After rolling out trillions of dollars in support for the U.S. economy during the coronavirus pandemic, Federal Reserve officials have begun warning of potentially lasting scars to the workforce and productivity if the recovery is not handled well.
Spain's Telefonica SA is in talks with billionaire John Malone's Liberty Global Plc to explore a merger of its British mobile operator O2 with Liberty's Virgin Media cable network company, two sources familiar with the matter said.
Exxon Mobil Corp and Chevron Corp are slamming the brakes on oil output, as the top two U.S. producers plan for combined global shut-ins of 800,000 barrels per day in response to plunging crude prices and fuel demand.
With the largest U.S. airlines now set to mandate - and provide - facial coverings for all passengers over the next two weeks, many are turning their focus to other measures to prevent the spread of the new coronavirus during air travel.
A sharp fall on Wall Street dragged a global stocks index down on Friday on concerns that the world's two largest economies could resume a trade war, with many financial markets closed for a holiday.
Wall Street stocks dropped sharply on Friday as investor risk appetite was soured by the revived specter of tariffs against China, threatened anew by U.S. President Donald Trump in retaliation for the COVID-19 pandemic which has brought global economies to a grinding halt.
Shares of Tesla Inc tumbled 9% on Friday after Chief Executive Officer Elon Musk tweeted that the electric carmaker's high-flying stock was overly expensive.
The U.S. House of Representatives Judiciary Committee on Friday called on Amazon.com < AMZN.O> founder Jeff Bezos to testify to the panel about allegations that the online retailer uses data from its own third-party sellers to create competing products.
The top Republicans in the U.S. Congress displayed a united front on Friday in their drive to include coronavirus-related liability protections for businesses, saying such measures will be crucial to talks about future relief legislation.
