April 29, 2020

Uber tech chief Thuan Pham steps down

Uber Technologies Inc’s Chief Technology Officer Thuan Pham has resigned, effective May 16, the ride-hailing company said in a regulatory filing https://bit.ly/2SiLDZB on Tuesday. Powered by […]
April 28, 2020

Ford expects $5 billion loss in current quarter as coronavirus hits demand

Ford Motor Co said on Tuesday its second-quarter loss would more than double to over $5 billion from $2 billion in the first quarter due to […]
April 28, 2020

Starbucks expects China recovery by September as coronavirus seen easing

Starbucks Corp said on Tuesday it sees sales in China, the company’s biggest growth market, recovering by the end of September, following a massive drop in […]
April 28, 2020

Wall Street down on flight from techs; move to value limits loss on Dow, S&P 500

Wall Street’s major indexes lost ground on Tuesday as investors moved out of market-leading growth stocks, though a rotation into cyclical value stocks indicated hopes of […]
April 28, 2020

Wells Fargo’s relationship with NRA is ‘declining’: CEO

Wells Fargo & Co’s relationship with the National Rifle Association (NRA) is “declining,” Chief Executive Charles Scharf told investors on Tuesday. Powered by WPeMatico
April 28, 2020

Alphabet warns of difficult quarter as consumers Google pandemic, not shopping

Alphabet Inc on Tuesday beat analysts’ estimate for quarterly revenue as its Google unit posted double-digit advertising growth despite the economic slowdown from the novel coronavirus. […]
April 28, 2020

Brent settles higher on hopes of easing lockdowns, U.S. crude falls amid storage shortage

U.S. crude prices settled about 3% lower on Tuesday after data showing domestic stockpiles didn’t rise as high as had been expected given tightening storage, despite […]
April 28, 2020

Coming U.S. shale results will test extent of oil hedges, output cuts

As low crude oil prices leave U.S. producers struggling to eke out profits, investors will focus on production hedges and cost-cuts to determine winners from losers […]
April 28, 2020

U.S. banks battle technology issues in race for $310 billion in new small-business aid

U.S. bankers racing to grab $310 billion in fresh small-business aid worked through the night on Tuesday, with many battling ongoing technology problems created by 11th […]
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