 | | | | The Empire State Building has been a symbol of America's economic might for almost 90 years. Of late, it's also become a symbol of its struggle with the coronavirus. | | | | | | In the midst of a raging pandemic, Belal Bilto, 26, a sales executive and a Manhattan resident bought a midsize pickup Jeep Gladiator this month for just over $48,000, lured by a discount of about $5,000 on the list price and a seven-year, no-interest loan. | | | | | | Credit Suisse Group AG has named Rob Santangelo as a global co-head of its healthcare investment banking group, according to a memo seen by Reuters on Monday. | | | | | | Tesla Inc chief Elon Musk in an internal email called on employees to work hard to allow the electric car maker to break even in the second quarter despite the coronavirus pandemic. | | | | | | The U.S. economy still appears headed for a "V-shaped recovery" despite some setbacks in efforts to reopen state economies that had been shuttered for the coronavirus, a top White House adviser said on Monday. | | | | | | A gauge of stocks across the world rose on Monday, led by a rebound on Wall Street, even as rising COVID-19 cases threaten to stall the recovery of the world's largest economy. | | | | | | U.S. Federal Reserve Chair Jerome Powell on Monday said the outlook for the world's biggest economy is "extraordinarily uncertain" and will depend both on containing the coronavirus and on government efforts to support the recovery. | | | | | | Social media site Reddit said on Monday it shut down r/The_Donald, a forum used by supporters of U.S. President Donald Trump, as it announced changes to its content policies. | | | | | | Canada's Cirque du Soleil Entertainment Group filed for bankruptcy protection on Monday as the COVID-19 pandemic forced the famed circus operator to cancel shows and lay off its artistes. | | | | | | Wall Street stocks closed higher on Monday and the S&P 500 was poised to clinch its biggest quarterly percentage gain since 1998 as investors hoped for a stimulus-backed economic rebound, while a surge in Boeing shares helped boost the blue-chip Dow. | | | | | | Chesapeake Energy Corp on Monday sought bankruptcy court approval to cancel $311 million in pipeline contracts, setting up a battle with U.S. regulators and operators including Energy Transfer LP, according to court filings. | | | | | |
