May 5, 2020

Oil surge lifts global stocks out of three-day losing streak

A gauge of global stock markets rose on Tuesday, snapping a three-day losing streak, while oil prices soared as investors shrugged off grim economic data on […]
May 5, 2020

Airbnb cuts 1,900 jobs as coronavirus hits home rentals

Airbnb Inc is laying off 25% of its workforce, or nearly 1,300 employees, the home rental startup said on Tuesday, as the COVID-19 pandemic brings global […]
May 5, 2020

Exclusive: Lord & Taylor to liquidate its stores as soon as they reopen – sources

Venerable U.S. retailer Lord & Taylor plans to liquidate inventory in its 38 department stores once restrictions to curb the spread of coronavirus are lifted as […]
May 5, 2020

Mattel readies Baby Yoda toys for Christmas as factories come back online

Mattel Inc will have a new line of “Baby Yoda” toys ready to hit shelves in time for Christmas, the toymaker said on Tuesday, as it […]
May 5, 2020

Wall Street rises as lockdowns ease, healthcare shares jump

Wall Street’s main indexes gained on Tuesday as healthcare stocks rallied, oil prices surged and a number of countries and U.S. states eased coronavirus-induced restrictions in […]
May 5, 2020

Beyond Meat plans U.S. discounts, hopes to replace beef on summer grills

Vegetarian burger maker Beyond Meat plans to offer large value packs and discounts to some U.S. retailers this summer, hoping to grab a larger share of […]
May 5, 2020

Delta caps aircraft seating capacity to ensure safety amid COVID-19

Delta Air Lines said on Tuesday it was putting a limit to seating capacity in its airplanes, as the U.S. carrier looks to provide a safe […]
May 5, 2020

3M wins injunction against mask seller accused of price gouging

3M Co won an injunction from a federal judge against a New Jersey company it accused of illegally using its trademarks to sell 3M-branded N95 respirator […]
May 5, 2020

Wall Street jumps as energy shares rise, lockdowns ease

Wall Street’s main indexes jumped on Tuesday as a recovery in oil prices lifted battered energy stocks and a slew of countries eased coronavirus-induced restrictions in […]
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