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Wall St set to slide at open after jobless claims data
Wall Street's main indexes were set to open lower on Thursday at the end of a strong month for stock markets globally as a grim U.S. jobless claims report overshadowed upbeat results from Facebook and Tesla.
Categories: Reuters
Exclusive: Thai Airways to seek $1.8 billion emergency loan to navigate virus impact - document
Thai Airways International PCL plans to seek a 58.1 billion baht ($1.80 billion) emergency loan to maintain liquidity and see it through a coronavirus-induced drop in demand, showed a document from the airline detailing the plan.
Categories: Reuters
Lufthansa pilots offer to sacrifice up to 45% of salary: union
Pilots at Lufthansa are ready to sacrifice up to 45% of their salaries for more than two years to help cut costs, their union Cockpit said on Thursday, as the airline struggles with the impact of the coronavirus pandemic.
Categories: Reuters
Oil prices rise on some signs of pick-up in fuel demand
Oil prices jumped on Thursday, lifted by signs the U.S. crude glut is not growing as quickly as expected and indications of a rise in fuel demand that has been crushed by the coronavirus.
Categories: Reuters
Wall Street sidesteps Musk lockdown rant as Tesla numbers improve
Wall Street brokerages gave a resounding thumbs-up to Tesla Inc's first-quarter numbers on Thursday, lauding the electric carmaker's improved gross margins and sending its shares 8% higher in trading before the opening bell.
Categories: Reuters
Exclusive: Nissan shakes off virus woes in China sales with rebound in April - sources
Nissan Motor Co's vehicle sales in China this month almost recovered to the prior year's level after a coronavirus-related 45% plunge in March, two sources with knowledge of the Japanese automaker's preliminary data said.
Categories: Reuters
U.S. weekly jobless claims remain elevated as millions more seek benefits
Millions more Americans filed claims for unemployment benefits last week, suggesting that layoffs were spreading to industries that were not initially directly impacted by business closures and disruptions related to the coronavirus.
Categories: Reuters
JPMorgan received almost $18 billion in PPP loan applications: bank
JPMorgan Chase & Co said in an email to small business clients late on Wednesday that it had submitted roughly 220,000 applications this week to the Small Business Administration for the Paycheck Protection Program.
Categories: Reuters
Thyssenkrupp taps 1 billion euro in state aid amid cash squeeze before elevator sale
Thyssenkrupp has secured about 1 billion euros ($1.1 billion) of state aid to tide it over until it receives the money from the sale of its elevator division, two sources said on Thursday, the latest German company to tap government funding.
Categories: Reuters
Pringles maker Kellogg says profit jumps 23% on virus-led stockpiling
Breakfast cereal maker Kellogg Co on Thursday reported a 23% rise in quarterly profit as consumers in North America and Europe stocked up on its packaged foods amid coronavirus-driven lockdowns.
Categories: Reuters
Shell cuts dividend for first time since World War Two
Royal Dutch Shell cut its dividend for the first time since World War Two on Thursday in a drastic step to preserve cash as it prepares for a protracted slump in demand for oil because of the coronavirus pandemic.
Categories: Reuters
Tesla's Elon Musk calling coronavirus lockdowns 'fascist' overshadows profitable quarter
Tesla Inc's outspoken CEO Elon Musk on Wednesday called sweeping U.S. stay-at-home restrictions to curtail the coronavirus outbreak "fascist" as the electric carmaker posted its third quarterly profit in a row.
Categories: Reuters
American Airlines posts first quarterly loss since emerging from bankruptcy
American Airlines on Thursday posted a $1.1 billion net loss, its first quarterly loss since emerging from bankruptcy in 2013, and warned of a cash burn of about $70 million a day in the second quarter, as the COVID-19 pandemic brought travel to a near standstill.
Categories: Reuters
Dow, S&P 500 futures dip at end of strong month; jobless data eyed
Dow and S&P 500 stock index futures dipped on Thursday at the end of a strong month for Wall Street, with investors nervous about another stunning jobless claims figure, while Nasdaq futures were supported by upbeat earnings from Facebook and Tesla.
Categories: Reuters
McDonald's profit misses estimates as restaurants limit services
McDonald's Corp missed Wall Street estimates for quarterly profit on Thursday as most of its restaurants limited their services to delivery, drive-thru and take-away to curb the spread of the coronavirus pandemic.
Categories: Reuters
ConocoPhillips swings to loss on oil price slump, impairments
U.S. oil and gas company ConocoPhillips swung to a first quarter loss on Thursday as it took big hits from impairments and the falling value of its stake in Canadian producer Cenovus Energy.
Categories: Reuters
Stocks nurse record monthly gains ahead of ECB
World stocks headed for their best month on record on Thursday, as encouraging early results from a COVID-19 treatment trial and expectations of more European Central Bank (ECB) stimulus later in the day helped ease the pain of February and March.
Categories: Reuters
Twitter sales top estimates, sees rebound from Asia's eased coronavirus rules
Twitter Inc on Thursday said its ads sales slightly rebounded in Asia after a plunge due to the coronavirus outbreak and it had accelerated work on tools to attract advertisers, becoming the latest tech company to report a lighter blow from the pandemic than forecast.
Categories: Reuters
Britain's Sainsbury's warns of $623 million coronavirus hit to profit
British supermarket group Sainsbury's warned the impact of the coronavirus pandemic on current year profit could be over 500 million pounds ($623 million) and said decisions on paying dividends to shareholders would be deferred.
Categories: Reuters
Dow, S&P 500 futures dip at end of strong month; jobless data awaited
Dow and S&P 500 stock index futures dipped on Thursday as nerves kicked in at the end of an overall strong month for stocks with investors awaiting the weekly jobless claims data, while Nasdaq futures rose after upbeat earnings from Facebook and Tesla.
Categories: Reuters