Goldman traders gain $1 billion in commodities revenue after oil slump
Goldman Sachs Group Inc commodities unit generated more than $1 billion in revenue this year through May as traders positioned their bets for the collapse...
Tesla to accelerate production of Semi trucks: memo
Tesla Inc Chief Executive Elon Musk has told his staff it was time to bring the Tesla Semi commercial truck to “volume production,” a message...
J&J to begin human trials of COVID-19 vaccine in second half of July
Johnson & Johnson said on Wednesday it would start human trials of its potential COVID-19 vaccine in the second half of July....
S&P opens higher, Nasdaq hits record as all eyes turn to Fed
U.S. stocks opened higher on Wednesday, with Nasdaq hitting another record high, as attention shifted to the Federal Reserve’s first projections on the economy post-coronavirus...
Oil falls below $41 as U.S. inventory rise revives glut worries
Oil fell more than 1% to below $41 a barrel on Wednesday after a report showed a rise in crude inventories in the United States,...
Delta expects second-quarter revenue to slump, looks to amend debt deals
U.S. carrier Delta Air Lines on Wednesday forecast a 90% plunge in second-quarter revenue and warned it would need to renegotiate its debt agreements to...
Starbucks sees up to $2.2 billion hit to third-quarter operating income from COVID-19
Starbucks Corp said on Wednesday it expected current-quarter operating income to plunge by up to $2.2 billion, with sales declines for the rest of the...
Wall Street set to open slightly higher ahead of Fed’s economic outlook
Wall Street’s main indexes were set to open slightly higher on Wednesday as focus shifted to a Federal Reserve meeting that will deliver the central...
Ford to return to pre-COVID production rates in U.S. plants by July 6: COO
Ford Motor Co expects to have its U.S. vehicle assembly plants return by early July to building at the rates they did before the coronavirus...
Delta Air expects to have $10 billion in cash, cash equivalents by end-2020
U.S. carrier Delta Air Lines said on Wednesday it expects to have $10 billion in cash, cash equivalents, short-term investments and borrowing capacity by year-end....