U.S. stock indexes were set to open lower on Thursday as a rally fueled by optimism over an economic rebound from a coronavirus-led downturn ran out of steam even with weekly jobless claims dipping below 2 million for the first time since mid-March.
World markets got another shot of energy on Thursday as the European Central Bank (ECB) ramped up its Pandemic Emergency Purchase Programme (PEPP) to 1.35 trillion euros.
Citigroup Inc said on Thursday it is forming a new strategic advisory group within its investment bank.
Virgin Atlantic said on Thursday it would restart some flights that have been grounded by the COVID-19 pandemic on July 20 and aimed to restore further services in August.
The number of Americans filing for unemployment benefits dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as companies adjust to an environment that has been significantly changed by COVID-19.
American Airlines Group Inc said Thursday it will boost its U.S. flight schedule next month over dramatic reductions since the coronavirus pandemic, planning to fly more than 55% of its July 2019 domestic capacity.
Investors eyeing a turnaround in the U.S. economy are piling into U.S. bank stocks even as some caution that positive stress test results and an abatement of loan losses will be needed to sustain a rally in the battered sector.
Germany said it will oblige all petrol stations to offer electric car charging as part of a sweeping 130 billion euro ($146.26 billion) economic recovery plan, boosting electric vehicle demand which has been hampered by consumer concerns over refuelling.
If you hit the unemployment line with a 401(k) loan in tow, be aware of the rules that apply to the unpaid amount. It could result in an unexpected tax bill.
American Airlines Group Inc said on Thursday it was seeing a slow but steady rise in domestic demand, as coronavirus-led lockdowns start to ease.
U.S. stocks opened lower on Thursday as a rally fueled by hopes of an economic rebound from a coronavirus-led downturn ran out of steam even with weekly jobless claims dipping below 2 million for the first time since mid-March.
Bank of America Corp agreed to pay $7.23 million in restitution and interest to settle a U.S. regulator's accusations that it overcharged customers on mutual funds.
Germany unveiled sweeping incentives for cheap electric cars, providing a boost to Volkswagen's electric push while penalising heavy sports utility vehicles (SUVs) with new staggered taxes for polluting combustion-engined cars.
Hong Kong's stock exchange expects many U.S.-listed Chinese firms to list on its bourse this year, in part because of U.S. political pressure following China's new national security legislation on Hong Kong, the head of the exchange said on Thursday.
American Banker | Dave Martin | Jun 4, 2020 I often find myself on the opposing side when I hear “this changes everything” after any technology advances or new digital banking functions are rolled out. Of course, change is occurring in the banking industry. It has been evolving for decades and continues to do so