Asian stocks eked out gains on Thursday, but the week's rally lost steam as investors seemed torn between relief at the agreement of a huge U.S. stimulus package and dread over a likely spike in jobless claims and coronavirus cases.
Optician Ali Nelson sent the final few orders of eyeglasses to clients last week before her Washington D.C.-based store closed to help prevent the spread of the coronavirus.
Airbus SE is reducing the production of aircraft wings for three weeks as it slows operations to put in place extra health and safety measures due to the coronavirus pandemic, the planemaker said on Thursday.
The U.S. Senate on Wednesday unanimously backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus epidemic, as well as providing billions of dollars to buy urgently needed medical equipment.
The number of Americans filing claims for unemployment benefits likely raced to as high as a record 4 million last week as strict measures to contain the coronavirus pandemic ground the country to a sudden halt, unleashing a wave of layoffs.
Oil prices slipped on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.
The publishers of Britain's Daily Mail and Daily Mirror newspapers both flagged expected financial hits from the coronavirus crisis on Thursday, saying advertising and other revenue would be weakened.
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Oil prices fell on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.
A representative body for airlines based in Britain has written to its transport minister seeking industry-specific tax and air traffic fee holidays to help survive a coronavirus pandemic that has brought air travel to a standstill.
Bridgewater Associates founder Ray Dalio and activist investor Nelson Peltz also made the Top 10 on Institutional Investor's annual list.
Trading firms had two main concerns about traders working from home: Would the technology work and would traders be able to effectively interact with each other and their clients. So far, traders are adapting.
The London Stock Exchange said on Thursday it was waiving registration fees for market makers to attract more liquidity in trading that has become volatile due to economic fallout from the coronavirus.
The European Central Bank has no plans to deploy its OMT emergency bond purchase scheme and sees it as an inappropriate tool to fight the coronavirus crisis, two sources familiar with the bank's thinking said on Thursday.
Czech breweries -- including Pilsner Urquell and Budejovicky Budvar -- have stopped refilling kegs and started storing their beer in cooled cellars as they seek to limit damage from pub closures caused by the coronavirus outbreak.