charles Schwab reports strongest start to year as coronavirus fears grow
Charles Schwab reported the strongest start to a year with $45.3 billion in fresh assets under management during the first two months of 2020, driven...
FDA works to speed coronavirus tests with Roche, New York approvals
The U.S. Food and Drug Administration (FDA) issued emergency authorization for a faster coronavirus test made by Swiss diagnostics maker Roche and allowed New York...
Oil prices set for biggest weekly drop since 2008
Oil prices were set for their biggest weekly slide since the 2008 financial crisis despite a 4% bounce on Friday, as the coronavirus outbreak threatened...
Wall Street bounces after worst day since 1987
U.S. stock indexes rebounded on Friday as investors bet on another round of fiscal easing to thwart a looming global recession in the face of...
Fidelity Investments urges employees to work from home
Fidelity Investments became the latest large financial firm to urge employees to work from home in order to slow the transmission of the coronavirus, according...