May 11, 2020

Shut casinos hit Caesars as COVID-19 puts gambling industry in survival mode

Caesars Entertainment Corp missed quarterly revenue estimates on Monday as it shuttered its casinos amid nationwide lockdowns to contain the spread of the COVID-19 pandemic. Powered […]
May 11, 2020

Tesla tells California employees to return to work in defiance of county orders

Tesla Inc on Monday told employees at its primary vehicle factory in California to return to work, defying local officials, who said days earlier that the […]
May 11, 2020

S&P 500 closes barely higher as investors balance pandemic with recovery

The S&P 500 closed barely higher, eking out a nominal gain on Monday as investors weighed new spikes in coronavirus infections with expectations that an economy […]
May 11, 2020

Global equities markets waver, bonds dip on fears of second wave of infections

Global equities wavered on Monday as investors weighed a jump in coronavirus cases in South Korea and Germany against signs that more parts of the U.S. […]
May 11, 2020

Marriott profit misses as bookings, revenue per room plunge

U.S. hotel operator Marriott missed already lowered estimates for first-quarter profit by a huge margin on Monday, as bookings plunged due to the coronavirus-led lockdowns that […]
May 11, 2020

Oklahoma oil regulators hear arguments on output cuts

Oklahoma’s energy regulators on Monday began hearing arguments from producers seeking to win state-support for setting limits on oil production to help stabilize prices. Powered by […]
May 11, 2020

S&P 500 edges higher as tech, healthcare shares shine

The S&P 500 ticked higher on Monday as gains in healthcare and technology stocks countered losses in financials, while investors kept an eye on new coronavirus […]
May 11, 2020

Oil falls on fears of second coronavirus wave

Oil prices fell on Monday as investors worried about a second wave of coronavirus infections, but new output cuts from Saudi Arabia tempered worries about oversupply […]
May 11, 2020

California should do whatever’s needed to help Tesla reopen car factory: Mnuchin

California should do whatever is necessary to help electric carmaker Tesla Inc reopen its only U.S. vehicle factory, U.S. Treasury Secretary Steven Mnuchin said on Monday. […]
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