Airlines slash schedules, jobs and pay after new travel restrictions
Airlines around the world said they would make more drastic cuts to their flying schedules, shed jobs and seek government aid after countries further tightened...
Nike, Under Armour join retailers shutting stores to limit virus spread
Nike Inc, Lululemon Athletica Inc and Under Armour Inc on Sunday said they would close stores in the United States and other markets, joining a...
Stocks crumble, unconvinced as Fed and peers attempt radical rescue
Stock markets and the dollar were roiled on Monday after the Federal Reserve slashed interest rates in an emergency move and its major peers offered...
Fed brings out big guns, investors fear the worst
A massive rollout of easing measures by the Federal Reserve served to deepen some investors’ anxiety over how effectively policymakers will be able to mitigate...
United warns of cash bleed, empty planes even after more schedule cuts
United Airlines Holdings booked $1.5 billion less revenue in March than the same time last year and warned employees that planes could be flying nearly...
Boaz Weinstein’s Saba scored record profits on market plunge: letter
Boaz Weinstein’s main Saba Capital Management LP hedge fund reported a 33% gain in March through Friday amid coronavirus-led market turmoil, bringing its year to...
Oil extends slide, nears $30 a barrel as virus weighs on global economy
Oil prices extended losses on Monday, slumping by more than $1 a barrel, as an emergency rate cut by the U.S. Federal Reserve failed to...
More U.S. retailers shut stores to limit coronavirus spread
More major retailers said on Sunday they would shut stores in the United States to limit the spread of the coronavirus, including Nike, Under Armour,...
What do the Fed’s latest moves mean for U.S. consumers?
The U.S. Federal Reserve unleashed new emergency measures on Sunday night to limit the economic harm from the coronavirus, including making it easier for banks...
Quotes from Federal Reserve Chair Powell’s press conference
The U.S. Federal Reserve and global central banks moved aggressively on Sunday to buttress a world economy unraveling rapidly amid the coronavirus pandemic, with the...