JPMorgan’s U.S. credit card holders spent 40% less due to coronavirus
Credit card spending among some of JP Morgan Chase & Co’s U.S. customers fell 40% during March and early April compared to last year, as...
Stocks drop for third day as recovery hopes falter
World stock markets fell for a third day running on Thursday after a sobering warning from the World Health Organization that the coronavirus may never...
BMW CEO sees ‘very slow’ U.S. recovery after corona rebound in China
BMW on Thursday said China sales of luxury passenger cars rebounded in April but the German premium car and motorbike manufacturer cautioned that other markets...
Storm clouds gather over U.S. stocks as hopes of quick recovery fade
A lightning-quick rally in U.S. equities is showing cracks, as investors face mounting evidence that the economy’s coronavirus-fueled woes may be far longer-lasting than many...
Clariant sticks to extra $1 billion payout, scrubs dividend in crisis
Clariant is scrapping a regular dividend as it hunkers down to survive the COVID-19 crisis, the Swiss specialty chemicals maker said on Thursday, while still...
Dolce & Gabbana will lose out from virus crisis, founders tell paper
Italian fashion group Dolce & Gabbana will lose out “a lot” this year, after the coronavirus emergency, founders Domenico Dolce and Stefano Gabbana said on...
Stocks drop as virus recovery begins to look distant
Stock markets fell and bonds were in demand on Thursday as worries grew about a second wave of coronavirus infections and a dour assessment from...
Merck KGaA says profit could slip in 2020
German healthcare and chemicals company Merck KGaA flagged that a slight decline in operating earnings was on the cards this year as the coronavirus pandemic...
Storms clouds gather over U.S. stocks as hopes of quick recovery fade
A lightning-quick rally in U.S. equities is showing cracks, as investors face mounting evidence that the economy’s coronavirus-fueled woes may be far longer-lasting than many...
Fed’s credit operation launched, but job already done
The Federal Reserve’s pledged support for exchange-traded funds may not end up costing the central bank much, but will still have the desired effect of...