Stock markets slid on Wednesday as fears about a second wave of coronavirus infections and as warnings from Federal Reserve Chairman Jerome Powell that the U.S. faces a "significantly worse" recession than any since World War II weighed on investor sentiment and boosted safe-haven bonds.
Japan's SoftBank Group Corp , a shareholder in some of Latin America's largest food delivery companies, expects consolidation in most markets, a senior executive said on Wednesday.
U.S. producer prices fell by the most since 2009 in April, leading to the largest annual decline in nearly 4-1/2 years, bolstering some economists' predictions for a brief period of deflation as the novel coronavirus depresses demand.
EU officials are seeking to finalise a plan for public stakes to be taken in key European companies to shield them from the economic fallout of the COVID-19 pandemic, three sources familiar with the matter told Reuters.
Mobile payment apps are convenient and easy to use, but may pose a scam threat to unsuspecting Americans amid the coronavirus pandemic, according to AARP.
OPEC slashed its forecast on Wednesday for global oil demand this year and predicted this quarter would see the steepest decline even as some countries ease lockdown measures designed to stem the coronavirus outbreak.
Mexico could begin opening some automotive factories from May 18 under a government plan unveiled on Wednesday that loosens coronavirus restrictions and paves the way for U.S. car giants to ramp up output dependent on parts made south of the border.
The market is by anybody's standard pretty full," the billionaire founder of Appaloosa Management told CNBC.
Airbus is drawing up plans for restructuring involving "deep" job cuts, but has not taken a final decision, industry sources said.
If you have an emergency fund, now's the time to tap it. People who have lost their jobs are turning to savings to supplement their income, according to Bankrate.com. But how long will the pot of money last?
The head of the Federal Reserve warned on Wednesday of an "extended period" of weak economic growth, vowed to use the U.S. central bank's power as needed, and called for additional fiscal spending to stem the fallout from the coronavirus pandemic.
U.S. President Donald Trump on Wednesday extended for another year an executive order signed in May 2019 declaring a national emergency and barring U.S. companies from using telecommunications equipment made by firms posing a national security risk.
Wall Street's main indexes fell on Wednesday after Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes due to the coronavirus pandemic.
Shareholder activists prodding Exxon Mobil Corp on climate-change proposals are backing calls for an independent board chairman as the oil major steps up efforts to keep climate proposals off its ballot.
After over seven weeks of coronavirus lockdown, Britons hankering for a Big Mac may be a step closer to getting their hands on one after McDonald's reopened 15 restaurants on Wednesday for delivery only.