Global equities trended lower on Thursday on concerns about the long-term economic impact of the new coronavirus and simmering U.S.-China tensions, though oil markets set aside those worries and marched to a 2-1/2 month high.
Wall Street's main indexes dropped about 1% on Thursday as investors worried about escalating U.S.-China trade tensions and concerns over a quick rebound from a coronavirus-led economic slump.
President Donald Trump travels on Thursday to the crucial U.S. election battleground state of Michigan to visit a Ford Motor Co plant amid hostility with its Democratic governor over how quickly to reopen its economy during the coronavirus pandemic.
Morgan Stanley's Chief Executive Officer James Gorman told shareholders on Thursday that it is too early for him or anyone on the board of directors to consider reinstating the bank's share buyback program.
Uber Technologies Inc on Thursday for the first time detailed how much it has spent to support its ride-hail drivers and food delivery workers during the coronavirus crisis, which has battered the company and forced it to lay off thousands of employees.
Southwest Airlines Co will continue to limit bookings on its flights through at least July to give passengers space between seats, CEO Gary Kelly told shareholders on Thursday, mirroring a plan by competitor Delta Air Line In .
Michigan's governor announced more steps to re-open the state's economy on Thursday, offering timelines for the resumption of some businesses and allowing some social gatherings as long as guidelines to curb the spread of the coronavirus are observed.
U.S. Treasury Secretary Steven Mnuchin said on Thursday he believes the U.S. economy will "bottom out" in the second quarter and start to improve with the third quarter, with a "gigantic increase" in fourth quarter activity.
Another round of coronavirus relief may include protections for business owners against employees and customers who get sick. Opponents say these cases are already tough to win.
During the pandemic, federal student loan borrowers were supposed to get a break from their bills, and their lenders weren't supposed to report their non-payments to the credit reporting agencies. Some borrowers have seen their scores tank.
Wall Street's main indexes eased on Thursday from more than two-month highs hit in the previous session, as growing Sino-U.S. tensions and concerns about a rebound from a coronavirus-led economic slump hit sentiment.
A bill that could force Chinese companies to give up their listings on American exchanges is now moving at "warp speed," Raymond James says.
Southwest Airlines Co will continue to limit bookings on its flights through at least July to give passengers space between seats, CEO Gary Kelly told shareholders on Thursday, mirroring a plan by competitor Delta Air Lines Inc .
President Donald Trump traveled on Thursday to the crucial U.S. election battleground state of Michigan to visit a Ford Motor Co plant amid hostility with its Democratic governor over how quickly to reopen its economy during the coronavirus pandemic.
Facebook Inc will permanently embrace remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg told employees on Thursday, accelerating the tech sector's geographic diversification away from its home in Silicon Valley.