After passing $3 trillion of coronavirus relief in a rare run of bipartisanship, Republicans and Democrats in the U.S. Congress girded for a new battle over federal assistance to states and local governments grappling with the deadly outbreak.
(RTTNews) - The Switzerland stock market emerged into positive territory after a weak start Friday morning, but after staying firm for over three overs, faltered in late afternoon trades and eventually ended flat.
Asset management firm Invesco (NYSE: IVZ) reported a drop in earnings and a net outflow in the first quarter. The Atlanta-based firm also slashed its quarterly dividend in half.
Canada's Inter Pipeline Ltd said on Friday it entered into a C$1 billion ($708.77 million) unsecured revolving credit facility as global crude prices plunged because of excess supplies and demand tumbled due to the coronavirus crisis.
Consumer stocks were maintaining moderate gains during Friday trade, with the SPDR Consumer Staples Select Sector ETF climbing 0.5% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was rising 0.8%.
Lebanese Prime Minister Hassan Diab delivered an unusually strong rebuke to central bank governor Riad Salameh on Friday, questioning his performance amid a rapid fall in the Lebanese pound and mounting losses in the banking system.
Technology stocks were climbing this afternoon, with the SPDR Technology Select Sector ETF advancing 1% while the Philadelphia Semiconductor Index also was rising 1%.
Global wealth manager and investment bank Credit Suisse (NYSE: CS) delivered an impressive 75% increase in profits in the first quarter of the year. However, those profits were masked by some one-time tax benefits that made earnings look better than they actually were.
What happened
Shares of Limelight Networks (NASDAQ: LLNW) have plunged today, down by 13% as of noon EDT, after the content delivery network (CDN) specialist reported first-quarter earnings. The results beat expectations and Limelight modestly boosted its guidance. It also anno
Diamond Eagle Acquisition, the fifth blank check company formed by entertainment veteran Jeff Sagansky, completed its previously-announced acquisition of DraftKings. The newly combined company began trading on the Nasdaq on Friday under the symbol DKNG, with an expected market ca
In this episode of Motley Fool Answers, Alison Southwick and The Motley Fool's personal finance expert, Robert Brokamp, bring you the latest updates from the markets. Later, they are joined by The Ascent's Dann Albright to discuss the CARES Act and financial assistance for indiv
The Federal Communications Commission (FCC) on Friday said it may shut down the U.S. operations of three state-controlled Chinese telecommunications companies, citing national security risks.
Vacuum cleaner company Dyson said the British government no longer needed the ventilator it had developed from scratch to help plug a shortfall of the devices needed to treat patients with severe COVID-19 symptoms.
Twitter Inc said on Friday that video clips of U.S. President Donald Trump suggesting scientists investigate inserting light or disinfectant into coronavirus patients did not violate its COVID-19 misinformation policy.