Markets

REUTERS: EBay Inc forecast current-quarter revenue above Wall Street estimates on Wednesday (Apr 29), as the e-commerce company benefited from a surge in online orders with people staying indoors because of the COVID-19 pandemic. The rapid spread of the coronavirus forced millions of Americans to ...

EBay Inc forecast current-quarter revenue above Wall Street estimates on Wednesday, as the e-commerce company benefited from a surge in online orders with people staying indoors because of the COVID-19 pandemic.

Qualcomm Inc on Wednesday beat Wall Street estimates for quarterly revenue and forecast current-quarter sales largely in line with expectations even though several other chipmakers had flagged concerns of a significant hit from the coronavirus outbreak.

Tesla Inc on Wednesday beat analysts' estimates for first-quarter revenue, as the electric carmaker reported a solid number of deliveries during the period despite disruptions due to the coronavirus outbreak.

Canadian pot producer Canopy Growth Corp said on Wednesday it would lay off 200 employees in North America and the UK, according to an internal announcement seen by Reuters.

Chesapeake Energy Corp , the oil and gas exploration and production company that was at the forefront of the past decade's U.S. shale boom, is preparing a potential bankruptcy filing as it grapples with an unprecedented rout in energy prices, people familiar with the matter said on Wednesday.

Hertz Global Holdings Inc said on Wednesday it was in talks with its lenders to avoid defaulting on debt related to its rental vehicle fleet, after skipping a payment that was due April 27.

Volkswagen AG said Wednesday it is indefinitely delaying the resumption of production at its Tennessee assembly plant that had been set to restart on May 3.

Apple Inc and Alphabet Inc's Google would release two early versions this week of their proposed technology to slow coronavirus spread to select developers for testing purposes, the companies said on Wednesday.

Face masks, temperature checks and packaged sandwiches could all become part of the daily routine for bankers as their employers work out how to get them safely back into the office.