Coronavirus effect could be "far deeper than the subprime crisis," says mortgage company CEO

European planemaker Airbus issued a bleak assessment of the impact of the coronavirus crisis, telling the company's 135,000 employees to brace for potentially deeper job cuts and warning its survival is at stake without immediate action......»»

Federal Housing Finance Agency Director Mark Calabria told CNBC that ‘it is certainly possible’ the number of delinquencies caused by the coronavirus outbreak could exceed the subprime mortgage crisis in some segments of the market......»»

The board of French carmaker Renault will meet on Friday to discuss the coronavirus outbreak and its effect on operations, three sources close to the company said......»»

Business leaders can survive the next recession by assessing their company’s position, planning for bumps, and looking out for opportunities. The novel coronavirus pandemic spurred a profound humanitarian, public health, and economic crisis......»»

Business leaders can survive the next recession by assessing their company’s position, planning for bumps, and looking out for opportunities. The novel coronavirus pandemic spurred a profound humanitarian, public health, and economic crisis......»»

The economic hit from the coronavirus pandemic is showing up in mortgage delinquencies and that’s bad for Fannie Mae......»»

Planemaker Airbus has told senior staff the company must be "resized" in plans to be set out around end-June and is ready to cut jet production again to tackle any second wave of the coronavirus crisis, people briefed on the matter said......»»

AP Photo/Wong Maye-E McDonald's is giving franchisees an estimated $210 million in financial support, covering the equivalent of a month of marketing contributions. McDonald's.....»»

3 ways for mortgage lenders and home buyers to strengthen the U.S. recovery from the coronavirus crisis......»»

A Greensboro-based haircare products company walloped by the Covid-19 crisis finds cause to celebrate, but it's not what you think......»»

Airbus deliveries tumbled 80% to just 14 aircraft in April, compared with a year earlier, as operations were hit by the coronavirus crisis, company data showed on Thursday......»»

Peloton Interactive Inc. is having trouble keeping up with the rush of demand for its exercise bikes amid COVID-19, and analysts seem optimistic that the company could keep seeing big benefits even after the worst of the crisis is over......»»

Mike Segar/Reuters Airbnb announced Tuesday it's cutting 25% of its staff, or about 1,900 jobs. The cuts are meant to refocus the company on its core business of home sharing; the company plans to pause or cut back other e.....»»

Lufthansa is not planning to buy rivals weakened by the coronavirus crisis, Chief Executive Carsten Spohr told shareholders at the company's virtual annual general meeting on Tuesday......»»

Lufthansa is not planning to buy rivals weakened by the coronavirus crisis, Chief Executive Carsten Spohr told shareholders at the company's virtual annual general meeting on Tuesday......»»

Home prices have fallen nationally only once since the Great Depression, and that was after the subprime mortgage crisis and the Great Recession......»»

Home prices have fallen nationally only once since the Great Depression, and that was after the subprime mortgage crisis and the Great Recession......»»

Mortgage and rent payments for the month of May are now due. CNBC's Diana Olick reports on how many Americans are unable to pay as the coronavirus crisis continues......»»

World stocks pulled back further on Friday on grim U.S. economic data, mixed company results and President Donald Trump's threat to impose new tariffs on China over the coronavirus crisis......»»

The recent pressure on Southwest Airlines Co’s (NYSE: LUV) stock has created an attractive entry point into a company that will “undoubtedly” exit the current crisis in a stronger position than it had entered, .....»»