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U.S. senator to liquidate individual stock shares after coronavirus flap

U.S. Senator Kelly Loeffler said on Wednesday she would liquidate her individual stock share positions after the wealthy Republican and her husband were criticized over sales of millions of dollars in stock during the coronavirus outbreak.



5 years ago

U.S. crude futures up 5% ahead of OPEC+ meeting

U.S. crude futures rose as much as 6% in early trade on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as global oil demand has collapsed amid the coronavirus pandemic.



5 years ago

Streaming service Disney+ crosses 50 million paid subscribers globally

Walt Disney Co said on Wednesday that Disney+ has attracted more than 50 million paid users, with 8 million of them coming from India where the video streaming service was rolled out last week.



5 years ago

Automakers push to reopen plants with testing and lots of masks

Global automakers reeling from the COVID-19 pandemic are accelerating efforts to restart factories from Wuhan to Maranello to Michigan, using safety protocols developed for China and U.S. ventilator production operations launched in recent weeks.



5 years ago

U.S. approves Google request to use segment of U.S.-Asia undersea cable

The Federal Communications Commission (FCC) on Wednesday approved Alphabet Inc unit Google's request to use part of an U.S.-Asia undersea telecommunications cable after the company warned it would face significantly higher prices to carry traffic by other means.



5 years ago

BlackRock will not layoff employees due to COVID-19 pandemic: CEO

BlackRock Inc , the world's largest asset manager, will not layoff any employees during the year due to the coronavirus outbreak, Chief Executive Officer Larry Fink said on Wednesday.



5 years ago

Etsy CEO says 20,000 of its shops are now selling face masks following CDC recommendation

"Our sellers are able to produce hundreds of thousands of masks per day," Etsy CEO Josh Silverman told CNBC.

5 years ago

Starbucks sees 47% drop in second-quarter earnings on coronavirus hit

Starbucks Corp on Wednesday forecast a 47% drop in second-quarter earnings, scrapped its full-year forecast and warned that the financial hit from the coronavirus pandemic would extend into the final quarter of 2020.



5 years ago

Fed's Kaplan sees U.S. growth returning in second half, but consumers staying cautious

The U.S. economy is headed for a return to growth in the second half of the year after a steep decline this quarter, Dallas Federal Reserve Bank President Robert Kaplan said on Wednesday.



5 years ago

Trump says U.S. producers have already cut back oil production

U.S. President Donald Trump said on Wednesday U.S. oil producers have already cut production and he had many options if Saudi Arabia and Russia do not reduce their output when they and other exporters meet on Thursday.



5 years ago

Zoom hires ex-Facebook security chief as Google bans desktop app

Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser as safety and privacy concerns about its fast-growing video-conferencing app drive a global backlash against the company.



5 years ago

Exclusive: Airbnb to restrict bookings on its platform in Britain

Home rental firm Airbnb will block British bookings on its platform for the vast majority of customers on Thursday, allowing only key workers to stay in properties for as long as emergency government coronavirus restrictions are in place.



5 years ago

As delivery workers emerge as frontline soldiers, India's government warms to e-commerce

Three days after India imposed a nationwide lockdown, Devender Singh revved up his motorcycle to deliver meat and eggs to customers - but his heart was in his mouth as he closed in on a police barricade on a deserted New Delhi road.



5 years ago

Virus lockdown threatens $60 billion in UK dividends: report

UK-listed companies could cancel about $60 billion in dividend payments this year following Britain's lockdown and calls from regulators to preserve cash during the coronavirus crisis, according to a report by analytics company Link Group.



5 years ago

Mexico auto sector to resume operations once U.S. industry gears up

Mexican President Andres Manuel Lopez Obrador said on Wednesday the domestic auto sector can resume operations shortly after the U.S. industry gears up from a coronavirus-led halt, to avoid further disruption to closely interconnected supply chains.



5 years ago