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Ferrari performs quick u-turn over F1 budget cap

Ferrari back-tracked on Thursday after team principal Mattia Binotto seemed to warn the team might quit Formula One if a planned spending cap was lowered further because of the coronavirus crisis. Binotto told a British newspaper that if next year's cap was lowered the team would "look at...

26 million have sought US jobless aid since virus hit

More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday. Roughly 26 million people have now filed for jobless aid in the five weeks since the coronavirus...