U.S. manufacturing activity plunges to 11-year low as orders sink
U.S. manufacturing activity plunged to an 11-year low in April as the novel coronavirus wreaked havoc on supply chains, suggesting the economy was sinking deeper into recession.
U.S. manufacturing activity plunged to an 11-year low in April as the novel coronavirus wreaked havoc on supply chains, suggesting the economy was sinking deeper into recession.
The largest U.S. airlines are moving rapidly to mandate facial coverings for all passengers, with Southwest Airlines Co and Alaska Airlines on Friday joining other major airlines in imposing the measure to address the spread of the coronavirus and convince reluctant passengers to resume flying.
The U.S. House of Representatives Judiciary Committee on Friday called on Amazon.com < AMZN.O> founder Jeff Bezos to testify to the panel about allegations that the online retailer uses data from its own third-party sellers to create competing products.
Wall Street's main indexes fell on Friday after President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while a profit warning from Amazon added to the gloom.
Options investors are preparing for more volatility ahead despite last month's sharp rebound in U.S. stocks, reflecting doubts that markets will be quick to return to their former highs in the middle of the coronavirus pandemic.
Spain's Telefonica SA and billionaire John Malone's Liberty Global Plc are exploring a combination of their UK operations, Bloomberg News reported on Friday.
Norwegian Air's bondholders have turned down a proposed debt-to-equity swap, casting doubt on a plan that is vital to help the indebted airline survive the COVID-19 pandemic, although talks will still continue.
JPMorgan Chase & Co said on Friday that it received government approval to process roughly $15 billion in loans through the Small Business Administration's Paycheck Protection Program, bringing its total number of funded loans through the program to about $29 billion.
"There's all these downstream issues that really haven't been addressed yet," the Dallas Mavericks owner and "Shark Tank" investor told CNBC on Friday.
Wall Street's main indexes fell on Friday after President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while a profit warning from Amazon added to the gloom.
McDonald's Corp said it would reopen 15 restaurants in the United Kingdom this month, only for delivery, leaving some fast food fans cheering.
Shares of Tesla Inc tumbled 10% on Friday following a tweet from Chief Executive Elon Musk's Twitter account that the electric car maker's recently high-flying stock is overly expensive.
AltFi | Aisling Finn | Apr 29, 2020 The fintech is also on the hunt for a UK Chairperson to help secure a UK banking licence, despite the constant movement at the top. Digital banking service Revolut has lost eight top employees since the middle of March this year, although the departures are not linked
A decline on Wall Street dragged stocks across the world further down on Friday on concerns that the two largest economies could resume a trade war, with many financial markets globally closed for a holiday.
Exxon Mobil Corp and Chevron Corp are slamming the brakes on U.S. shale oil production at a time when crude prices and fuel demand have plunged due to global lockdowns to fight the coronavirus pandemic.