May 21, 2020

Oil at highest since March on lower U.S. inventories, recovering demand

Oil prices rose on Thursday to their highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts and recovering demand as governments ease restrictions […]
May 21, 2020

Best Buy sees margin pressure as online demand raises delivery spend

Best Buy Co Inc said on Thursday it expects profit margins to be under pressure in the second quarter, as it spends more on expanding delivery […]
May 21, 2020

Could coronavirus help Amazon workers unionize?

Warehouse employees last month staged a walkout in Michigan to demand safer working conditions at their facility. So did workers in New York, Illinois and Minnesota. […]
May 21, 2020

Macy’s warns of up to $1 billion quarterly loss due to lockdowns

Macy’s Inc said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the retailer was forced to […]
May 21, 2020

Gap rushes in more robots to warehouses to solve virus disruption

U.S. apparel chain Gap Inc is speeding up its rollout of warehouse robots for assembling online orders so it can limit human contact during the coronavirus […]
May 21, 2020

Best Buy revenue, profit beat estimates as online sales surge

Best Buy Co Inc’s quarterly revenue and profit topped analysts’ estimates on Thursday due to a surge in online sales of electronics needed for consumers to […]
May 21, 2020

Trump to visit Ford plant in battleground state Michigan amid tensions with governor

U.S. President Donald Trump travels to the political swing state of Michigan on Thursday to visit a Ford plant amid tension with the state’s Democratic governor […]
May 21, 2020

Sellers beware: Price collapse triggers bartering over oil and gas deals

The collapse in oil prices to 21-year lows has led potential buyers of oil and gas fields to try and renegotiate deals already agreed at higher […]
May 21, 2020

Lufthansa closes in on $10 billion state rescue deal

Lufthansa is in advanced talks over a 9 billion euros ($9.9 billion) state bailout that would see Germany take a 20% stake in its flagship airline, […]
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