Crude prices soared Thursday after President Trump said he expected Saudi Arabia and Russia would agree to new oil-production cuts. Brent crude oil, the global benchmark, rose 35% to $33.10 a barrel in one of its sharpest ever rallies. West Texas Intermediate futures, the bellwether of U.S....

U.S. manufacturing activity in March fell at its fastest pace since August 2009 as the coronavirus outbreak in the U.S. has battered businesses. The reading for the index was 48.5, a drop from 50.7 in February, IHS Markit said. Domestic and foreign demand have fallen as companies shuttered...

The Federal Reserve said Tuesday it would launch a temporary lending facility that will allow foreign central banks with accounts at the Fed to convert their holdings of Treasuries into dollars, its latest bid to alleviate strains in global markets. The program will allow foreign central banks...

EasyJet PLC's founder Stelios Haji-Ioannou said in a letter addressed to the company's board Sunday that he would seek to remove most of its members unless the airline cancelled a 4.5 billion pounds ($5.6 billion) aircraft order from Airbus SE. Mr. Haji-Ioannou - the company's largest...

Kentucky Republican congressman unable to block House from holding its relatively quick voice vote on the massive bill. President Donald Trump on Friday afternoon signed a $2 trillion coronavirus stimulus package into law to help the U.S. economy cope with the pandemic, following the House's...

Caterpillar Inc. on Thursday said it is temporarily suspending operations at some facilities and pulling its financial guidance as the coronavirus pandemic begins to affect its supply chain. The Deerfield, Ill., maker of bulldozers and excavators said its supply-chain teams have been executing...

The Senate approved the largest economic stimulus package in recent memory, moving the estimated $2 trillion bill to the House as Congress seeks to give American families and businesses a financial shield against the ravages of the new coronavirus pandemic.

Lawmakers and the Trump administration reached an agreement on an estimated $2 trillion stimulus package aimed at shielding the U.S. economy from the worst consequences of the coronavirus pandemic. The legislation, which congressional officials will continue to write throughout the night, will...

Anheuser-Busch InBev SA is withdrawing its guidance for 2020, joining the list of many global companies that have done the same, as the extent of the impact caused by the Covid-19 pandemic on businesses and economies remain uncertain. The pandemic represents unprecedented challenges for...

Airbus SE withdrew its 2020 guidance and scrapped its dividend proposal for 2019 as it moved to secure additional financing to help it face the situation created by the coronavirus pandemic. Airbus' board of directors has approved the securement of a new credit facility amounting to 15 billion...