Honda extends U.S., Canada auto plant shutdown through April 10
Honda Motor Co said Thursday it will extend a shutdown of all U.S. and Canadian auto plant production through April 10 because of the ongoing coronavirus outbreak.
Fiat Chrysler to start three Italian sites immediately after lockdown ends: union
Fiat Chrysler aims to restart operations at three Italian sites as soon as the government lifts coronavirus restrictions on manufacturing, a union representative said on Thursday, adding unions would monitor health precautions.
Stocks drift as investors digest grim U.S. jobs data
World equity markets hovered between small gains and losses Thursday, as the death toll from the coronavirus pandemic continued to rise and economic pain deepened with another record week of jobless claims in the United States.
Luckin Coffee shares sink after COO suspended for alleged financial misconduct
Shares of Luckin Coffee Inc sank 81% on Thursday after the Chinese coffee chain said it had suspended its chief operating officer and several other employees for financial misconduct, including fabricating certain transactions.
Oil rises as Trump talks up Saudi-Russia truce, recession fears limit gains
Oil prices jumped 8% on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their battle for market share but gains were capped by fears of a global recession due to the coronavirus.
JPMorgan CEO Jamie Dimon back at work after heart surgery
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon has returned to lead the largest U.S bank, after recovering from recent heart surgery, according to an internal memo to employees seen by Reuters.
Wall Street falls at open as jobless claims top 6 million
U.S. stock indexes fell at the open on Thursday after U.S. jobless claims blew past a record 6 million as more states enforced stay-at-home measures to combat the coronavirus pandemic.
Instant View: Weekly US jobless claims top 6 million for first time
The number of Americans filing claims for unemployment benefits last week shot to a record high for a second week in a row – topping 6 million – as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say…
U.S. weekly jobless claims blow past 6 million mark
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…
Futures pare gains as U.S. weekly jobless claims top 6 million
U.S. stocks index futures gave up early gains on Thursday after the number of Americans filing claims for unemployment benefits topped a whopping 6 million as more jurisdictions enforced stay-at-home measures to curb the coronavirus.
