May 6, 2020

U.S. private payrolls dive by a record 20.2 million

U.S. private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the economy, […]
May 6, 2020

Futures rise on optimism around easing of lockdowns

U.S. stock index futures rose on Wednesday as investors turned hopeful of a pickup in business activity with several countries and U.S. states relaxing coronavirus-induced curbs. […]
May 6, 2020

World shares subdued amid weak data; oil resumes gains

Global shares struggled on Wednesday as weak economic data, doubts about the easing of coronavirus lockdowns and simmering U.S.-China tensions cast a pall over markets. Powered […]
May 6, 2020

Qatar Airways expects to re-open routes this month

Qatar Airways on Wednesday said it will start expanding its network this month in anticipation of countries easing travel restrictions that have halted global aviation. Powered […]
May 6, 2020

New York Times warns of ad sales drop after upbeat first-quarter results

The New York Times Co warned of a steep fall in advertising sales in the current quarter after beating Wall Street’s profit and revenue estimates on […]
May 6, 2020

Barrick adjusted profit jumps on higher prices, trims gold 2020 output

Canadian miner Barrick Gold Corp reported a nearly 55% rise in quarterly adjusted profit on Wednesday, benefiting from a surge in gold prices fueled by concerns […]
May 6, 2020

Coronavirus hits GM first-quarter profit hard

General Motors Co on Wednesday reported a huge plunge in first-quarter quarter profit as it burned through cash with its the North American vehicle production shut […]
May 6, 2020

KKR’s first-quarter profit rises 11% on stronger asset sales

Private equity firm KKR & Co Inc reported an 11% jump in after-tax distributable earnings in the first quarter on Wednesday, driven by growth in asset […]
May 6, 2020

CVS Health first-quarter profit beats on COVID-19 stockpiling

CVS Health Corp on Wednesday posted first-quarter profit above Wall Street estimates, as its pharmacy benefits management business and its drugstores benefited from customers stockpiling medicines […]
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