Oil drops on doubts over output cuts, swelling U.S. fuel inventories
Oil prices fell on Thursday on doubts over the ability of top crude producers to agree to extend record output cuts, heightened by worries over...
American Airlines soars on news it will boost U.S. flights in July
American Airlines Group Inc shares jumped by 25% after it said Thursday it will significantly boost its U.S. flight schedule next month after dramatic reductions...
U.S. jobless claims dip below 2 million, road to recovery rocky
The number of Americans filing for unemployment benefits dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as...
LVMH propels Arnault scion to head up Tag Heuer watches
LVMH on Thursday said that Frederic Arnault, one of the younger sons of the luxury goods group’s billionaire boss, would take over running watch brand...
Fiat-Chrysler’s state-backed loan crucial for Italy’s economy-Intesa CEO says
A 6.3 billion euro ($7 billion) state-backed loan for Fiat Chrysler (FCA) , financed by Intesa Sanpaolo , is crucial in terms of safeguarding Italy’s...
For U.S. economy, the bottom may be here, but the rebound is slow so far
The U.S. economy may have hit its low point in the coronavirus crash but the rebound so far remains tepid, according to both broad indexes...
EBay raises forecasts on online boom, shares hit record high
EBay Inc raised its current-quarter revenue and profit forecasts on Thursday, as people stuck at home due to the COVID-19 pandemic ordered more through its...
Tech stocks boost Nasdaq as recovery optimism prevails
A rally in tech shares drove the Nasdaq index higher on Thursday, with weekly jobless claims dipping below 2 million for the first time since...
HKEX says many U.S.-listed Chinese firms plan Hong Kong listings
Many U.S.-listed Chinese firms will likely list on the Hong Kong exchange this year, in part because of U.S. political pressure following China’s new national...
Intesa CEO says state-backed FCA loan crucial to protect Italy’s economy
A 6.3 billion euro ($7 billion) state-backed loan for Fiat Chrysler (FCA) financed by Intesa Sanpaolo is crucial to safeguard Italy’s economy, the head of...