The U.S. economy may have hit its low point in the coronavirus crash but the rebound so far remains tepid, according to both broad indexes of activity and higher frequency counts of cellphone data and employee time information.
A bet on tech companies has been a solid one in the aftermath of the coronavirus-induced market crash, but some investors are questioning whether those stocks can maintain their momentum if jobs do not recover soon.
EBay Inc raised current-quarter revenue and profit forecast on Thursday, as people stuck at home due to the COVID-19 pandemic ordered more from the e-commerce platform, sending its shares up 10per cent.
U.S. stocks opened lower on Thursday as a rally fueled by hopes of an economic rebound from a coronavirus-led downturn ran out of steam even with weekly jobless claims dipping below 2 million for the first time since mid-March.
Citigroup Inc said on Thursday it is forming a new strategic advisory group within its investment bank.
The number of Americans filing for unemployment benefits dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as companies adjust to an environment that has been significantly changed by COVID-19.
American Airlines Group Inc said Thursday it will boost its U.S. flight schedule next month over dramatic reductions since the coronavirus pandemic, planning to fly more than 55per cent of its July 2019 domestic capacity.
SINGAPORE: An existing government programme will be expanded to place 3,000 Singaporeans in technology-related jobs and train them over the next two to three years, said Minister for Communications and Information S Iswaran on Thursday (Jun 4). This is to allow Singapore to meet a demand for tech ......
DUBAI: Emirates and Etihad Airways will resume some transit flights after the United Arab Emirates (UAE) lifted a suspension on services where passengers stop off in the country to change planes, or for refuelling. Dubai's Emirates, one of the world's biggest long-haul airlines, said on Thursday ...
SINGAPORE: If Singapore did not have the support programmes introduced in the four Budgets this year, the country would be “drenched in soaring unemployment”, said Manpower Minister Josephine Teo in Parliament on Thursday (Jun 4).
The Jobs Support Scheme, for instance, has helped to cushion the ...
