Bipartisan majority of Americans reject Trump idea to reopen by Easter: Reuters/Ipsos poll
A bipartisan majority of Americans appear to reject an idea floated by President Donald Trump to reopen businesses by Easter, according to a Reuters/Ipsos poll, which also showed that nearly one in four have been laid off or furloughed during the coron…
U.S. airlines cheer government relief but warn it is no ‘cure’ for deep industry crisis
United Airlines Holdings Inc and Delta Air Lines welcomed on Friday a $50 billion relief package they said would protect jobs through September but warned that the continued challenges facing the industry will require more action.
European airlines resist mounting coronavirus refund claims
European airlines waiting in line for coronavirus bailouts want to tap another source of interest-free loans: their customers.
U.S. airlines expect clarity on terms of payroll grants in 5-10 days: UAL senior executives
U.S. airlines expect to learn the terms of federal aid meant to protect workers’ payrolls in the midst of a sharp downturn from the coronavirus in the next five to 10 days, senior executives at United Airlines Holdings Inc said on Friday.
Wall Street tumbles as U.S. virus cases pass 100,000
Wall Street stocks tumbled on Friday, ending a massive three-day surge after doubts about the fate of the U.S. economy resurfaced and the number of coronavirus cases in the country climbed.
Almost one in four Americans lost job or furloughed because of coronavirus: Reuters/Ipsos poll
Nearly one in four U.S. adults said they have been laid off or furloughed during the coronavirus outbreak, yet a bipartisan majority of Americans wants businesses to remain closed to slow the spread of the deadly virus despite its impact on the economy…
Fed sets fee structure for BlackRock’s role in mortgage bond purchases
BlackRock Inc will earn less than $8 million a year in fees for its role assisting the Federal Reserve with its purchases of commercial mortgage-backed securities, one of the new programs the central bank is rolling out to backstop an economy under thr…
Stocks down on virus’ economic toll; dollar falls further
Stocks across the globe fell on Friday after a historic three-day run-up, as skittish investors kept indices on track for their worst monthly and quarterly performances since 2008, while the dollar fell by the most in any week since 2009.
Trump tells GM: Stop ‘wasting time’, build ventilators to address coronavirus
U.S. President Donald Trump on Friday invoked emergency powers to require General Motors Co to build much-needed ventilators for coronavirus patients after he accused the largest U.S. automaker of “wasting time” during negotiations.
Oil plunges posting fifth straight weekly loss despite stimulus efforts
Oil prices plunged 5% on Friday and posted a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world.
