Barrick Gold sees profit jump 45%, but cuts production target over mining dispute

Barrick Gold (GOLD.N) posted a near 45% rise in profit on Wednesday, with the miner benefitting from a surge in gold prices since the coronavirus pandemic has pushed investors towards safe havens in times of crisis. Meanwhile, the Ontario-based firm was forced to cut its production outlook for the precious metal due to a dispute…

Uber and Lyft earnings previews: Rough road ahead

Ride-sharing companies Uber Technologies, Inc. (UBER) and Lyft, Inc. (LYFT) are scheduled to report earnings this week, following what has been a dismal first quarter due to the coronavirus pandemic. Both are burning through cash at a rapid pace, with neither posting a profit since becoming public companies. Uber is scheduled to report on Wednesday,…

Lufthansa and Air France follow US rivals into bailout talks

European biggest airlines Deutsche Lufthansa and Air France agreed to get government support to survive in a challenging environment that has forced them to ground the majority of aircraft, leaving them to burn millions of euros in staff and maintenance costs. Air France agreed to a €7bn bailout from the French government. The bailout package,…