Second layoffs, backlogs wave keeps U.S. jobless claims sky high
The novel coronavirus crisis continues to pummel the U.S. labor market, with the number of Americans filing for unemployment benefits falling less than expected last...
Wall Street drops on trade war fears, economic worries
Wall Street’s main indexes were lower in choppy trading on Thursday, as renewed worries about Sino-U.S. trade relations added to fears of an extended economic...
Goldman Sachs to buy boutique wealth management custodian Folio
Goldman Sachs Group Inc plans to buy a boutique wealth management custodian and technology company called Folio Financial Inc for an undisclosed amount of money,...
Most Ford U.S. dealers got federal payroll protection loans: COO
Most of Ford Motor Co’s U.S. dealers received payroll protection loans from the U.S. government amid the coronavirus pandemic, the automaker’s chief operating officer said...
Fed: Lower-income workers and less educated facing more job losses caused by coronavirus
The coronavirus crisis led to dramatic changes in Americans’ finances as millions of workers faced layoffs or other cutbacks in their jobs, with low-wage workers...
Trump threatens new taxes on companies that make goods outside United States
President Donald Trump threatened on Thursday to impose new taxes on American companies that produce goods outside the United States, another move his administration could...
U.S. jobless claims remain elevated amid second layoffs wave
The novel coronavirus crisis continues to pummel the U.S. labor market, with the number of Americans filing for unemployment benefits falling less than expected last...
Lufthansa plans 1,800 round trips a week by the end of June
German flagship carrier Lufthansa on Thursday said it would be offering 1,800 round trips a week to more than 130 destinations around the world by...
Exclusive: Airbus must be ‘resized’ to tackle crisis, CEO tells staff – sources
Planemaker Airbus has told senior staff the company must be “resized” in plans to be set out by around end-June and is ready to cut...
Delta to have 7,000 more pilots than needed in the fall: memo
Delta Air Lines , with more than 14,000 pilots on its roster, expects to have 7,000 more than it needs in the fall as the...