Wednesday, 8 May 2024

Business

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Bond yields slide to record lows, stocks succumb to virus fears

NEW YORK (Reuters) – Yields on U.S. Treasuries plunged to historic lows on Friday as fear the coronavirus outbreak will slam the global economy drove investors to snap up risk-adverse assets and dump equities, overshadowing data highlighting a strong U.S. labor market. The 10-year Treasury US10YT=RR yield fell to a record low of 0.69% as […]

Bond yields slide to record lows, stocks succumb to virus fears

NEW YORK (Reuters) – Yields on U.S. Treasuries plunged to historic lows on Friday as fear the coronavirus outbreak will slam the global economy drove investors to snap up risk-adverse assets and dump equities, overshadowing data highlighting a strong U.S. labor market. The 10-year Treasury US10YT=RR yield fell to a record low of 0.69% as […]

Parents explain exactly what having kids cost them and how they got through it

Two parents have laid bare the impact having children had on their finances. But Ros and Dale Tucker, from West Yorkshire, came through it together – and ended up stronger as a result. It's no secret that having children is expensive, with LV working out it now costs £75,436 to raise someone from birth to […]

On the brink: China's bakers, bars and beauty spas struggle to survive coronavirus

BEIJING/SHANGHAI (Reuters) – The coronavirus outbreak in China is pushing many small businesses to the brink, as efforts to stem its spread left usually bustling streets deserted and malls shut or empty. Just 34% of nearly 1,000 small and medium-sized firms said they could survive for a month on current cashflow, a survey last month […]

Boeing 737 MAX certification flight could come within 'a few weeks': FAA administrator

WASHINGTON (Reuters) – U.S. Federal Aviation Administration chief Stephen Dickson said on Thursday he thinks a certification test flight for the Boeing 737 MAX – a key milestone for the return of the grounded plane – could come soon. “We’re working though the last few software review and documentation issues and then I think within […]

U.S. weekly jobless claims fall; labor market weathering coronavirus for now

WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell last week, suggesting the labor market was on solid footing despite the coronavirus outbreak, which has stoked financial market fears of a recession and prompted an emergency interest rate cut from the Federal Reserve. Labor market strength was underscored by other data on […]

Kroger's quarterly profit, sales top estimates on private-label strength

(Reuters) – U.S. supermarket chain Kroger Co (KR.N) topped fourth-quarter profit and sales estimates on Thursday, boosted by strong demand for its high-margin private-label brands, sending its shares up as much as 7.2%. The company’s shares touched a three-year high of $33.18, even as broader markets dipped as coronavirus fears hit California. The company maintained […]

Southwest Airlines sees first-quarter revenue hit from coronavirus outbreak

(Reuters) – Southwest Airlines Co (LUV.N) said on Thursday it expected a hit of up to $300 million to its first-quarter operating revenue from the coronavirus outbreak, prompting it to cut its quarterly revenue outlook. Shares of the company fell about 3% premarket, with those of bigger rivals United Airlines Holdings Inc (UAL.O), American Airlines […]