Author: Reuters

Oil futures strengthened late in the session on Wednesday, buoyed by hopes that OPEC and its allies will strike a production cut agreement on...

McDonald’s Corp global comparable sales tumbled 22.2% in March and the burger chain pulled its full-year forecast as coronavirus-related lockdowns forced it to shutter stores and stick to delivery or...

Home rental company Airbnb has projected its revenue can fall about 54% to some $2.2 billion this year due to the COVID-19 pandemic, The Information reported on Wednesday, citing people familiar with the...

Airbus announced plans on Wednesday to cut jetliner production across the board after the coronavirus epidemic triggered aviation’s worst industrial crisis and drastically reduced deliveries to cash-starved...

The government’s $350 billion program to help ailing businesses took an important step forward on Wednesday, with the launch of a new system that will allow hundreds of new lenders to participate in the unprecedented...