Wall Street climbs on hopeful coronavirus signs, healthcare lift
U.S. stock markets climbed on Wednesday as investors were encouraged by hopeful signs about the coronavirus outbreak in the United States, with health insurers getting an additional boost from the announcement that Democratic presidential candidate Ber…
Exclusive: U.S. Treasury wants details on airline debt, liquidity, loyalty programs – sources
U.S. Treasury officials have asked airlines seeking government payroll support to provide additional detailed information on capital structure, liquidity and loyalty programs, people briefed on the matter told Reuters.
Lufthansa CEO says it’s seeking state aid in Germany, other countries
Lufthansa will seek state aid in Germany, Switzerland, Belgium and Austria as the coronavirus crisis that forced it to ground almost all of its planes will persist longer than feared, the German airline’s chief executive said.
VIX futures point to coronavirus worries for months to come
Investors are betting on stocks to remain volatile well into the year, suggesting that many expect the long-term economic and public health impact of the pandemic caused by the novel coronavirus to continue roiling markets despite a recent rally.
U.S. senators question Amazon CEO about firing of warehouse protest leader
Five Democratic lawmakers on Wednesday wrote Amazon.com Inc to raise concern about its firing of a worker who protested warehouse operations during the coronavirus pandemic, according to a copy of the letter seen by Reuters.
German foreign ministry restricts use of Zoom over security concerns
The German foreign ministry has restricted use of the video conferencing service Zoom to fixed-connection computers due to concerns about security issues, two German government sources said.
Centerview turns to Matthieu Pigasse to lead new Paris hub
U.S. investment bank Centerview has hired Lazard’s former France boss, Matthieu Pigasse, to lead its newly-launched Paris office and win business from European companies grappling with the economic damage caused by the coronavirus outbreak.
Airbus to review production cuts after ‘some months’: CEO
Airbus production cuts announced on Wednesday in response to the coronavirus crisis are likely to be in place for “some months” and then reviewed as the market outlook becomes clearer, Chief Executive Guillaume Faury said on Wednesday.
Fed’s Barkin: coronavirus blow to U.S. economy will be deep
The economic downturn from the coronavirus outbreak in the United States will be deep and any recovery will depend on consumers feeling safe enough to start spending again, Richmond Federal Reserve Bank President Thomas Barkin said on Wednesday.
Wall Street recovers ground as Sanders gives health insurers a boost
U.S. stock markets rose on Wednesday on hopes the coronavirus outbreak in the United States was close to its peak, with health insurers boosted by Democratic presidential candidate Bernie Sanders suspending his campaign.
