WASHINGTON – A U.S. recession may already be underway. Could it be worse? Powered by WPeMatico

Ratings agency Standard & Poors placed Airbus on its watch list for a possible downgrade as doubts surfaced over the future level of aircraft deliveries and […]

U.S. consumer sentiment dropped to near a 3-1/2-year low in March as the coronavirus epidemic upended life for Americans, and consumer spending was sluggish in February, […]

Lufthansa has applied for short-time work for around 31,000 crew and ground staff at its core brand until the end of August, a spokesman said on […]

Few will regret the end of the first 2020 quarter. Fears of a U.S.-Iran war gave way to the coronavirus pandemic which JPMorgan reckons will have […]

Wall Street fell more than 3% on Friday, following the S&P 500 and the Dow’s best three-day run in nearly a century, as fears about the […]

Defense contractor Lockheed Martin Corp said on Friday that it would advance more than $50 million to suppliers hurt by a sharp economic slowdown caused by […]

U.S. consumer spending rose moderately in February and momentum is set to fade rapidly in the coming months, with the coronavirus pandemic upending life for Americans. […]

China’s auto industry has gone from zero to sixty in its post-pandemic campaign drive, with manufacturers and dealers quick to woo back lockdown-weary consumers through campaigns […]