Year: 2020

Shares in the online automobile seller soared in their first day of trading, adding Vroom’s name to a list of companies that had strong public showings in the past few weeks.

The global airline industry is forecast to lose a record $84 billion this year with a return to profitability coming in 2022 at the earliest.

From meat plants to post offices, many older workers have continued clocking in despite their heightened risk of serious complications if they get the novel coronavirus.

The economy of the country’s biggest city was on lockdown for more than two months as New York girded itself against the coronavirus pandemic. On Monday the Big Apple opened for business again.

3M filed a lawsuit against a merchant selling masks on Amazon.com for more than 18 times their list price, the manufacturer’s latest attempt to bring some order to the chaotic market for protective equipment.

The auto maker is reshuffling the management of its namesake VW brand, in a move that could weaken Volkswagen CEO Herbert Diess’s influence over ]day-to-day operations of the company’s largest single division.

BP is cutting thousands of jobs, accelerating existing plans to reshape the company after the coronavirus pandemic’s crushing impact on oil prices.

As the coronavirus pandemic stifles air travel, major airports around the world are rethinking plans to spend billions of dollars on new terminals, runways and hotels that could sit empty if demand doesn’t return.

The U.S. jobless rate fell to 13.3% and employers added 2.5 million jobs in May, early signs the labor market is mending as the economy started to reopen following lockdowns related to the coronavirus pandemic.

Federal Reserve officials are studying Australia’s program to buy government securities in unlimited quantities to peg some yields at low levels.