Markets
OPEC+ emergency meeting likely to be postponed to April 8 or 9: OPEC sources
OPEC and its allies will not hold their emergency virtual meeting on Monday.
Coronavirus catapulting US into deepest recession since WW2
The full extent of the economic damage caused by the pandemic remains unknown, but Wall Street expects the fallout to be severe as a dismal jobs report did not include the roughly 10 million Americans who filed for first-time unemployment benefits over the past two weeks.
Trump, Fed's Powell conferred as coronavirus slammed US markets
Jerome Powell's coronavirus response has made Trump a fan of the Fed.
Saudi Arabia sharply rebukes Russia over oil price collapse
Rancor between Saudi Arabia and Russia could imperil a deal emerging from a planned teleconference.
Market will be driven by coronavirus progression
Barron's roundtable is joined by the head of U.S. equity and quantitative strategy at Bank of America Merrill Lynch Savita Subramanian to talk about how to navigate the markets in the coming weeks.
Can investors remain optimistic about the stock market?
Morgan Stanley emerging markets head Ruchir Sharma discusses if people can be optimistic about the market and says purchasing corporate bonds helps in the short-term, but consumers and big banks will be reluctant to do so in the future.
Coronavirus causing global economy to experience historic drops
Morgan Stanley emerging markets head Ruchir Sharma says the economic decline the world is feeling from coronavirus could be at its worst since the 1940s due to how quickly it’s changed in such a short period of time.
In coronavirus pandemic, Warren Buffett sells some Delta, Southwest airlines stock
Shares of both airlines plunged in after-hours trading Friday.
Coronavirus drives Under Armour to furlough 6,600 US workers
The temporary layoffs will impact about 6,000 employees at Under Armour’s full-price and discount outlet stores, and about 600 workers at its U.S. distribution centers. The changes take effect on April 12.
Coronavirus oil plunge leads Trump to offer storage until prices recover
Oil prices have sunk as the pandemic plunged demand and a price war exasperated the situation.
Coronavirus forces Delta Air Lines to burn $60M per day as flights are grounded
Delta expects second-quarter revenue to be down 90 percent.
In coronavirus pandemic, Lockheed Martin hires nearly 1,000 workers
Additionally, Lockheed Martin is looking to fill another 5,000 open positions.