Asia shares off to cautious start, U.S. crude slides
Caution gripped Asian share markets on Monday on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdown, while U.S. crude prices took an early spill.
Coronavirus relief deal for U.S. small businesses may come Monday: Trump
U.S. Democrats and Republicans are near agreement on approving extra money to help small businesses hurt by the coronavirus pandemic and could seal a deal as early as Monday, President Donald Trump said, despite hopes for a deal on Sunday.
Oil drops further, U.S. futures at lows not seen since 2001
Crude oil futures fell in electronic trading on Sunday evening, with U.S. futures touching levels not seen since November 2001, extending last week’s weakness on the back of sliding demand because of the COVID-19 pandemic that has killed more than 164,…
Crude oil futures drop at open of Asian trading
Crude oil futures fell on Sunday evening in CME Group trading, continuing last week’s weakness on the back of sliding demand due to the COVID-19 disease that has killed more than 159,000 worldwide.
Facebook to introduce gaming app on Monday: New York Times
Facebook Inc is planning to launch a gaming mobile app on Monday focused mainly on live game streaming in a bid to take on Amazon.com Inc’s Twitch, Google’s YouTube and Microsoft Corp’s Mixer services, the New York Times reported on Sunday.
Wynn Resorts CEO calls for Las Vegas Strip to conditionally reopen in mid- to late May
Wynn Resorts Chief Executive Officer Matt Maddox on Sunday called on the Nevada governor to begin to reopen the Las Vegas Strip in mid- to late May with extensive safety measures in place, assuming the state is in line with certain benchmarks around th…
Stock market gains alongside economic pain; some worry about over-optimism
The U.S. stock market has rebounded swiftly despite a raft of terrible economic news, driven by a massive boost from the Federal Reserve, hopes of a successful reopening of the economy and possible coronavirus treatments, as well as investors’ fear-of-…
Amazon to extend French warehouse closures after union dispute
Amazon will keep its six warehouses in France closed until at least April 22 after a stand-off with unions over sanitary conditions amid the coronavirus outbreak, it said on Sunday.
Exclusive: Neiman Marcus to file for bankruptcy as soon as this week – sources
Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said.
U.S. banks seek term changes as Fed finalizes Main Street Lending Program
U.S. banks are pushing the Federal Reserve to change the terms of a $600 billion lending program for small and medium-sized businesses, including reducing minimum loan sizes and allowing more flexibility on underlying reference rates, industry groups s…
