March 31, 2020

Dow sinks, virus pushes it to sharpest quarterly plunge in over three decades

Wall Street’s three major indexes tumbled on Tuesday, with the Dow registering its biggest quarterly decline since 1987 and the S&P 500 suffering its deepest quarterly […]
March 31, 2020

U.S. dollar weakens as Fed measure weighs

The dollar fell against a basket of major currencies on Tuesday modestly pressured by the weight of Federal Reserve measures meant to ensure there was enough […]
March 31, 2020

Zoom takes lead over Microsoft Teams as coronavirus keeps Americans at home

Zoom Video Communications Inc’s average user numbers in March were nearly three times that of its nearest rival Microsoft Corp’s Teams, according to research firm Apptopia, […]
March 31, 2020

UK banks halt dividends as coronavirus slowdown looms

Barclays , Royal Bank of Scotland and the British arm of Spain’s Santander , said on Tuesday they would suspend dividend payments, saving their capital as […]
March 31, 2020

UniCredit says top managers to forego entire 2020 bonus pay

Italy’s biggest bank by assets, UniCredit SpA , said on Tuesday its top managers had decided to waive their entire 2020 bonus pay and that the […]
March 31, 2020

Southwest Airlines cutting more than 40% of flights in May as demand sags

Southwest Airlines Co said Tuesday it will cut more than 40% of flights from May 3 through June 5 amid a sharp decline in travel demand […]
March 31, 2020

Exclusive: American Airlines to retire more jets, including vintage 737s, in coronavirus downturn

American Airlines Group Inc is set to sharply increase the number of jets it is planning to retire beyond its announced plans as it accelerates a […]
March 31, 2020

Three months that shook global markets

How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has probably been the most […]
March 31, 2020

Stocks slide, on pace for worst quarter since 2008

Global stock markets slid on Tuesday as investors continued to assess the economic damage from the coronavirus pandemic, leaving the MSCI benchmark of world equities on […]
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