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Honda extends North America auto production halt through May 8

Honda Motor Co said Thursday it will extend a shutdown of all of its North American auto plants through May 8 and extend unpaid leaves for many salaried workers.



5 years ago

South African Airways faces wind-down or liquidation as cash runs out

South African Airways (SAA) faces a wind-down or liquidation after specialists appointed to try to save the state-owned airline said on Thursday they had run out of funds.



5 years ago

Short sellers make nearly $300 million betting against retail investors' favorite oil fund

Bearish bets against the United States Oil Fund, which trades under USO, increased as crude prices tumbled.

5 years ago

Zoom users top 300 mln despite growing ban list, shares hit record

Zoom video conferencing app's user base grew by another 50% to 300 million in the last three weeks, as the company fought to quell a backlash around security and safety that has seen a number of governments and firms ban its applications.



5 years ago

Lufthansa aims to finalise 10 billion euro rescue package next week: sources

Lufthansa aims to finalise a state aid rescue package worth up to 10 billion euros ($10.8 billion) next week after the coronavirus crisis forced it to ground almost all of its planes, people close to the matter said.



5 years ago

On 'very, very sad day,' U.S. House to pass coronavirus aid as unemployment soars

The U.S. House of Representatives returned to Washington on Thursday to pass a $484 billion coronavirus relief bill, funding small businesses and hospitals and pushing the total spending response to the crisis to an unprecedented nearly $3 trillion.



5 years ago

Some Americans prepare to go back to work as jobless claims spike over virus

Some businesses prepared on Thursday to reopen in Georgia and a handful of other U.S. states for the first time in a month, as another week of massive unemployment claims highlighted the grim economic toll of the coronavirus pandemic.



5 years ago

New York test of 3,000 people finds 14% with coronavirus antibodies

New York Governor Andrew Cuomo said on Thursday a screening of 3,000 people found nearly 14% tested positive for antibodies for the novel coronavirus, suggesting that 2.7 million residents across the state may have been infected with the disease.



5 years ago

Scammers are using fake coronavirus stimulus payment sites to steal your money

Scam artists are trying to head off your windfall from the federal government. Here's how they're trying to steal your stimulus payment from under your nose.

5 years ago

GM ignition switch settlement with vehicle owners wins U.S. court approval

General Motors Co on Thursday won preliminary U.S. court approval of a $120 million settlement with owners who said defective ignition switches caused their vehicles to lose value.



5 years ago

U.S. coronavirus deaths top 48,000, averaging 2,000 lives lost a day: Reuters tally

U.S. coronavirus deaths topped 48,000 on Thursday as the number of lives lost in April rises by an average of 2,000 a day, according to a Reuters tally.



5 years ago

Wall Street pares gains on report of potential coronavirus drug failing trial

Wall Street's main indexes pared gains sharply on Thursday, after a report that Gilead Sciences experimental coronavirus drug flopped in its first randomized clinical trial.



5 years ago

Millions of Americans join unemployment line as coronavirus savages economy

A stunning 26.5 million Americans have sought unemployment benefits since mid-March, confirming that all the jobs gained during the longest employment boom in U.S. history have been wiped out as the novel coronavirus savages the economy.



5 years ago

Trump administration is still garnishing wages from student loan borrowers

The Trump administration announced last month that during the coronavirus pandemic it would stop garnishing the wages of struggling student loan borrowers. Some say that's still happening.

5 years ago

The Impact of Coronavirus on Funding Innovation

Crowdfund Insider | Michael Burtov | Apr 22, 2020 The Impact of Coronavirus on VC Funding It’s no secret that times of economic instability are the ones that create the greatest opportunity for innovation and innovators. When everyone is content, the incumbents tend to win – while when there is injury, the innovators happily fill

5 years ago