Card issuers are cutting credit limits without warning
As financial conditions tighten, credit card issuers have begun lowering credit limits, sometimes without notice.
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.
U.S. new home sales tumble in March
Sales of new U.S. single-family homes dropped by the most in more than 6-1/2 years in March and further declines are likely as the novel coronavirus...
Air France-KLM CEO forfeits bonus under Dutch pressure
Air France-KLM Chief Executive Ben Smith said on Thursday he had given up his 2020 bonus, after a Dutch minister urged executive pay restraint in return...
Some Americans going back to work, even as virus erases more jobs
Some workers in Georgia and other U.S. states prepared to go back to work for the first time in a month, as data released on Thursday...
Hershey pulls 2020 forecast, warns of weak sales as consumers curb spending
Hershey Co pulled its 2020 forecast on Thursday and warned of weak sales in certain categories as households worried about their financial futures cut spending on...
'Plain robbery': Lebanese fume as dollar savings hit by financial crisis
Ziad Abdallah has watched with growing alarm as Lebanon's financial meltdown has threatened the savings he spent 25 years building up in his dollar account.
Domino's pulls long-term forecast, says international sales declining
Domino's Pizza Inc on Thursday pulled its long-term forecast and said international comparable sales fell 3.2% in the first three weeks of the current quarter as...
South Africa's SAA faces wind-down or liquidation, rescue team says
Specialists appointed to try to save state-owned South African Airways (SAA) said on Thursday that they had no further funds for rescue efforts and that the...
Young investors rush into struggling oil ETF that isn't even tracking the price of oil anymore
Traders on Robinhood and SoFi Invest rushed to buy the United States Oil ETF, which crashed this week and has lost more than 80% of its...
Wall Street jumps on hopes worst for labor market is over
Wall Street jumped 1% on Thursday as a third straight decline in weekly jobless claims raised hopes the worst of the coronavirus pandemic's impact on the...
Colombia's Avianca says survival of the airline is in doubt due to coronavirus crisis
The financial auditors of Colombian airline Avianca Holdings have concluded that "substantial doubt" exists as to the company's ability to stay in business due to the...
'Scientists are going to solve it' — Cramer sees a virus drug reducing 'death sentence' worries
"Someone is going to beat this thing," CNBC's Jim Cramer said Thursday, suggesting a successful antiviral could be "more Tamiflu-like and less scary."
Repair, abandon, burn: Russia explores options for historic oil cut
In just a week, Russia has to find ways to cut a fifth of its oil output under a deal to tackle the market glut and...
Georgia barbershop owner 'definitely not opening' Friday, saying many others won't either
"I'm just not prepared to do this," Maxim Barbers owner Diane Fall told CNBC on Thursday, citing the onerous task of gathering the equipment and supplies...
Lufthansa reports first quarter operating loss of 1.2 billion euros
Lufthansa , which has grounded almost all its aircraft due to the coronavirus pandemic, said its operating loss increased to 1.2 billion euros ($1.3 billion) during...