Month: April 2020

First-time filings for unemployment insurance hit 3.84 million last week as the wave of economic pain continues, though the worst appears to be in the past, according to Labor Department figures Thursday. Economists surveyed by Dow Jones had been looking for…

Gross domestic product fell 4.8% in the first quarter, according to government numbers released Wednesday that provide the first detailed glimpse into the deep damage the coronavirus wreaked on the U.S. economy. Economist surveyed by Dow Jones had expected t…

The world is learning to live with less oil. It may never look back. The coronavirus pandemic has destroyed demand for gasoline and jet fuel as billions of people stay home, and there’s no guarantee it will ever fully recover despite rock-bottom prices. The…

U.S. stock futures were higher on Tuesday as investors continued to be optimistic about the prospect of states re-opening the U.S. economy. Dow futures were up 323 points, or 1.4%, and implying a positive open of about 300 points. S&P 500 futures were up…

PepsiCo on Tuesday reported its first-quarter adjusted earnings rose 10%, but the company pulled its fiscal 2020 outlook. Shares of the company rose less than 1% in premarket trading. Here’s what the company reported: Earnings per share: $1.07, adj…

Shares of Diamond Offshore Drilling Inc. DO, +13.06% plummeted 61% toward a record low in premarket trading Monday, after the oil driller said it has filed for bankruptcy in the Southern District of Texas. The company said it plans to use the bankruptcy…

PARIS On a recent weekday, while France was still under one of Europes tightest lockdowns, mammoth six-foot tractor tires were rolling off the assembly line at a Michelin factory in northeast France. Farther south, other Michelin plants turned out tires for a…