Stocks trim record monthly gains as ECB PEPP talk falls flat
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.
Wall Street slides at open after grim jobless claims data
Wall Street opened lower on Thursday at the end of a strong month for stock markets globally, as millions more applied for jobless claims in the United States, overshadowing upbeat results from Facebook and Tesla.
Goldman Sachs shareholders vote to approve executive compensation
Goldman Sachs Group Inc said Thursday at its annual shareholder meeting that 71% of votes were cast in favor of the bank’s executive compensation policies for 2019, in preliminary tallies.
American Airlines posts $2.2 billion loss on pandemic, first since bankruptcy exit
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.
Ferrari to gradually restart operations from Monday
Luxury carmaker Ferrari said on Thursday it would restart operations at its Maranello and Modena plants on May 4, when Italy is set to start lifting lockdown measures.
Lufthansa pilots offer to sacrifice up to 45% of salary: union
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.
Wall Street sidesteps Musk lockdown rant as Tesla numbers improve
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.
U.S. weekly jobless claims remain elevated as millions more seek benefits
Millions more Americans filed claims for unemployment benefits last week, suggesting that layoffs were spreading to industries that were not initially directly impacted by business closures and disruptions related to the coronavirus.
JPMorgan received almost $18 billion in PPP loan applications: bank
JPMorgan Chase & Co said in an email to small business clients late on Wednesday that it had submitted roughly 220,000 applications this week to the Small Business Administration for the Paycheck Protection Program.
Thyssenkrupp taps 1 billion euro in state aid amid cash squeeze before elevator sale
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.
