[ad_1] MELBOURNE (Reuters) – Oil prices rose on Thursday, building on big gains in the previous session on signs the U.S. crude glut is not growing as fast as expected and that gasoline demand battered
Shares jump on coronavirus drug hopes, oil surges
[ad_1] NEW YORK (Reuters) – World stock markets surged on Wednesday following encouraging news for an experimental COVID-19 treatment and some positive earnings reports, while beaten-up oil prices soared. The New York Stock Exchange (NYSE)
U.S. economy faces hard slog back from pandemic, Fed chief says
[ad_1] WASHINGTON (Reuters) – The head of the Federal Reserve on Wednesday dashed lingering hopes for a fast rebound from the coronavirus pandemic, saying the U.S. economy could feel the weight of consumer fear and
Boeing to shrink workforce, raise cash as coronavirus slams jet industry
[ad_1] (Reuters) – Boeing Co (BA.N) said on Wednesday it would cut its 160,000-person workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as it prepares for a years-long industry
Fed lending programs may get more funds, but not airlines – Treasury’s Mnuchin
[ad_1] WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Wednesday he is ready to invest more capital in new or expanded Federal Reserve coronavirus rescue lending programs but is not considering more aid
Data on Gilead drug raises hopes in pandemic fight, Fauci calls it ‘highly significant’
[ad_1] (Reuters) – The top U.S. infectious disease official said Gilead Sciences Inc’s (GILD.O) experimental antiviral drug remdesivir will become the standard of care for COVID-19 after early results from a key clinical trial on
GE warns of more pain ahead as pandemic deals $1 billion cash hit
[ad_1] (Reuters) – General Electric Co (GE.N) said on Wednesday the coronavirus pandemic dealt a $1 billion blow to cash flow at its industrial business in the first quarter, while total revenue fell almost 8%
Big crude oil fund had $726 million in unrealized losses before April
[ad_1] BOSTON (Reuters) – The United States Oil Fund (USO.P) was sitting on more than $700 million in unrealized losses at the end of March, several weeks before the market fully grasped the outsized role
Deutsche Boerse first-quarter profit up 33%, in line with expectations
[ad_1] The German share prize index (DAX) board is seen at the end of a trading day at the German stock exchange (Deutsche Boerse) in Frankfurt, Germany, February 12, 2019. REUTERS/Kai Pfaffenbach/Files FRANKFURT (Reuters) –
Corona what? Tesla retail investors appear unfazed by virus impact
[ad_1] (Reuters) – When Tesla Inc reports first-quarter results after the bell on Wednesday, many individual shareholders will not be looking for details on the subject that drives most conversations: the effect of the novel