June 10, 2020

S&P 500, Dow finish lower in volatile trade on dour Fed forecasts

The Dow and S&P 500 ended a choppy session lower on Wednesday after the Federal Reserve reassured investors of its support for the economy but projected […]
June 10, 2020

Fed vows to support U.S. economy’s ‘long road’ to recovery after dire 2020

The U.S. Federal Reserve on Wednesday signaled it would provide years of extraordinary support for an economy facing a torturous slog back from the coronavirus pandemic, […]
June 10, 2020

Lufthansa says up to 26,000 employees at risk of losing jobs

Lufthansa admitted on Wednesday that the positions of up to 26,000 employees are surplus to requirements, suggesting many more jobs will be cut at the German […]
June 10, 2020

Fiat, PSA face EU antitrust probe over $50 billion merger: sources

Fiat Chrysler and Peugeot maker PSA face a lengthy EU antitrust investigation after declining to offer concessions to allay EU antitrust concerns about their planned $50 […]
June 10, 2020

ConcoPhillips CEO says surprised by swift recovery in oil prices

ConocoPhillips Chief Executive Officer Ryan Lance on Wednesday expressed surprise at the quick rebound in U.S. oil prices that slipped into the negative territory in April […]
June 10, 2020

Oil slides below $41 as U.S. inventory rise revives glut worries

Oil slid below $41 a barrel on Wednesday after U.S. data showed crude inventories rose to a record high, reviving worries of a persistent glut due […]
June 10, 2020

American, Delta say demand uptick helping cash burn; United requiring health checklists

American Airlines Group Inc and Delta Air Lines Inc said on Wednesday that a modest recovery in demand was helping to slow daily cash burn rates […]
June 10, 2020

Europe’s Just Eat Takeaway in advanced talks to buy U.S. delivery firm Grubhub

European food ordering firm Just Eat Takeaway.com NV said on Wednesday it was in advanced talks to buy Grubhub Inc in an all-stock deal that, if […]
June 10, 2020

S&P 500, Dow retreat as focus turns to Fed; Nasdaq hits fresh high

The S&P 500 and Dow slipped on Wednesday, as losses in financial stocks countered a boost from the technology sector, with focus now shifting to the […]
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