Starbucks sees up to $2.2 billion hit to third-quarter operating income from COVID-19
Starbucks Corp said on Wednesday it expected current-quarter operating income to plunge by up to $2.2 billion, with sales declines for the rest of the year...
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
A surprise hit to your finances could set you back for years, report says. Here's how to stage a comeback
A survey conducted before the Covid-19 pandemic shows that about 75% of respondents had dealt with at least one major financial setback in the past, and...
Ford to return to pre-COVID production rates in U.S. plants by July 6: COO
Ford Motor Co expects to have its U.S. vehicle assembly plants return by early July to building at the rates they did before the coronavirus pandemic...
Delta expects second-quarter revenue to slump, looks to amend debt deals
U.S. carrier Delta Air Lines on Wednesday forecast a 90% plunge in second-quarter revenue and warned it would need to renegotiate its debt agreements to avoid...
Oil falls below $41 as U.S. inventory rise revives glut worries
Oil fell more than 1% to below $41 a barrel on Wednesday after a report showed a rise in crude inventories in the United States, reviving...
J&J to begin human trials of COVID-19 vaccine in second half of July
Johnson & Johnson said on Wednesday it would start human trials of its potential COVID-19 vaccine in the second half of July.
Tesla to accelerate production of Semi trucks: memo
Tesla Inc Chief Executive Elon Musk has told his staff it was time to bring the Tesla Semi commercial truck to "volume production," a message that...
Goldman traders gain $1 billion in commodities revenue after oil slump: Bloomberg
Goldman Sachs Group Inc commodities unit generated more than $1 billion in revenue this year through May as traders positioned their bets for the collapse in...
Mnuchin says U.S. recovery has begun, will gain strength in Q3, Q4
U.S. Treasury Secretary Steven Mnuchin said on Wednesday that the U.S. economy has already begun to rebound from the coronavirus pandemic and would "improve dramatically" in...
S&P opens higher, Nasdaq hits record as all eyes turn to Fed
U.S. stocks opened higher on Wednesday, with Nasdaq hitting another record high, as attention shifted to the Federal Reserve's first projections on the economy post-coronavirus outbreak.
When Gen Z learns more about this investment account, they'll regret not opening one yesterday
Some common misconceptions can keep recent college grads from making this one financial move. But once they take the leap, everyone regrets not starting sooner.
Dollar hits three-month lows amid Fed easing speculation
The dollar dropped to a three-month low amid speculation the U.S. Federal Reserve will announce later on Wednesday it intends to keep a recent rise in...
Fiat Chrysler plans to resume Panda production on June 16: union
Fiat Chrysler (FCA) plans to resume production of its Panda small car at its plant in Pomigliano, near Naples in southern Italy, on June 16, a...
Ford, Volkswagen to make about 8 million commercial vehicles
Ford Motor Co and Volkswagen AG said on Wednesday they would make up to 8 million units of medium pickup trucks and commercial vans during the...
U.S. consumer prices fall for third straight month
U.S. consumer prices fell for a third straight month in May as demand remained subdued amid a recession caused by the COVID-19 pandemic.