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 […]
April 30, 2020

American Airlines posts first quarterly loss since emerging from bankruptcy

American Airlines on Thursday posted its first quarterly loss since emerging from bankruptcy in 2013, and said it expects second-quarter cash burn rate to be about […]
April 30, 2020

McDonald’s profit misses estimates as restaurants limit services

McDonald’s Corp missed Wall Street estimates for quarterly profit on Thursday as most of its restaurants limited their services to delivery, drive-thru and take-away to curb […]
April 30, 2020

ConocoPhillips swings to loss on oil price slump, impairments

U.S. oil and gas company ConocoPhillips swung to a first quarter loss on Thursday as it took big hits from impairments and the falling value of […]
April 30, 2020

Thyssenkrupp taps 1 billion euro in state aid amid cash squeeze before elevator sale

Thyssenkrupp has secured about 1 billion euros ($1.1 billion) of state aid to tide it over until it receives the money from the sale of its […]
April 30, 2020

Stocks nurse record monthly gains ahead of ECB

World stocks headed for their best month on record on Thursday, as encouraging early results from a COVID-19 treatment trial and expectations of more European Central […]
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