World shares modestly lower as investors mull coronavirus, recovery outlook
Global equity markets gave back earlier gains on Friday as concerns triggered by the U.S. Federal Reserve’s less-than-optimistic outlook for an economic recovery and a...
Volkswagen, Audi on hold as Mexico’s Puebla state not ready to reopen
Mexico’s Puebla state, where German automaker Volkswagen and its luxury brand unit Audi have major plants, said it is not ready to reopen its automotive...
Bankrupt car rental firm Hertz to offer up to $1 billion in shares
Car rental firm Hertz Global Holdings Inc said it would sell up to $1 billion in shares, cashing in on a huge speculative rise in...
Coronavirus threatens Chicago’s last remaining trading pits
Chicago brokers and traders worry the novel coronavirus will kill more of the city’s once famous shout-and-gesture trading pits....
‘Persistent fragilities’ ahead for households and businesses -Fed report
The Federal Reserve expects household finances and business balance sheets to suffer “persistent fragilities” as a result of the shock to economic activity arising from...
Oil on track for weekly loss on virus resurgence fears
Oil was little changed on Friday and headed for a first weekly fall since April as new U.S. coronavirus cases spiked, stoking fears of a...
Robinhood users’ favorite stocks roar back after selloff
Shares of airlines, cruise lines and other companies that have been popular with investors on the Robinhood trading app shot higher on Friday, a day...
Exclusive: Key U.S. senators draft plan to reform new plane design approvals after 737 MAX crashes
Two key U.S. senators are circulating a bipartisan draft bill that would reform how the Federal Aviation Administration certifies new aircraft in the wake of...
White House sees red state/blue state divide in post-coronavirus economic recovery
A top White House economic adviser on Friday predicted an “increasing divergence” between states controlled by Republican governors and those led by Democrats, saying Republican...
U.S. consumer confidence rises; COVID-19, unemployment shadow lingers
U.S. consumer sentiment perked up in early June as households cheered the reopening of businesses and a surprise rebound in hiring, though they did not...