The Market

To the European Central Bank President Christine Lagarde’s relief actions did speak louder than words. The question for investors is whether more action is in store this week. ECB policy makers, who will hold a virtual policy meeting on Thursday, have taken a number of emergency measures since their last …

British Airways will cut up to 12,000 jobs as the airline’s owner warned the coronavirus recovery will take “several years.” BA parent International Consolidated Airlines Group IAG, -3.30% (IAG) said it had launched a restructuring and redundancy program due to the impact of the pandemic and the expectation that the …

The COVID-19 pandemic has created a litany of questions for companies around the world, but for chip maker Advanced Micro Devices Inc., there is only one uncertainty: Will people want to buy computers in the second half of the year? AMD AMD, -1.73% revealed strong first-quarter results Tuesday, and tweaked …

Europe is taking more cautious steps toward reopening their shuttered, and battered, economies as data show the growth in coronavirus cases has ebbed. So far the tentative steps taken haven’t led to a resurgence of the virus — one of the big fears. The latest data show new cases of …

U.S. oil prices remained under pressure on Tuesday, after the June contract saw its second-lowest settlement on record as concerns over a lack of storage for the commodity continued to dog the market. The front-month June WTI crude CLM20, -16.58% fell $ 1.63, or 12%, to $ 11.13 a barrel. …

New York City, unlike Georgia, Colorado or even other parts of New York state, will likely see stay-at-home orders continue as is through most if not all of May, lawmakers indicated on Monday.  “We’re clearly not going to be all recovered by June 1,” said Mayor Bill de Blasio at …

Scott Minerd, global chief investment officer at Guggenheim Partners isn’t optimistic about the economic recovery from the coronavirus pandemic, and he worries the tepid rebound could lead to a “populist revolt to address massive inequality of income and wealth.” Minerd wrote in a Sunday blog post that he predicts there …

Bill Gates says there’s one key to safely reopening the U.S. economy: Testing. The Microsoft Corp. MSFT, +1.82% co-founder, whose namesake foundation has long funded the global fight against infectious diseases, told CNN’s Fareed Zakaria on Sunday that the U.S. needs to be smart about reopening as the coronavirus pandemic …

An unseen Pied Piper worked his way across Spain on Sunday, bringing children out of apartments and houses of all sizes with their bikes, scooters, skates and balls, and most important, their parents. A literal baby step down from one of the strictest coronavirus lockdowns in the world arrived as …