Markets

JPMorgan Chase & Co emailed many small business customers on Thursday to tell them it is still awaiting federal guidance on the small business loans program Congress approved last week, and it may not be ready to accept applications when the program launches on Friday.

Even before COVID-19 and Russia’s fall out with OPEC, the oil market was already facing a hostile landscape, says Dave Sivaprasad of Boston Consulting Group.

SINGAPORE banks this week slashed several rates on their flagship deposit accounts, reflecting the weaker rate environment globally.

NEW YORK: Wall Street stocks posted mild gains on Thursday (Apr 2) despite data showing another 6.65 million workers filed for jobless benefit claims last week as the coronavirus pandemic forced businesses to shut nationwide. The benchmark Dow Jones Industrial Average gained 469.94 points (2.24 ...

Infectious disease researchers are using Facebook Inc mobile location data to provide daily updates to U.S. cities and states evaluating the effectiveness of social distancing orders aimed at slowing the novel coronavirus.

The Federal Communications Commission on Thursday proposed to fine TracFone Wireless US$6 million for allegedly violating its rules governing the subsidy program for telecommunications services for low income users.

The U.S. Securities and Exchange Commission said it needs more time to decide whether to allow a plan by the New York Stock Exchange to offer a new high-speed wireless connection to the exchange that some brokers have blasted as anti-competitive.

Tesla Inc on Thursday fell short of Wall Street estimates for first-quarter vehicle deliveries, due to the production disruptions and shutdowns caused worldwide by the coronavirus pandemic.

The U.S. unemployment rate will shoot past 10per cent in the second quarter and the growth rate of gross domestic product will decline by more than 7per cent as the coronavirus crisis grips the U.S. economy, according to projections released by the Congressional Budget Office (CBO) on Thursday.

The coronavirus pandemic may have erased around US$64 billion of value from Warren Buffett's equity portfolio at Berkshire Hathaway Inc , setting up the conglomerate for one of the largest quarterly losses ever by an American company.