Cash-strapped Virgin Australia Holdings Ltd entered a trading halt on Tuesday, citing ongoing discussions involving financial assistance and restructuring alternatives to help it weather the coronavirus crisis.
Some large U.S. passenger airlines are close to accepting the terms of a $25 billion offer for government coronavirus payroll aid, with announcements possible as early as Tuesday, people briefed on the matter said.
As lockdowns worldwide drive a surge in internet use, boosting online sales for businesses as varied as gaming and food delivery, the stocks of internet providers are an unlikely laggard on global markets.
Partly shedding the narrow focus on essential items it adopted in response to the coronavirus pandemic, Amazon.com (NASDAQ: AMZN) intends to start allowing deliveries of non-essential goods to its warehouses sometime later this week. To ensure essential products remain prioritiz
Israeli Prime Minister Benjamin Netanyahu and his main rival Benny Gantz were nearing a deal on Tuesday to form a national emergency government to battle the coronavirus crisis and end the country's unprecedented political deadlock.
New Zealand's unemployment rate could reach 26% if tough lockdown measures to fight the spread of the coronavirus are extended, treasury department forecasts released on Tuesday showed.
(RTTNews) - Nike Inc. (NKE), one of the largest retailer of sports apparel in the world, has witnessed nearly 17% drop in stock price since January, largely due to the ongoing coronavirus crisis.
Effective immediately, Wells Fargo's (NYSE: WFC) Intuitive Investor service is cheaper and more accessible. The bank announced on Monday that it's reducing its fees for the service, which is an automated investing platform augmented by access to human advisors.
NASCAR has suspended Kyle Larson indefinitely and ordered him to attend sensitivity training after he used a racial slur during a livestream broadcast of an iRacing esports event.
When stay-at-home orders were first enacted, people responded by stocking up on staples. They bought toilet paper, rice, other food items, and lots of practical things.
The National Hockey League will be prepared for a post-coronavirus relaunch whenever an opportunity presents itself, commissioner Gary Bettman said on Monday.
What happened
Retailers (and retailers of clothing and footwear in particular) took it on the chin in Monday trading that saw stocks initially fall, then gain back some losses, but ultimately end in the red, with the S&P 500 down almost precisely 1%.
Walt Disney (NYSE: DIS) has been hit on multiple fronts by the impact of the coronavirus pandemic. Its theme parks, hotels, and cruise ships are all closed for business, and ESPN has to continue to air with lower ad revenue and less to show since the sports world -- as least the
Walt Disney Co said on Monday it has entered an unsecured credit agreement for $5 billion, at a time when companies across industries are scrambling to bolster their liquidity to weather the fallout from the coronavirus crisis.
The Dow and S&P 500 fell on Monday as U.S. companies prepared to kick off a quarterly earnings season expected to be rough due to the coronavirus pandemic, while Amazon.com gains helped the Nasdaq end higher.
True Religion Apparel Inc on Monday filed for Chapter 11 bankruptcy protection for a second time in less than three years, becoming another corporate casualty of the coronavirus outbreak that has ravaged the retail sector.