March 27, 2020

Airbnb suspends marketing to save $800 million, top executives take pay cut: source

Airbnb Inc has suspended all its marketing activities to save $800 million this year, and its founders will take no salary for the next six months […]
March 27, 2020

Apple’s factories are running, but suppliers wary about iPhone demand

As China reopens its economy after months of lockdown, Apple Inc’s iPhone factories are largely up and running. But with the coronavirus pandemic spreading across the […]
March 27, 2020

Wall Street tumbles as U.S. virus cases pass 100,000

Wall Street stocks tumbled on Friday, ending a massive three-day surge after doubts about the fate of the U.S. economy resurfaced and the number of coronavirus […]
March 27, 2020

Bipartisan majority of Americans reject Trump idea to reopen by Easter: Reuters/Ipsos poll

A bipartisan majority of Americans appear to reject an idea floated by President Donald Trump to reopen businesses by Easter, according to a Reuters/Ipsos poll, which […]
March 27, 2020

U.S. airlines cheer government relief but warn it is no ‘cure’ for deep industry crisis

United Airlines Holdings Inc and Delta Air Lines welcomed on Friday a $50 billion relief package they said would protect jobs through September but warned that […]
March 27, 2020

European airlines resist mounting coronavirus refund claims

European airlines waiting in line for coronavirus bailouts want to tap another source of interest-free loans: their customers. Powered by WPeMatico
March 27, 2020

U.S. airlines expect clarity on terms of payroll grants in 5-10 days: UAL senior executives

U.S. airlines expect to learn the terms of federal aid meant to protect workers’ payrolls in the midst of a sharp downturn from the coronavirus in […]
March 27, 2020

Wall Street tumbles as U.S. virus cases pass 85,000

Wall Street tumbled on Friday, ending a massive three-day surge after doubts about the fate of the U.S. economy resurfaced and the number of coronavirus cases […]
March 27, 2020

Oil plunges posting fifth straight weekly loss despite stimulus efforts

Oil prices plunged 5% on Friday and posted a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around […]
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