Category: Business

Asia shares turn cautious before earnings, U.S. crude crushed

Asia shares turn cautious before earnings, U.S. crude crushed

Plunging U.S. crude oil prices pulled global equity markets lower on Monday, kicking off a busy week of data and earnings that will further reveal the ...
U.S. oil off lows after falling over 20% to levels unseen since 1999

U.S. oil off lows after falling over 20% to levels unseen since 1999

Oil prices tumbled on Monday, with the U.S. crude futures contract plunging more than 50% to the lowest price on record, as investors worried about la ...
Exclusive: Neiman Marcus to file for bankruptcy as soon as this week

Exclusive: Neiman Marcus to file for bankruptcy as soon as this week

Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succum ...
Burger chain Shake Shack to return $10 million government loan

Burger chain Shake Shack to return $10 million government loan

Shake Shack Inc said it will return the small business loan it received from the U.S. government, making it the first major firm to hand back money pr ...
With economy in crisis, U.S. lets importers delay some tariff payments

With economy in crisis, U.S. lets importers delay some tariff payments

The Trump administration on Sunday said it would allow importers hit by the national health crisis to defer for three months any tariff payments they ...
China’s CDB Financial scraps purchase of 29 Boeing 737 MAX jets

China’s CDB Financial scraps purchase of 29 Boeing 737 MAX jets

China Development Bank (CDB) Financial Leasing Co (1606.HK) said on Monday it had agreed with Boeing Co (BA.N) to cancel the purchase of 29 undelivere ...
Wynn Resorts CEO calls for Las Vegas Strip to conditionally reopen in mid- to late May

Wynn Resorts CEO calls for Las Vegas Strip to conditionally reopen in mid- to late May

Wynn Resorts Chief Executive Officer Matt Maddox on Sunday called on the Nevada governor to begin to reopen the Las Vegas Strip in mid- to late May wi ...