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Wall St drops on Trump's China trade comments, economic worries
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.
Categories: Reuters
Exclusive: Airbus must be 'resized' to tackle crisis, CEO tells staff - sources
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.
Categories: Reuters
Delta to have 7,000 more pilots than needed in the fall: memo
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.
Categories: Reuters
Nissan could look at shutting Barcelona plant, no decision made: sources
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.
Categories: Reuters
Exclusive: Delta to have 7,000 more pilots than needed in the fall - memo
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.
Categories: Reuters
Trump rips into China over coronavirus, 'very disappointed'
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.
Categories: Reuters
JPMorgan's U.S. credit card holders spent 40% less due to coronavirus
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
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.
Categories: Reuters
Delta to retire Boeing 777 aircraft fleet to rein in costs
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.
Categories: Reuters
U.S. SEC charges two companies over misleading COVID-19 claims: statement
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.
Categories: Reuters
Delta to retire Boeing 777 aircraft fleet
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.
Categories: Reuters
Nvidia turns to driver-assistance market as robo-taxis stall
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.
Categories: Reuters
Renault to discontinue iconic models as carmaker cuts costs: sources
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.
Categories: Reuters
Stocks drop for third day as recovery hopes falter
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.
Categories: Reuters
Futures fall on fears of prolonged economic downturn
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.
Categories: Reuters
Zoom to expand in U.S. with engineering centers in Phoenix, Pittsburgh
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
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
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
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
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