Wall Street retreated for a second straight day on Tuesday as a collapse in U.S. crude prices and glum annual forecasts by companies foreshadowed the biggest economic slump since the Great Depression.
Lockheed Martin said on Tuesday the spread of coronavirus has delayed shipments of vital supplies to its numerous businesses and will likely hurt its sales this year.
Amazon is extending the closure of its French warehouses until April 25 included, the online retail giant said in a written statement on Tuesday.
A group of firms, including Airbus and Ford, could build more than the current government order of 20,000 ventilators and continue once normal operations begin to resume, the head of the project told Reuters on Tuesday.
A violent hailstorm that hit the Bordeaux wine region last Friday has caused severe damage, with several hundred hectares of vines nearly destroyed, notably in the famous Saint-Emilion region, the local chamber of agriculture said on Tuesday.
While Congress discusses pouring more funds into the Paycheck Protection Program, small businesses are still uncertain on whether they'll get their lifeline. Analysts call for tighter oversight on who gets the cash.
U.S. home sales dropped by the most in nearly 4-1/2 years in March as extraordinary measures to control the spread of the novel coronavirus brought buyer traffic to a virtual standstill, with realtors and economists expecting a further deterioration in housing market activity through the second quarter.
The United States Oil Fund, a popular exchange-traded security known for its 'USO' ticker which is supposed to track the price of oil and is popular with retail investors, plunged as the managers of the fund made repeated changes to its structure to stave off a collapse.
Wall Street tumbled for a second straight day on Tuesday as a collapse in U.S. oil prices and glum forecasts by companies foreshadowed the worst economic slump since the Great Depression.
The U.S. housing regulator on Tuesday provided some long-awaited relief for mortgage firms facing billions of dollars of missed home loan repayments, although industry officials said more liquidity assistance was needed.
Activist investor ValueAct Capital Partners LP has built a stake of over $1.1 billion in Nintendo , according to a letter seen by Reuters, a bet that digital software distribution and the development of new entertainment products will fuel growth at the Japanese consumer electronics company.
New York state brought civil charges on Tuesday accusing Mallinckrodt Plc of insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, leading to medically unnecessary prescriptions.
Black and Hispanic families in the United States are taking the biggest income hit due to the coronavirus pandemic, and they are less prepared to withstand the blow, according to two studies released Tuesday.
"What's needed is not another version of PPP. Again, good intent but it's the wrong medicine," Howard Schultz told CNBC.
An Indian court on Tuesday quashed efforts by the federal government to impose a ban on auditors Deloitte Haskins & Sells LLP and a KPMG affiliate for their alleged abetment of a financial fraud at a domestic firm.