Richard Branson to sell 25 million shares in Virgin Galactic to battle pandemic impact
Billionaire Richard Branson’s Virgin Group said on Monday that it may sell up to 25 million shares of space tourism company Virgin Galactic Holdings Inc...
S&P 500 gains as investors look beyond pandemic to recovery
The S&P 500 inched higher on Monday as investors balanced caution over new spikes in coronavirus infections with expectations that an economy crippled by mandated...
S&P 500 edges higher as tech, healthcare shares shine
The S&P 500 ticked higher on Monday as gains in healthcare and technology stocks countered losses in financials, while investors kept an eye on new...
California should do whatever’s needed to help Tesla reopen car factory: Mnuchin
California should do whatever is necessary to help electric carmaker Tesla Inc reopen its only U.S. vehicle factory, U.S. Treasury Secretary Steven Mnuchin said on...
Pandemic could rip 105 billion pound hole in small company finances
Britain’s smaller companies could be saddled with up to 105 billion pounds ($129 billion) in “unsustainable” debt by March next year that will need recapitalising,...
Oklahoma oil regulators hear arguments on output cuts
Oklahoma’s energy regulators on Monday began hearing arguments from producers seeking to win state-support for setting limits on oil production to help stabilize prices....
Wizz Air tells UK: we need more detail on quarantine
Wizz Air needs more details on British plans to quarantine travellers before it can assess their impact after seeing strong demand for the routes it...
KKR builds 5.2% stake in ProSieben, says company undervalued
Private equity investor KKR said on Monday it had acquired a stake of 5.2% in German broadcaster ProSiebenSat.1 Media , returning as an investor in...
Global equities markets sink, bonds rise on fears of second wave of infections
A jump in coronavirus cases in South Korea and Germany rattled investors and sent global equities markets lower on Monday, while safe-haven assets, including the...
Chinese investment in the U.S. drops to lowest level since global financial crisis
Chinese investment in the United States dropped to $5 billion in 2019, a slight decrease from a year earlier and the lowest level since the...