U.S. housing starts fall sharply in April
U.S. homebuilding dropped to a five-year low in April, underlining fears that the novel coronavirus crisis would lead to the deepest economic contraction in the...
British retailer Asda’s customers fear economic depression
British supermarket group Asda got a sales boost in the first quarter from consumers stocking up before the coronavirus lockdown but it also highlighted that...
Southwest and United airlines say ticket cancellations slowing, demand improving
Two top U.S. airlines said on Tuesday ticket cancellations were slowing and demand was showing some signs of improvement, with Southwest Airlines Co recording more...
Wall Street set to open flat; Walmart jumps on results
U.S. stock index futures were trading flat on Tuesday, handing back some gains from the S&P 500’s best day in six weeks in the previous...
Trump administration awards contract to make COVID-19 drugs in U.S.
U.S. President Donald Trump’s administration has awarded a $354 million contract to U.S.-based Phlow Corp to manufacture drugs being tested or used to fight the...
Exclusive: Nasdaq informs China’s Luckin Coffee it must delist-sources
Nasdaq Inc has delivered a notice to China’s Luckin Coffee Inc informing it that it has to delist from the U.S. stock exchange, people familiar...
Walmart sales surge at stores and online on coronavirus-led demand
Walmart Inc beat Wall Street expectations with its quarterly revenue and earnings on Tuesday and reported record U.S. online sales as stockpiling drove consumers to...
Fiat Chrysler’s loan request raises doubts about $6 billion dividend
Italy could look into Fiat Chrysler’s planned 5.5 billion euro ($6 billion) payout as part of its merger with Peugeot after the Italian-American carmaker asked...
Trump awards deal to company to manufacture COVID-19 drugs in U.S
U.S. President Donald Trump’s administration has awarded a $354 million contract to U.S.-based Phlow Corp to manufacture drugs being tested or used to fight the...
Walmart’s same-store sales rise 10%, online revenues surge
Walmart Inc’s first-quarter U.S. comparable sales rose 10% and the retailer reported a 74% rise in online revenue on Tuesday as stockpiling of groceries and...