March 16, 2020

British Airways-owner to cut capacity by 75%, CEO Walsh staying on

The owner of British Airways said it would cut its flying capacity by at least 75% in April and May and its outgoing boss Willie Walsh […]
March 16, 2020

Fed brings out big guns, investors fear the worst

A massive rollout of easing measures by the Federal Reserve served to deepen some investors’ anxiety over how effectively policymakers will be able to mitigate the […]
March 16, 2020

Stocks dive as rescue bids by Fed, peers fail to calm panicky markets

Stock markets were routed and the dollar stumbled on Monday after the Federal Reserve slashed interest rates in an emergency move and its major peers offered […]
March 16, 2020

Nike, Under Armour join retailers shutting stores to limit virus spread

Nike Inc, Lululemon Athletica Inc and Under Armour Inc on Sunday said they would close stores in the United States and other markets, joining a growing […]
March 16, 2020

Stocks crumble, unconvinced as Fed and peers attempt radical rescue

Stock markets and the dollar were roiled on Monday after the Federal Reserve slashed interest rates in an emergency move and its major peers offered cheap […]
March 16, 2020

Oil slides again, squeezed between coronavirus demand hit and price war bite

Oil extended losses on Monday as an emergency rate cut by the U.S. Federal Reserve failed to soothe global financial markets panicked by the rapid spread […]
March 16, 2020

United warns of cash bleed, empty planes even after more schedule cuts

United Airlines Holdings booked $1.5 billion less revenue in March than the same time last year and warned employees that planes could be flying nearly empty […]
March 16, 2020

Stocks reel as Fed leads global rescue effort for markets

Stock markets and the dollar were roiled on Monday after the Federal Reserve slashed interest rates in an emergency move and its major peers offered cheap […]
March 16, 2020

More U.S. retailers shut stores to limit coronavirus spread

More major retailers said on Sunday they would shut stores in the United States to limit the spread of the coronavirus, including Nike, Under Armour, and […]
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