U.S. shale producers are seeking sharp service costs cuts to deal with plummeting prices and shrinking demand, according to executives and a letter sent to top providers, driving home the oil industry's desperate efforts to cope with a market dive.
The U.S. Trade Representative's office said it granted on Thursday exclusions from import tariffs for some medical products imported from China, including face masks, stethoscope covers and blood pressure cuff sleeves.
(RTTNews) - The China stock market has moved lower in consecutive trading days, sliding more than 70 points or 2.3 percent along the way. The Shanghai Composite Index now rests just beneath the 2,925-point plateau and it's likely in store for continued selling pressure on Friday
The dollar stood tall on Friday as investors scrambled for the world's most liquid currency amid deepening panic about the coronavirus while the euro nursed losses after the European Central Bank disappointed investors by not cutting rates.
What happened
Many stocks in the tech sector crashed on Thursday as the COVID-19 panic reared its ugly head again. The hardware makers below all plunged at least 10% lower without sharing any bad news of their own:
True to form, U.S. President Donald Trump has warned coronavirus could spread from Mexico, touting his anti-migrant wall as a solution. Seen from south of the border though, the greater risk is infection from the much bigger outbreak in the United States.
An Australian industrial regulator on Friday said the country's biggest airline Qantas Airways Ltd had agreed to backpay its staff millions of dollars after self-reporting non-compliance with employment contracts.
Gabon and Ghana confirmed their first cases of coronavirus on Thursday, becoming the ninth and tenth countries in sub-Saharan Africa to register positive cases.
What happened
Shares of Peloton Interactive (NASDAQ: PTON) declined by 11.3% on Thursday, as coronavirus-related fears sparked a brutal sell-off in financial markets around the world.
One of the two founders of embattled e-cigarette maker Juul Labs is stepping down from his position. James Monsees has vacated his seat on the privately held company's board, Juul said late on Thursday.
Translate Bio, Inc. (TBIO) came out with a quarterly loss of $0.48 per share versus the Zacks Consensus Estimate of a loss of $0.36. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items.
Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google G Suite of productivity software is now used by more than 2 billion people around the globe. Google reached that milestone at the end of 2019.
Inovio Pharmaceuticals (NASDAQ: INO) has been one of the most volatile biotech stocks on the market as the company works on developing a potential COVID-19 coronavirus vaccine. After the markets closed on Thursday, Inovio released its fourth-quarter and 2019 full-year financial
Asia's stock markets were hammered on Friday as panic gripping world financial markets deepened and even safe-haven assets such as gold and bonds were ditched to cover losses in the wipeout.
Hideki Matsuyama heard plenty of cheers on the way to matching the course record at the TPC Sawgrass on Thursday, firing an opening round nine-under 63 to grab a two-shot lead at the Players Championship.
U.S. hospitals, bracing for a surge in demand as more Americans are infected with the novel coronavirus, plan to use tents, conference rooms and cafeterias to house overflow patients.
(RTTNews) - The Singapore stock market has finished lower in two straight sessions, dropping more than 200 points or 6.5 percent in that span. Now at a four-year low, the Straits Times Index now rests just beneath the 2,680-point plateau and it's expected to open lower again on
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