World stocks suffered a slip on their way to record monthly gains on Thursday, as the European Central Bank held back from providing another instant hit of stimulus and millions more Americans filed unemployment claims.
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 retailers sought to get business going after a crushing month of closures.
Renault PA> has put one of its historic buildings up for sale in Boulogne-Billancourt, the birthplace of the carmaker, to cut costs, three sources close to the company told Reuters.
Wall Street’s main indexes were set to open lower on Thursday at the end of a strong month for stock markets globally as a grim U.S. jobless claims report overshadowed upbeat results from Facebook and Tesla.
The combined companies launching AR first Virtual Conferences NEW YORK and TORONTO, April 30, Apr 30, 2020 — NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), a leader in augmented reality for eCommerce […]
Luxury carmaker Ferrari said on Thursday it would restart operations at its Maranello and Modena plants on May 4, when Italy is set start lifting lockdown measures imposed in early March to contain the spread of coronavirus.
Pilots at Lufthansa are ready to sacrifice up to 45% of their salaries for more than two years to help cut costs, their union Cockpit said on Thursday, as the airline struggles with the impact of the coronavirus pandemic.
(Bloomberg) — Freddie Mac’s first-quarter net income plunged 88% to $173 million due to higher expected credit losses on loans amid the coronavirus pandemic.The mortgage giant booked $1.1 billion of credit-related expenses in the quarter ended March 31, according to a statement released Thursday. Freddie said the earnings decline was also driven by losses on single-family home loans, which took a major hit from the virus.The results are a stark turnaround from the first quarter of 2019, when McLean, Virgina based-Freddie reported net income of $1.41 billion.Other highlights in the company’s first-quarter results:Freddie, which took a $1.2 billion provision for …read more […]
American Airlines on Thursday posted a $2.2 billion net loss, its first quarterly loss since emerging from bankruptcy in 2013, and warned of a roughly $70 million per day cash burn in the second quarter as the coronavirus pandemic halts travel.
Oil prices jumped on Thursday, lifted by signs the U.S. crude glut is not growing as quickly as expected and indications of a rise in fuel demand that has been crushed by the coronavirus.
Wall Street brokerages gave a resounding thumbs-up to Tesla Inc’s first-quarter numbers on Thursday, lauding the electric carmaker’s improved gross margins and sending its shares 8% higher in trading before the opening bell.
The U.S. Labor Department released weekly jobless claims figures Thursday morning that reflected the ongoing damage being done to the U.S. labor market as a result of the COVID-19 pandemic. …read more […]
Thyssenkrupp has secured about 1 billion euros ($1.1 billion) of state aid to tide it over until it receives the money from the sale of its elevator division, two sources said on Thursday, the latest German company to tap government funding.
Breakfast cereal maker Kellogg Co on Thursday reported a 23% rise in quarterly profit as consumers in North America and Europe stocked up on its packaged foods amid coronavirus-driven lockdowns.
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