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Xilinx forecasts current-quarter revenue below estimates

Xilinx Inc on Wednesday forecast first-quarter revenue below estimates and refrained from providing an annual outlook, citing the uncertainty caused by the coronavirus outbreak......»»

Category: topSource: reutersApr 22nd, 2020

Oil prices hit 1990s low as coronavirus outbreak sinks demand

Oil prices slumped again on Wednesday, with Brent falling to the lowest since 1999, as the market struggled with a massive crude glut amid a collapse in demand for everything from gasoline to jet fuel caused by the coronavirus outbreak......»»

Category: topSource: reutersApr 22nd, 2020

Oil prices tumble on demand collapse, Brent at 1999 lows

Oil prices slumped again on Wednesday, with Brent falling to the lowest since 1999, as the market struggled with a massive crude glut amid a collapse in demand for everything from gasoline to jet fuel caused by the coronavirus outbreak......»»

Category: topSource: reutersApr 22nd, 2020

China’s coal miners call for 10% production cut amid supply glut

A dozen Chinese anthracite coal miners have called on the industry to slash production by 10% from current levels amid weak demand caused by the coronavirus outbreak......»»

Category: topSource: moneycentralApr 19th, 2020

U.S. leading indicator points to deep economic slump

A gauge of future U.S. economic activity suffered a record decline in March, suggesting the economy could struggle to pull out of a deep slump caused by the novel coronavirus outbreak......»»

Category: topSource: reutersApr 17th, 2020

Alphabet"s CEO says the coronavirus has "absolutely" caused a mental-health crisis. Here are 5 calming podcasts you should follow if you"re feeling anxious over the pandemic.

Getty Images The global outbreak of the novel coronavirus, which causes a disease known as COVID-19, is causing pan.....»»

Category: topSource: businessinsiderApr 16th, 2020

U.S. weekly jobless claims top 5.2 million

A record 22 million Americans have sought unemployment benefits over the past month, with millions more filing claims last week, underscoring the deepening economic slump caused by the novel coronavirus outbreak. Yahaira Jacquez reports......»»

Category: videoSource: reutersApr 16th, 2020

U.S. weekly jobless claims highlight economic carnage from coronavirus

A record 22 million Americans have sought unemployment benefits over the past month, with millions more filing claims last week, underscoring the deepening economic slump caused by the novel coronavirus outbreak......»»

Category: topSource: reutersApr 16th, 2020

BlackRock"s assets under management shrink amid market turmoil

BlackRock Inc's assets under management dipped sharply in the first quarter amid turmoil in global markets caused by concerns about the economic fallout of the coronavirus outbreak......»»

Category: topSource: reutersApr 16th, 2020

VW ditches outlook after COVID-19 hammers first-quarter profit

Germany's Volkswagen Group withdrew its outlook for 2020 on Thursday due to uncertainty related to the new coronavirus outbreak which caused operating profit to drop 81% in the first quarter......»»

Category: topSource: reutersApr 16th, 2020

U.S. weekly jobless claims top 5.2 million, bringing virus-related total to 22 million

Another 5.2 million more Americans sought unemployment benefits last week, lifting total filings for claims over the past month above an astounding 20 million, which would underscore the deepening economic slump caused by the novel coronavirus outbreak......»»

Category: topSource: moneycentralApr 16th, 2020

U.S. weekly jobless claims top 5.2 million in latest week

Another 5.2 million more Americans sought unemployment benefits last week, lifting total filings for claims over the past month above an astounding 20 million, which would underscore the deepening economic slump caused by the novel coronavirus outbreak......»»

Category: topSource: reutersApr 16th, 2020

Volkswagen withdraws outlook after first-quarter operating profit drops 81%

Volkswagen Group on Thursday withdrew its outlook for 2020 amid uncertainty related to the coronavirus outbreak which caused operating profit to drop 81% in the first quarter......»»

Category: topSource: reutersApr 16th, 2020

Dollar extends gains as U.S. retail slump sparks flight to safety

A flight to safety bid pushed the dollar higher against its peers on Thursday after dire retail and factory data showed the severity of the collapse in U.S. economic activity caused by the novel coronavirus outbreak......»»

Category: topSource: reutersApr 16th, 2020

U.S. weekly jobless claims seen underscoring deepening economic slump

Millions more Americans likely sought unemployment benefits last week, lifting total filings for claims over the past month above an astounding 20 million, which would underscore the deepening economic slump caused by the novel coronavirus outbreak......»»

Category: topSource: reutersApr 16th, 2020

Smithfield Foods shuts U.S. bacon, ham plants as coronavirus hits meat sector

Smithfield Foods Inc, the world's largest pork processor, said on Wednesday it would shutter two U.S. plants that process bacon and ham, after closing a separate hog slaughterhouse because of an outbreak of the coronavirus among employees......»»

Category: topSource: reutersApr 15th, 2020

No, eyeglasses won’t protect you from coronavirus (and contacts won’t either)

As long as you aren’t sick, you can wear either glasses or contact lenses during the coronavirus outbreak — but don’t forget to clean both regularly......»»

Category: topSource: marketwatchApr 15th, 2020

News Corp sees hit to ad revenue from coronavirus pandemic

Rupert Murdoch's News Corp said on Monday its newspaper advertising revenue would take a hit from widespread business closures caused by the coronavirus outbreak, although paid digital subscriptions for the Wall Street Journal are rising......»»

Category: topSource: reutersApr 13th, 2020

Amazon stops accepting new online grocery customers amid surging demand

Amazon will begin to put new grocery delivery customers on a wait list and curtail shopping hours at some Whole Foods stores to prioritize orders from existing customers buying food online during the coronavirus outbreak, the company said on Sunday......»»

Category: topSource: reutersApr 13th, 2020

Trump"s tariffs on China could cost the US in its fight against the coronavirus

The Trump administration's tariffs on imported medical equipment, particularly from China, have added to the struggle in the U.S.'s fight against the coronavirus outbreak......»»

Category: topSource: moneycentralApr 13th, 2020