Bankruptcy court approves Neiman Marcus’ plea to access financing
U.S. luxury department store chain Neiman Marcus Group said on Friday it received court approval to access $675 million of its debtor-in-possession financing, which will...
Wall Street Week Ahead: U.S. data deluge to underscore divide between roaring market, plunging economy
A week packed with U.S. economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit...
No ‘V’-shape return from devastating U.S. job loss, Fed policymakers say
As many parts of the world’s biggest economy begin to reopen after weeks of stay-at-home orders that slowed the spread of the coronavirus but gutted...
U.S. small business rescue program ignored Congress: watchdog
The U.S. government’s $660 billion program to rescue small businesses hit by the coronavirus pandemic thwarts the intention of Congress by making it hard for...
Southwest to raise $815 million through sale and leaseback of 20 planes
Southwest Airlines Co will sell and lease back 20 planes for gross proceeds of about $815 million, the company said in a regulatory filing on...
Trump ‘torn’ over U.S.-China trade deal as officials push to fulfill its terms
U.S. President Donald Trump said on Friday he was “very torn” about whether to end the so-called Phase 1 U.S.-China trade deal, just hours after...
California county says Tesla may not reopen vehicle factory, stifling Musk’s plans
Tesla Inc “must not reopen” its vehicle factory in the San Francisco Bay area as local lockdown measures to curb the spread of the coronavirus...
Chipotle secures $600 million credit line amid coronavirus crisis
Chipotle Mexican Grill Inc has secured a new year-long $600 million revolving credit line, a regulatory filing showed https://bit.ly/2SOtm6L on Friday, as the restaurant chain...
Wall Street jumps as historic job losses fewer than feared
Major U.S. stock indexes jumped on Friday and logged solid gains for the week after data on historic job losses due to the coronavirus crisis...
As pandemic rages, anything goes for bitcoin’s third ‘halving’
Bitcoin is about to undergo a scheduled technical adjustment as the number of new coins awarded the computer wizards who “mine” the cryptocurrency will be...