Business & Finance News
U.S. Treasury Secretary Steven Mnuchin said on Monday that Republican and Democratic senators and Trump administration negotiators were nearing a deal on a coronavirus stimulus bill.
Mondelez International Inc on Monday said it would increase hourly wage by $2 and pay a $125 weekly bonus for its sales representatives as it rushes to meet a surge in demand for its packaged food due to the coronavirus outbreak.
Bombardier will suspend Canadian production of its corporate jets to comply with restrictions imposed by provincial governments aimed at curbing the spread of the coronavirus, a source familiar with the matter said on Monday.
U.S. crude oil futures climbed more than $1 on Tuesday as the dollar index weakened and hopes grew of a detente in the price war between producers Saudi Arabia and Russia.
Twitter Inc pulled its first-quarter revenue outlook and forecast an operating loss on Monday as the coronavirus outbreak crimped ad sales, but said the pandemic boosted the number of active users on the microblogging platform.
U.S. President Donald Trump said on Monday he will not allow the coronavirus to do long-lasting damage to the U.S. economy and that he would consider how to move forward after a 15-day shutdown ends next week.
As restaurants and bars across the United States shut their doors and lay off their staff in the wake of the coronavirus outbreak, America’s famed service culture is moving online – with regulars paying their out-of-work waiters, favorite bar staff, and even total strangers via virtual tip jars.
Twitter Inc said on Monday it is withdrawing revenue and operating income forecast for the first quarter of 2020, citing the growing impact of the coronavirus outbreak.
U.S. prosecutors have charged a Venezuelan oilfield contractor with money laundering for bribing officials at state oil company Petroleos de Venezuela to win overpriced contracts, and then seeking to hide the proceeds in the United States.
Oil prices inched higher on Monday, while U.S. gasoline prices plunged more than 30% to a record low as global restrictions on travel to slow the spread of coronavirus destroyed demand for fuel.
Boeing Co said on Monday it would halt production at its Washington state twin-aisle jetliner factory as a temporary measure to help fight the coronavirus outbreak.
General Motors Co and medical equipment maker Ventec are speeding up efforts under a partnership code-named “Project V” to build ventilators at a GM plant in Kokomo, Indiana, to help combat the coronavirus outbreak.
U.S. Securities and Exchange Commission officials on Monday warned corporate insiders against insider trading during the disruptions caused by the coronavirus.
The U.S. Federal Reserve on Monday rolled out an extraordinary array of programs to backstop an economy reeling from sweeping restrictions on commerce that scientists say are needed to slow the coronavirus pandemic and ultimately keep more people safe.
The Federal Reserve’s unprecedented stimulus measures did little to brighten Wall Street’s immediate outlook on coronavirus-ravaged stocks, as concerns remained about the lack of a government stimulus package and the ability to contain the pandemic.
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