Yield-thirsty investors eye stock dividends as virus fears shrink bond payouts
Battered S&P 500 stocks may get fresh interest from investors turning to dividends in a world of shrinking bond yields.
Bank of England doubles size of corporate bond purchase program
The Bank of England said on Thursday it will double the size of its corporate bond purchase program to at least 20 billion pounds ($24.7 billion), part of a previously announced stimulus package to help the economy during the coronavirus crisis.
Trump says he brokered deal with Saudi, Russia for huge oil cuts
U.S President Donald Trump said on Thursday he had brokered a deal with top oil producers Russia and Saudi Arabia to cut output and arrest an oil price rout amid a global coronavirus pandemic, sending crude prices up by 45%.
Thousands of U.S. banks may sit out small-business rescue plan on liability worries: sources
Thousands of U.S. banks, including some of the country’s largest lenders, have said they may not participate in the federal government’s small-business rescue program due to concerns about taking on too much legal and financial risk, five people with d…
Output at Nissan’s UK car plant suspended throughout April over coronavirus
Production at Nissan’s British factory, the country’s biggest car plant, is suspended throughout April, continuing a shutdown in place since mid-March as the coronavirus outbreak continues across Europe.
Dress to impress at home: Retailers recast spring looks for coronavirus lockdowns
Desperate to sell pricey spring looks during the coronavirus lockdown, retailers are turning to social media to show their latest styles in somber, stay-at-home settings.
Oil soars after Trump says Saudis and Russians to cut output
Oil prices soared on Thursday after U.S. President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of oil producers to deal with the ma…
U.S. weekly jobless claims blow past six million as coronavirus lockdowns spread
The number of Americans filing claims for unemployment benefits shot to a record high of more than 6 million last week as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy in…
Boeing to offer voluntary layoffs to employees to tide over coronavirus fallout
Boeing Co Chief Executive Officer Dave Calhoun outlined a plan of voluntary layoffs for employees on Thursday, while warning that the coronavirus pandemic would have a lasting impact on the global aerospace industry.
Wall St. gains as oil recovery eclipses record weekly jobless claims
Wall Street bounced on Thursday as a recovery in oil prices outweighed the shock of weekly jobless claims soaring past 6 million.
