April 30, 2020

Macy’s reopening 68 stores, targets all within six weeks as U.S. restrictions loosen

Macy’s Inc plans to reopen 68 U.S. stores on Monday in states that have loosened coronavirus lockdowns, the department store operator said on Thursday, as more […]
April 30, 2020

S&P 500, Dow slip after grim jobless claims data

The S&P 500 and Dow Jones indexes dipped on Thursday as a grim U.S. jobless claims report took the shine off a strong month for stock […]
April 30, 2020

Fed to expand reach of ‘Main Street’ lending program

The U.S. Federal Reserve on Thursday widened a key program to nurse the “Main Street” economy through the coronavirus pandemic, agreeing to lend to even larger […]
April 30, 2020

U.S. economy may not need more stimulus to weather coronavirus hit: White House official

The U.S. economy may be able to weather the hit from the coronavirus with the stimulative policies already in the pipeline without the need for more […]
April 30, 2020

Twitter gains users, beats estimates but ad trends alarm investors

Twitter Inc on Thursday reported higher first-quarter revenue and a smaller loss than analysts had expected amid the coronavirus pandemic, but its shares fell as investors […]
April 30, 2020

ConocoPhillips to sharply cut oil production as low prices hit earnings

U.S. oil and gas company ConocoPhillips said on Thursday it would sharply reduce oil production in coming weeks, aiming to shut in 35% of its total […]
April 30, 2020

Oil prices set to cap off nightmare month with gains

Oil prices jumped for a second day on Thursday, lifted by signs the U.S. crude glut is not growing as quickly as expected and clawing back […]
April 30, 2020

McDonald’s profit misses estimates, shares drop 4%

McDonald’s Corp missed Wall Street estimates for quarterly profit on Thursday as some restaurants in Europe and elsewhere remained closed to curb the spread of the […]
April 30, 2020

Millions of Americans continue to seek jobless benefits; consumer spending tanks

Millions more Americans filed claims for unemployment benefits last week, suggesting that layoffs were spreading to industries that were not initially directly impacted by business closures […]
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