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Wall St drops on Trump's China trade comments, economic worries

Reuters Business News - Thu, 05/14/2020 - 09:44
Wall Street's main indexes fell on Thursday, extending declines for the third straight session, as comments from President Donald Trump renewed worries over Sino-U.S. trade relations and added to concerns of a prolonged economic downturn.
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Exclusive: Airbus must be 'resized' to tackle crisis, CEO tells staff - sources

Reuters Business News - Thu, 05/14/2020 - 09:34
Planemaker Airbus has told senior staff the company must be "resized" in plans to be set out by around end-June and is ready to cut jet production again to tackle any second wave of the coronavirus crisis, people briefed on the matter said.
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Delta to have 7,000 more pilots than needed in the fall: memo

Reuters Business News - Thu, 05/14/2020 - 09:25
Delta Air Lines , with more than 14,000 pilots on its roster, expects to have 7,000 more than it needs in the fall as the coronavirus pandemic weighs on its operations, according to a memo to flight operations employees seen by Reuters.
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Nissan could look at shutting Barcelona plant, no decision made: sources

Reuters Business News - Thu, 05/14/2020 - 09:17
Nissan Motor may be looking at the possibility of closing its Barcelona factory but no final decision has been made as the Japanese carmaker plans a new global strategic direction, two sources with direct knowledge told Reuters.
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Exclusive: Delta to have 7,000 more pilots than needed in the fall - memo

Reuters Business News - Thu, 05/14/2020 - 09:11
Delta Air Lines expects to have 7,000 more pilots than it needs in the fall as the coronavirus pandemic weighs on its operations, according to a memo to flight operations employees seen by Reuters.
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Trump rips into China over coronavirus, 'very disappointed'

Reuters Business News - Thu, 05/14/2020 - 08:53
U.S. President Donald Trump on Thursday said he was very disappointed in China over its failure to contain the novel coronavirus, saying the worldwide pandemic cast a pall over his U.S.-China trade deal.
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JPMorgan's U.S. credit card holders spent 40% less due to coronavirus

Reuters Business News - Thu, 05/14/2020 - 08:49
Credit card spending among some of JP Morgan Chase & Co's U.S. customers fell 40% during March and early April compared to last year, as Americans stayed home to protect against the novel coronavirus, according to a new report on Thursday.
Categories: Reuters

Wall Street opens lower on economic concerns, trade war fears

Reuters Business News - Thu, 05/14/2020 - 08:41
U.S. stocks opened lower on Thursday as investors grappled with the possibility of prolonged economic weakness due to the coronavirus outbreak, while the threat of a renewed Sino-U.S. trade war also added pressure.
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Delta to retire Boeing 777 aircraft fleet to rein in costs

Reuters Business News - Thu, 05/14/2020 - 08:38
Delta Air Lines said on Thursday it would no longer fly Boeing Co's wide-body 777 aircraft and some of the other older high-maintenance jets, as the U.S. carrier looks to cut costs amid a steep fall in bookings due to travel restrictions around the world.
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U.S. SEC charges two companies over misleading COVID-19 claims: statement

Reuters Business News - Thu, 05/14/2020 - 08:35
The U.S. Securities and Exchange Commission said on Thursday it has charged two companies for allegedly providing misleading claims related to COVID-19, the disease caused by the novel coronavirus, after previously suspending trading of both.
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Delta to retire Boeing 777 aircraft fleet

Reuters Business News - Thu, 05/14/2020 - 08:32
Delta Air Lines said on Thursday it would retire Boeing Co's wide-body 777 aircraft from its fleet and remove them from service by the end of 2020.
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Nvidia turns to driver-assistance market as robo-taxis stall

Reuters Business News - Thu, 05/14/2020 - 08:23
Nvidia Corp, whose semiconductors power data centers, autonomous cars and robots, said on Thursday it plans to enter the market for technology that helps cars with automated lane-keeping, cruise control and other driver-assistance features.
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Renault to discontinue iconic models as carmaker cuts costs: sources

Reuters Business News - Thu, 05/14/2020 - 08:15
Renault is preparing to substantially trim down its vehicle range, withdrawing well-known but ailing models like the Espace minivans, as part of looming cost cutting plans, four sources in the industry and close to the French carmaker said.
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Stocks drop for third day as recovery hopes falter

Reuters Business News - Thu, 05/14/2020 - 08:12
World stock markets fell for a third day running on Thursday after a sobering warning from the World Health Organization that the coronavirus may never go away and signals that top central banks may have hit the bottom with interest rates.
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Futures fall on fears of prolonged economic downturn

Reuters Business News - Thu, 05/14/2020 - 08:11
Wall Street's main indexes were set to extend declines on Thursday, following two prior sessions of losses, as investors worried the current economic downturn might be here for longer than initially presumed.
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Zoom to expand in U.S. with engineering centers in Phoenix, Pittsburgh

Reuters Business News - Thu, 05/14/2020 - 08:06
Zoom Video Communications Inc said Thursday it plans to hire 500 software engineers for research and development locations in Phoenix and Pittsburgh over the next two years, expanding its engineering workforce by about 60%.
Categories: Reuters

Deutsche Boerse says acquisitions to play major role in strategy

Reuters Business News - Thu, 05/14/2020 - 07:59
Acquisitions will play a "major role" in Deutsche Boerse's strategy update later this year, the chief of the stock exchange said.
Categories: Reuters

Millions more Americans file for jobless benefits as coronavirus layoffs widen

Reuters Business News - Thu, 05/14/2020 - 07:38
The global novel coronavirus crisis continues to batter the U.S. labor market, with millions more Americans, including white collar workers, filing for unemployment benefits last week as the hit from the pandemic spills over into a broader swath of the economy.
Categories: Reuters

How Tesla tapped a tiny Canadian lab for battery breakthroughs

Reuters Business News - Thu, 05/14/2020 - 07:09
Tesla Inc is a leader in electric vehicle battery technology, but the company doesn't do all its own research.
Categories: Reuters

Coronavirus crisis a window of opportunity for bankers to the rich

Reuters Business News - Thu, 05/14/2020 - 06:55
When markets slumped in March as the spread of coronavirus gathered pace, wealth managers' trading volumes soared as ultra rich clients reshuffled their portfolios.
Categories: Reuters
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