Fashion firm J Crew has filed for bankruptcy protection, making it the first big US retailer…
Author: Robert Thomson
GE to cut up to quarter of its aviation staff
General Electric will cut up to a quarter of its aviation business staff as demand for…
Warren Buffett’s company Berkshire Hathaway sells US airline shares
Billionaire investor Warren Buffett says his company Berkshire Hathaway has sold all of its shares in…
Treasury rolls out small business ‘bounce back’ loans
Businesses will be able to apply for loans of up to £50,000 from Monday in a…
Shell cuts dividend for first time since WW2
Royal Dutch Shell has cut its dividend for the first time since World War Two following…
Amazon investors told to ‘take a seat’ as demand jumps
Amazon sales surged in the first three months of the year, as the coronavirus lockdown boosted…
US stock futures little changed after solid tech earnings, Facebook up more than 10%
Futures contracts tied to the major U.S. stock indexes were little changed in the overnight session Wednesday…
Oil producers scramble to find ‘creative’ storage options after historic price crash
An unprecedented collapse in oil demand has forced some producers to come up with “creative” measures…
British Airways to cut up to 12,000 jobs as air travel collapses
British Airways is set to cut up to 12,000 jobs from its 42,000-strong workforce due to…
The Fed’s four radical moves to save the economy
As policymakers from America’s central bank prepare to meet – virtually – this week, they will…
Asia stocks little changed as oil prices continue to fall; HSBC earnings widely miss expectations
Stocks in Asia were little changed in Tuesday afternoon trade as oil prices continued to slip…
Oil drops 11%, extending Monday’s 25% decline
Oil prices slid 11% during overnight trading, extending Monday’s nearly 25% decline on ongoing fears that…