April 22, 2020

Wall Street surges as Congress preps more stimulus and oil bounces back

Wall Street surged on Wednesday as oil prices recovered and Congress looked on course to approve nearly $500 billion more in aid to help small businesses […]
April 22, 2020

Las Vegas Sands posts first-quarter loss on coronavirus woes

Las Vegas Sands Corp posted a loss for the first quarter compared to a year-ago profit, as the coronavirus pandemic slammed gaming revenue at the casino […]
April 22, 2020

CSX profit falls as coal, automotive declines weigh on results

U.S. railroad operator CSX Corp on Wednesday withdrew its financial forecasts and said it was evaluating future spending as business shutdowns because of the COVID-19 pandemic […]
April 22, 2020

U.S. House poised to pass more coronavirus aid, avoids remote voting wrangle

The U.S. House of Representatives expects to pass a nearly $500 billion coronavirus relief bill on Thursday but will put off any decision on changing its […]
April 22, 2020

Chevron barred from drilling, transporting oil in Venezuela: U.S official

Chevron Corp has been banned from drilling or transporting oil in Venezuela and its assets there are “mothballed” as the Trump administration cracks down on money […]
April 22, 2020

U.S. auto sales begin recovery from March coronavirus drop: J.D. Power analysts

Auto retail sales in the United States are beginning to recover from a massive slump in March due to the outbreak of the coronavirus and nationwide […]
April 22, 2020

Air France-KLM nears bailout with improved guarantees: sources

Air France-KLM is moving towards a 10 billion euro ($10.9 billion) government-backed rescue deal, sources said, after France agreed to higher guarantees on loans designed to […]
April 22, 2020

Brent crude rebounds from 1999 lows, U.S. oil up more than 25% in wild trade

Brent crude oil rebounded from two days of losses and U.S. futures surged on Wednesday, bolstered by tentative discussions of additional supply cuts from OPEC producers […]
April 22, 2020

Oil exec and Trump ally Hamm seeks U.S. probe of oil price crash

The founder of Continental Resources Inc , an ally of U.S. President Donald Trump, is pressing the U.S. commodity markets regulator and the exchange to probe […]
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