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BP donates jet fuel in U.S. to help with COVID-19 relief

BP is donating 3 million gallons of jet fuel to FedEx and Alaska Airlines [ALKAIR.UL] to help with the distribution of personal protective equipment in the battle against the new coronavirus.



5 years ago

Top Boeing shareholder Vanguard voted against chair Kellner

Top Boeing Co shareholder Vanguard Group voted against the company's chairman Lawrence Kellner, citing "control failures" under its audit committee after two 737 MAX plane crashes, according to a stewardship report issued on Wednesday that will further pressure the planemaker.



5 years ago

Wall Street jumps on coronavirus drug hopes; Fed in focus

U.S. stocks jumped to seven-week highs on Wednesday as Gilead Sciences gave an encouraging update on a potential COVID-19 treatment and upbeat earnings from Google-parent Alphabet boosted the so-called market-leading FAANG stocks.



5 years ago

Residents of this city received the largest tax refunds

Everything is bigger in Texas — even the tax refunds. Filers residing in Midland, Texas, received an average refund of $3,800 in the 2018 tax year, according to MagnifyMoney's analysis of IRS data.

5 years ago

Fed leaves rates near zero, sees virus risks lingering

The Federal Reserve on Wednesday left interest rates near zero and repeated a vow to do what it takes to shore up the U.S. economy amid an ongoing coronavirus pandemic that will not only "weigh heavily" on the near-term outlook but poses "considerable risks" for the medium term as well.



5 years ago

Fed keeps rates steady, vows to maintain coronavirus measures

Federal Reserve policymakers on Wednesday left interest rates near zero and repeated a vow to do what it takes to shore up the economy, saying the ongoing coronavirus pandemic will "weigh heavily" on the near-term outlook and poses "considerable risks" for the medium term.



5 years ago

Boeing to shrink workforce, raise cash as coronavirus slams jet industry

Boeing Co said on Wednesday it would cut its 160,000-person workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as it prepares for a years-long industry recovery from the coronavirus pandemic that drove its second consecutive quarterly loss.



5 years ago

U.S. stocks rally on coronavirus drug hopes

Wall Street stock indexes surged on Wednesday as hopes for an effective COVID-19 treatment prompted a broad rally and helped investors look past bleak economic data.



5 years ago

Fed holds rates near zero — here's what that means for you

For everyday Americans with good credit, historically low interest rates on mortgages and credit cards can be a lifesaver. Riskier borrowers will have to look elsewhere for relief.

5 years ago

Volkswagen indefinitely delays restarting U.S. production

Volkswagen AG said Wednesday it is indefinitely delaying the resumption of production at its Tennessee assembly plant that had been set to restart on May 3.



5 years ago

Fed leaves rates near zero, sees virus-related risks lingering

The Federal Reserve on Wednesday left interest rates near zero and repeated a vow to use its "full range of tools" to shore up the U.S. economy amid an ongoing coronavirus pandemic that will not only slam growth in the near term but pose "considerable risks" in the medium term as well.



5 years ago

Exclusive: Chesapeake Energy preparing bankruptcy filing - sources

Chesapeake Energy Corp , the oil and gas exploration and production company that was at the forefront of the past decade's U.S. shale boom, is preparing a potential bankruptcy filing as it grapples with an unprecedented rout in energy prices, people familiar with the matter said on Wednesday.



5 years ago

The stock market is up from its coronavirus dip. Should you get out?

Wondering if you should take advantage of the upswing in the stock market and pull some money out of it? Here's what you should first consider.

5 years ago

Amazon is Wall Street's biggest winner from coronavirus

No company's stock market value has benefited more from the coronavirus pandemic than Amazon.com's.



5 years ago

Volkswagen, Toyota delay restarting U.S. production

Volkswagen AG and Toyota Motor Corp said Wednesday they will delay restarting U.S. production amid the coronavirus pandemic and concerns about the automotive supply network.



5 years ago