U.S. set to grant automakers a lifeline — but no bailout
The $2 trillion economic rescue package before the U.S. Senate on Wednesday would send the federal government to the auto industry’s rescue for the second time in a dozen years.
Coronavirus-stricken U.S. companies pop poison pills
More U.S. companies are rushing to adopt so-called poison pills, dusting off a nearly 40-year-old takeover defense tool to ward off hostile bidders and activist shareholders eager to exploit the coronavirus-induced market sell-off.
Softbank-backed Ola seeks relief for drivers and taxi firms in India
Indian ride-hailing company Ola, backed by Softbank Group , wants loan waivers for drivers and a delay in tax payments to make up for coronavirus-related lost income, according to a source and document seen by Reuters.
U.S. coronavirus stimulus bill adds billions in support for farmers
The U.S. coronavirus stimulus bill would add $14 billion to the Agriculture Department’s Commodity Credit Corp spending authority, and authorize another $9.5 billion for U.S. farmers hurt by the fast-spreading pandemic, according to a copy of the bill’…
Coronavirus exposes U.S. Uber, Lyft drivers’ lack of safety net
As independent contractors, U.S. ride-hail drivers for Uber and Lyft benefited from soaring trip demand and flexible work hours.
Investors look to 2008 for guidance on when to jump back in
Investment banks are dusting off models from the 2008 financial crisis to gauge the right time to buy back into stock markets that have plunged 30% from their February record highs because of the coronvirus crisis.
Do more to stop coronavirus price gouging, U.S. states tell Amazon, Walmart, Facebook
A group of 32 U.S. states have a message for the nation’s leading online platforms: You are not doing enough to stop price gouging amid the coronavirus crisis.
Oil prices rise on stimulus package, fuel demand sinks
U.S. crude prices rose slightly on Wednesday, bolstered by progress on a massive pending U.S. economic stimulus package, but government data shows the coronavirus pandemic started to hurt U.S. fuel demand last week.
U.S. stocks seesaw as vote awaited on stimulus deal
U.S stocks seesawed on Wednesday, digesting the previous session’s huge rebound, with investors torn as optimism about an imminent $2 trillion coronavirus package was offset by concerned about the lasting economic impact from the pandemic. [.N]
Wall Street gains ahead of Senate vote on $2 trillion aid package
Wall Street rose in choppy trading on Wednesday, building on the previous session’s gains, as the U.S. Senate neared a vote to clear a $2 trillion package to support businesses and households affected by the coronavirus pandemic.
