U.S. braces for record surge in jobless claims amid coronavirus fallout
The number of Americans filing claims for unemployment benefits likely raced to as high as a record 4 million last week as strict measures to contain the coronavirus pandemic ground the country to a sudden halt, unleashing a wave of layoffs.
China, U.S. to set aside differences in G20 coronavirus summit: SCMP
China and the United States are expected to call a timeout on their coronavirus blame game and focus on the challenges of the pandemic when leaders of the G20 nations hold talks via video conference on Thursday, the South China Morning Post said.
Oil prices slip as demand shrinks, but stimulus supports
Oil prices slipped on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.
U.S. Senate approves big rescue for struggling aviation sector
The U.S. Senate voted late Wednesday 96-0 to give the U.S. aviation industry $58 billion in a coronavirus-rescue package, half in the form of grants to cover some 750,000 employees’ paychecks, in a badly needed lifeline for an industry facing the worst…
U.S. Senate votes to grants struggling aviation sector big bailout
The U.S. Senate voted late Wednesday 96-0 to give the U.S. aviation industry $58 billion in aid, half in the form of grants earmarked to cover some 750,000 employees’ paychecks, in a badly needed lifeline for an industry facing the worst travel downtur…
Stocks run out of steam on U.S. job jitters, yen gains
A two-day equities rally lost momentum on Thursday, and investors sold riskier currencies, as stimulus negotiations dragged on in Washington and investors fretted over a likely spike in U.S. jobless claims.
Airbnb says U.S. coronavirus stimulus bill could offer its hosts some relief
Airbnb Inc hosts in the United States could get some relief from a $2 trillion coronavirus stimulus bill that is nearing a vote in Congress, the home-rental startup said on Wednesday.
Asian markets tread cautiously ahead of U.S. stimulus, jobs
Asian stock markets made a cautious start on Thursday following two days of rallies, as investors await the passage and details of a $2 trillion stimulus package in the United States to combat the economic fallout from the coronavirus.
McDonald’s to trim U.S. menu during coronavirus pandemic
McDonald’s Corp said on Wednesday it would temporarily remove some items from its U.S. menu as it focuses on simplifying operations in the face of the fast-spreading coronavirus outbreak.
SoftBank Group’s share rally ends after Moody’s downgrade
SoftBank Group Corp’s shares fell 8% in early trade on Thursday, ending a 55% rally in the stock, after Moody’s downgraded the tech conglomerate’s debt rating by two notches over plans to sell prime assets into a volatile market.
