Some of Thursday’s top business news stories:
Associated Press
Fed signals it will likely hold rates near zero for months, by Christopher Rugaber
Pandemic brings fortunes to Amazon – and headaches too, by Anne D’Innocenzio, Alexandra Olson
CNN
Tesla posts profit despite hit from coronavirus, by Chris Isidore
Boeing will cut 16,000 jobs after posting a massive loss, by Chris Isidore
The Wall Street Journal
Microsoft Earnings Jump, Aided by Cloud-Computing Demand During Pandemic, by Aaron Tilley
Facebook Shares Soar as Ad Sales Stabilize, by Jeff Horwitz
CNBC
Oil major Shell slashes dividend for the first time since World War II, by Sam Meredith
The world’s wealthiest are sticking with stocks despite the coronavirus crisis, UBS finds, by Elliot Smith
Reuters
Millions of Americans likely applied for jobless benefits last week though wave is stabilizing, by Lucia Mutikani
Reckitt Benckiser posts record sales on disinfectant boom, by Siddharth Cavale
News about business journalism
Fast Company has undergone a redesign
California biz magazine accuses ex-employer of deleting its YouTube account
Vice TV to launch weekly biz show hosted by NYU’s Galloway
Former Debtwire editor in chief starts news service on renewable energy
Real estate news site Curbed folding into New York magazine
Tampa Bay Times biz columnist to become editorials editor
Reuters reporter Kalin joins WSJ as Middle East correspondent
Fox Business sees 80 percent increase in total viewers in April
