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Visa Inc on Thursday decided to pull its full-year outlook on rising unemployment numbers and more people conserving cash during the COVID-19 pandemic even while posting a second-quarter profit that rose 4%.

Australian shares were set to tumble on Friday, tracking a broad sell-off on Wall Street overnight amid profit-taking and as dismal U.S. unemployment data again highlighted the economic pain from the coronavirus pandemic. The local share price index futures ...

The Federal Reserve's balance sheet increased to a record $6.70 trillion this week, but the pace of expansion slowed dramatically as key credit markets have calmed since a firestorm of volatility sparked by the coronavirus pandemic drove the central bank to take emergency measures last month.

Exxon Mobil Corp is using the coronavirus to increase its leverage in labor and real estate negotiations by alternately doomsaying and dismissing the pandemic's consequences, labor sources and lawyers dealing with the company said.

The Bank of Canada has not forgotten about financial vulnerabilities as it responds to the coronavirus pandemic and low oil prices, Governor Stephen Poloz said on Thursday, noting the central bank's balance sheet had tripled.

The Federal Reserve expanded access to a small business lending program beyond banks on Thursday, allowing a broader set of institutions to participate.

The Federal Reserve expanded access to a small business lending program beyond banks on Thursday, allowing a broader set of institutions to participate.

Bonds of hard-hit oil and gas companies such as Occidental Petroleum, Antero Resources , WPX Energy, HighPoint Resources and Western Midstream Partners rose in price on Thursday after the Federal Reserve announced it would expand its Main Street Lending Facility to larger and riskier companies affected by the coronavirus pandemic.

The two largest U.S. banks, JPMorgan Chase & Co and Bank of America , said on Thursday that they submitted almost half a million applications worth nearly $46 billion to the Small Business Administration's Paycheck Protection Program for small businesses hurt by the coronavirus shutdown.

The Federal Reserve's balance sheet increased to a record $6.70 trillion this week, but the pace of expansion slowed dramatically as key credit markets have calmed since a firestorm of volatility sparked by the coronavirus pandemic drove the central bank to take emergency measures last month.