S&P 500 rallies for second day as investors await $2 trillion aid package
The S&P 500 rallied for a second straight session on Wednesday as the U.S. Senate appeared near a vote on a $2 trillion package to support businesses and households devastated by the coronavirus pandemic.
Exclusive: Amazon pauses sellers’ loan repayments amid coronavirus
Amazon.com Inc on Wednesday said it temporarily would not require sellers in its marketplace to repay loans it had made to them, as merchants confront the prospect of declining sales during the coronavirus pandemic.
Oil prices settle higher on stimulus package, fuel demand sinks
U.S. crude prices settled higher on Wednesday, bolstered by progress on a massive pending U.S. economic stimulus package, even as government data showed the coronavirus pandemic started undercutting U.S. fuel demand last week.
Computer chip makers seek U.S. permission to work during pandemic
A group representing major U.S. semiconductor companies on Wednesday said it was working with federal officials to make clear to state and local officials overseeing lockdowns that chip companies are essential businesses that should continue operations…
S&P 500 rallies for second day as investors await economic aid package
The S&P 500 rallied for a second straight session on Wednesday as the U.S. Senate appeared to near a vote on a $2 trillion package to support businesses and households devastated by the coronavirus pandemic.
U.S. Senate bill to grant airlines bailout to weather coronavirus
The U.S. Senate will vote on Wednesday to give the U.S. aviation industry $58 billion in aid, half in the form of grants to cover some 750,000 employees’ paychecks, in a badly needed lifeline for an industry facing the worst travel downturn in history….
Sales of essential goods at Target soar in March as shoppers stock up
Target Corp said on Wednesday it saw a more than 50% rise in same-store sales so far in March for certain essential goods, joining a list of grocery chains benefiting from consumers hunkering down for an extended period due to the coronavirus outbreak…
U.S. auto sales in states with coronavirus lockdown orders to drop 80%: analysts
Vehicle sales in U.S. states that implemented lockdown orders to curb the spread of the coronavirus will drop 80% or more, analysts said on Wednesday.
Who needs Instacart? U.S. farmers expand food deliveries during coronavirus outbreak
Farmers in rural America are expanding food delivery services to meet rising demand from consumers seeking to isolate themselves during the coronavirus pandemic and frustrated by empty grocery-store shelves.
Volkswagen expects car market to recover in summer: FAZ
Volkswagen expects the German car market to recover in the summer after the automaker was forced to suspend output because of the coronavirus pandemic, an executive told a newspaper on Wednesday.
