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Mnuchin and Powell Talk About the Fed's Pandemic Response: Live Updates Airbus will cut 15,000 jobs across its global work force, the largest downsizing in the history of the company. Here's what you need to know: Watch live: Jerome Powell and Steven Mnuchin testify. The Treasury secretary and the Federal Reserve chair differ on ...
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Dollar in holding pattern before US manufacturing, jobs data TOKYO (Reuters) - The dollar held gains against the yen on Wednesday ahead of data expected to show U.S. manufacturing activity and hiring continued to recover from the economic shock caused by the coronavirus pandemic. FILE PHOTO: U.S. Dollar and ...
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Stock market live updates: Stocks higher, best quarter since 1998, Micron jumps This is a live blog. Please check back for updates. 11:06 am: Chip stocks just had their best quarter since the tech bubble. Shares of chipmakers have rebounded sharply from their first-quarter lows, and they're on track for their best quarterly performance ...
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Shell to cut asset values by up to $22 billion after coronavirus hit LONDON (Reuters) - Royal Dutch Shell (RDSa.L) plans to slash the value of its oil and gas assets by up to $22 billion after the coronavirus crisis hit demand for fuel and weakened the outlook for energy prices, the Anglo-Dutch energy company said on ...
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Advertiser Exodus Snowballs as Facebook Struggles to Ease Concerns Last Tuesday, Mark Zuckerberg, Facebook's chief executive, attended a virtual meeting with some of the company's top advertising partners. The brands and agencies, which had started criticizing the social network for its willingness to keep hate speech ...
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Here's how big Facebook's ad business really is San Francisco (CNN Business) Each day, more household names join the list of brands suspending advertising on Facebook to protest what they say are the social network's failures to stop the spread of hate. On Monday alone, Adidas (ADDDF), HP (HPQ), ...
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Frac-Sand Supplier Covia Files for Bankruptcy Frac-sand supplier Covia Holdings Corp. has filed for bankruptcy as part of a plan to cut more than $1 billion in debt and shed its railcar leases after taking a beating from the economic disruption sparked by the coronavirus pandemic and lower energy prices.
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Fed's Powell warns lawmakers not to become complacent in dealing with coronavirus Federal Reserve Chair Jerome H. Powell said the path ahead for the U.S. economy remains "extraordinarily uncertain" and that the recovery will largely depend on containing the coronavirus pandemic and reassuring Americans that it is safe to resume their ...
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US Stocks on Track for Best Quarter Since 1998 U.S. stocks are on the cusp of wrapping their best quarter in more than 20 years, a remarkable rally after the coronavirus pandemic brought business around the world to a virtual standstill. Just three months ago, investors were lamenting the end of the bull ...
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No End in Sight for Big Oil's Write-Downs Asset write-downs keep coming from the world's largest oil-and-gas companies. They are not cash expenses, but they do underline how the risks and rewards of investing in the supermajors have deteriorated. Royal Dutch Shell said Tuesday that it would ...
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