Market News

Magna profit halves on COVID-19 hit

Canadian auto parts maker Magna International Inc reported a 51% fall in quarterly adjusted profit on Thursday, hurt by a decline in global automobile production due to the coronavirus crisis.

MORNING BID-Turkey, trade tensions, terrible data

(A look at the day ahead from senior markets correspondent Tommy Wilkes. The views expressed are his own.) Stronger than-expected Chinese export numbers might boost speculation that the Asian giant's economy can recover quickly and come to the aid of global growth. But markets gave the figures only a cautious welcome, focusing perhaps on the double-digit fall in imports as a reflection of collapsing demand.

Money

Fund managers fish for dividend plays amid sharp cuts

Some dividend fund managers are wading back into the shares of battered railroad stocks, energy companies and other economically sensitive, cyclical names, even as a host of companies have slashed...

Your unemployment questions, answered

U.S. jobless claims have exceeded 30 million since the coronavirus outbreak hit the country, wiping out a decade of job gains and sending many Americans scrambling to find work and cash in on...

Your remote work questions, answered

(This Apr 9 story corrects spelling and title of Joyce Maroney, founder and executive director of the Workforce Institute at Kronos, in paragraphs 16 and 23.)

Investors fled bonds as well as stocks in March

Investors withdrew record amounts of money from bond and equity funds in March while money market funds showed record inflows, as the prospect of a massive economic downturn due to coronavirus...