Amazon's second-quarter forecast weighed down by $4 billion in COVID-19 related costs, shares fall
Amazon.com Inc on Thursday warned that it could post a loss in the second quarter as it tacked on about $4 billion in costs related to...
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.
Gilead aims to expand remdesivir output for COVID-19, posts flat 1st-quarter results
Gilead Sciences Inc , maker of the experimental coronavirus drug remdesivir, on Thursday said it will work with international partners to expand production of the potential...
Apple reports higher sales as China reopens after coronavirus but gives no forecast
Apple Inc reported sales and profits that beat Wall Street expectations Thursday, with Chief Executive Officer Tim Cook saying China sales were "headed in the right...
Wall St. caps best month in decades with broad sell-off
U.S. stocks lost ground on Thursday as grim economic data and mixed earnings prompted investors to take profits at the close of the S&P 500's best...
United Airlines posts quarterly loss, shores up $9.6 billion in liquidity
United Airlines Holdings Inc on Thursday posted a first-quarter loss of $1.7 billion, including charges against investments in Latin America that have soured as the coronavirus...
Global equities dip at end of best month since '09
World equity benchmarks dipped on Thursday to close their best month in 11 years as a rebound in oil prices, encouraging early results from a COVID-19...
Stocks just posted their best month in decades, yet most of Wall Street hates this rally
"History tells us that the odds of another deep decline are very, very high," one strategist said.
Macy's reopening 68 stores, targets all within six weeks as U.S. restrictions loosen
Macy's Inc plans to reopen 68 U.S. stores on Monday in states that have loosened coronavirus lockdowns, the department store operator said on Thursday, as more...
Amgen studying Otezla for coronavirus, first-quarter results beat Street estimates
Amgen Inc on Thursday reported better-than-expected first-quarter results on Thursday and said it plans to study psoriasis drug Otezla as a potential treatment for COVID-19, the...
Asia shares hit seven-week high, oil rallies as economies slowly re-open
Asian shares climbed to a near two-month peak on Wednesday as investors took heart from easing coronavirus lockdowns in some parts of the world, better-than-expected corporate...
Stocks rally on treatment hopes, currencies await ECB
Asian stocks rose to a fresh seven-week high on Thursday, lifted by encouraging early results from a COVID-19 treatment trial, though bonds and currencies held cautious...
Clash of tech titans: Zuckerberg praises coronavirus lockdowns; Musk sees 'fascism'
Silicon Valley billionaires Elon Musk and Mark Zuckerberg offered dueling views on lockdown measures designed to slow the spread of the coronavirus on Wednesday, with Facebook's...
Virgin Australia administrators halt bondholder payments, appoint Morgan Stanley for sale
Virgin Australia Holdings Ltd's administrators have halted payments to bondholders and appointed Morgan Stanley to help sell the airline within four months, said a participant in...
Tyson Foods temporarily pauses operations at beef facility in Dakota City
Tyson Foods Inc is halting operations at a beef facility in Dakota City, Nebraska until May 4 to complete a deep cleaning of the plant amid...
SoftBank sees $8.4 billion net loss on WeWork writedown
SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork...