Wells Fargo implements work-from-home policy amid coronavirus outbreak
Wells Fargo & Co said on Tuesday it is implementing work-from-home policies for most of its employees who don’t interact with customers and can effectively work remotely, in response to the quickly-spreading coronavirus outbreak.
Trump says U.S. government will provide assistance to Boeing
U.S. President Donald Trump said the government would provide financial assistance to Boeing Co as the entire aviation sector faces economic turmoil over the coronavirus pandemic.
United Auto Workers union sought two-week U.S. auto plant shutdown over coronavirus
The United Auto Workers said Tuesday it had asked Detroit’s Big Three workers to shutdown all U.S. plants for two weeks in the wake of the coronavirus outbreak.
U.S. retail sales post biggest drop in a year; coronavirus drag coming
U.S. retail sales fell by the most in more than a year in February and the coronavirus pandemic is expected to depress sales in the months ahead, which could strengthen economists’ expectations of a consumer-led recession by the second quarter.
Can networks cope with millions working from home? So far, yes
Some European telecoms operators reported connectivity problems on Tuesday as millions of people logged on for work at home due to the coronavirus pandemic, driving up data traffic by as much as 30% and testing networks.
Stay-at-home stocks soar as Wall Street rebounds
Speculative stocks that stand to benefit from social distancing during the coronavirus pandemic soared on Tuesday, lifted by a broad rebound market following Wall Street’s worst day in three decades.
Wall Street rebounds from Monday’s crash as Fed boosts liquidity
Wall Street rebounded on Tuesday, following its steepest declines since the 1987 crash, as the Federal Reserve took more steps to boost liquidity in a market sapped by business and travel disruptions in the wake of the coronavirus pandemic.
Coronavirus-stricken airlines call for aid to limit bankruptcies
European airlines demanded urgent tax relief to avoid multiple bankruptcies as coronavirus disruption continued its spread across the global industry on Tuesday.
Uber, Lyft suspend pooled rides in U.S., Canada to limit spread of coronavirus
Uber Technologies Inc and Lyft Inc Tuesday began suspending shared rides on their ride-hailing platforms in the United States and Canada to limit the spread of the coronavirus.
German coronavirus vaccine developer CureVac denies any U.S. bid
CureVac, the German biotech firm at the center of a row over alleged U.S. attempts to gain access to an experimental coronavirus vaccine it is developing, denied on Tuesday it had received U.S. offers for the company or its assets.
