KKR sets up $50 million international coronavirus relief fund
KKR & Co Inc has established a $50 million global relief fund to help people affected by the new coronavirus, according to a letter the U.S. private equity firm sent to its investors on Tuesday.
Trump says $70 billion in coronavirus rescue loans authorized. But where’s the cash?
Roughly $70 billion of a $350 billion pot of loans to cover the payrolls of ailing small businesses have been originated by U.S. lenders in recent days, President Donald Trump said on Tuesday, adding that that money was “essentially loaned.”
Amazon testing disinfectant fog at New York warehouse after coronavirus protests
Amazon.com Inc is testing the use of disinfectant fog at a warehouse in Staten Island, New York starting on Tuesday, the company told Reuters, following worker protests over the risk of coronavirus infection at the site.
Amazon to suspend delivery service competing with UPS, FedEx: WSJ
Amazon.com Inc has put on hold a new delivery service that competes with UPS and FedEx, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Wall Street volatility raises fears of another selloff
The evaporation of a rally on Wall Street in the closing minutes of Tuesday’s session shows that many investors fear the U.S. stock market is in danger of a renewed tumble due to uncertainty surrounding the coronavirus pandemic.
Jack Dorsey pledges $1 billion of his Square stake for COVID-19 relief efforts
Twitter Inc Chief Executive Officer Jack Dorsey on Tuesday pledged $1 billion of his stake in Square Inc , the payments processor that he co-founded and heads, to help fund relief efforts related to the coronavirus pandemic.
White House looks to bolster small business lending program
The White House hopes Congress will nearly double the size of its program to support ailing small businesses by the end of the week, as some of the nation’s largest lenders still sit on the sidelines and others remain unable to access the system.
Oil drop saps gains as Wall Street fades late
Wall Street fell on Tuesday, as a drop in oil prices steepened in the latter stages of the session and erased early gains built on tentative signs that coronavirus outbreaks in some of the biggest U.S. hot spots may be leveling.
Amazon piloting disinfectant fog at New York warehouse after protests
Amazon.com Inc told Reuters it is piloting the use of disinfectant fog starting on Tuesday at a warehouse in Staten Island, New York, within days of protests at the worksite over health concerns during the coronavirus pandemic.
U.S. Treasury liquidity on the mend, but without Fed remains fragile
Some measures of liquidity in the $17 trillion U.S. Treasury market are almost back to normal, thanks to the Federal Reserve’s giant purchases, after drying up two weeks ago at the height of the coronavirus panic, but trading conditions remain challeng…
