June 16, 2020

Stocks, dollar gain on U.S. retail sales, drug trial

A record rebound in U.S. retail sales, fresh support from the Federal Reserve and Bank of Japan, and upbeat trial results for a COVID-19 treatment boosted […]
June 16, 2020

Hilton to cut 2,100 corporate jobs globally

Hotel chain Hilton Worldwide Holdings Inc said on Tuesday it would cut about 22% of its corporate workforce, or 2,100 jobs, following the coronavirus outbreak that […]
June 16, 2020

Wall Street jumps as May retail sales boost hopes of swift recovery

U.S. stocks advanced on Tuesday after a record surge in May retail sales revived hopes of a swift post-pandemic economic rebound, with sentiment also lifted by […]
June 16, 2020

European airlines face longer haul to recovery

A patchwork of national restrictions and a reluctance among travellers to cross borders mean European airlines face a bumpier return to the skies from coronavirus lockdowns […]
June 16, 2020

U.S. business inventories drop more than expected

U.S. business inventories fell more than expected in April as the COVID-19 crisis depressed imports, suggesting inventory investment could again be a drag on economic output […]
June 16, 2020

New York area business activity shows signs of improvement in June

Business conditions in the New York region began to show signs of improvement in June, and companies have started bringing their staff back to work and […]
June 16, 2020

Oil prices up 4% on supply cuts, improving demand

Oil prices jumped around 4% on Tuesday after the International Energy Agency (IEA) increased its oil demand forecast for 2020 and as record supply cuts provided […]
June 16, 2020

U.S. economic recovery hinges on virus being under control, Fed’s Powell says

A full U.S. economic recovery will not occur until the American people are sure that the novel coronavirus epidemic has been brought under control, Federal Reserve […]
June 16, 2020

AB Volvo to cut white-collar workforce by 4,100 jobs as pandemic weighs

Truck- and construction equipment maker AB Volvo plans to cut its white-collar workforce by around 4,100 positions during the second half of 2020, it said in […]
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