Argentina a ‘black box’ as $70 billion debt talks enter final act
By Marc Jones, Karin Strohecker, Tom Arnold and Cassandra Garrison
Lyft launches meal, grocery delivery service in several U.S. cities
Lyft Inc on Wednesday said it has launched a new on-demand delivery service to provide essential goods, including groceries, meals and medical supplies, to people in need during the coronavirus crisis.
Best Buy to furlough 51,000 hourly U.S. store employees
Best Buy Co Inc said on Wednesday it would furlough about 51,000 hourly U.S. store employees and that its sales dropped about 5% in the first two months of the current quarter, as the electronics retailer kept its stores shut due to the coronavirus pan…
Tesla must face shareholder lawsuit over Musk’s going-private tweet
A federal judge said Tesla Inc must face a lawsuit claiming it misled shareholders when Chief Executive Elon Musk tweeted in August 2018 that he was considering taking the electric car company private.
Fund managers looking at medical tests, Europe, for signs U.S. economy can reopen
Some investors are wary about buying into a recent stock market rally. Even with hopes for a quick reopening of the economy, they want more evidence that the United States will not restart, only to have to fall back under another coronavirus lockdown s…
G20 countries agree debt freeze for world’s poorest countries
Finance officials from the Group of 20 major economies agreed on Wednesday to suspend debt service payments for the world’s poorest countries through the end of the year, a move quickly matched by a group of hundreds of private creditors.
U.S. retail sales, factory output sink as coronavirus batters economy
U.S. retail sales suffered a record drop in March and output at factories declined by the most since 1946, buttressing analysts’ views that the economy contracted in the first quarter at its sharpest pace in decades as extraordinary measures to control…
Harley-Davidson lays off staff, cuts salaries, amid coronavirus outbreak
Harley-Davidson Inc said on Wednesday it had temporarily laid off most of its global production employees and implemented salary cuts in a bid to lower costs as the coronavirus pandemic has hurt its business.
Exclusive: Major U.S. airlines plan to apply for government loans in addition to grants – sources
Several major U.S. airlines are preparing to apply this week for a $25 billion U.S. government loan program after winning billions in federal payroll grants, people familiar with the matter said.
Coronavirus unmasks Amazon’s stumbles at Whole Foods
Amazon’s moves to reduce strain on its grocery businesses by putting new online shoppers on wait lists and switching more Whole Foods resources to filling orders, is unmasking limitations at the company that was expected to upend the supermarket indust…
