U.S. Labor Department allows unemployment benefits for Coronavirus
The U.S. Labor Department on Thursday gave states flexibility to amend their laws to provide unemployment benefits in events related to the coronavirus in an effort to limit the damage on the economy from the pandemic.
Wall Street banks order staffers to work remotely as virus spreads
Working from home went from optional to mandatory across Wall Street this week as financial firms reported their first confirmed cases of coronavirus and the outbreak spread further through New York City.
Deutsche Bank seeks to reassure employees, investors as stock slides
Deutsche Bank’s top executives sought to assure employees and investors over its ability to weather the coronavirus as shares in the German lender hit a new low on Thursday amid a wider stock market sell-off.
French watchdog set to fine Apple over anti-competitive behavior: sources
France’s competition watchdog is set to fine iPhone maker Apple next Monday over anti-competitive behavior in its distribution and sales network, two sources close to the matter said on Thursday.
Dow heads for worst day since 1987 as record bull run ends
The Dow Jones index was on course on Thursday for its worst performance since Wall Street’s “Black Monday” crash of 1987, as President Donald Trump’s move to curb travel from Europe added to growing corporate distress over the coronavirus pandemic.
Markets in virus panic: day’s plunge in charts
A coronavirus-induced meltdown on Wall Street and other financial markets saw prices plunge on Thursday for everything from stocks and corporate bonds to bitcoin, oil and gold — wiping trillions of dollars from investment portfolios and company valuat…
IATA urges governments to support airlines in wake of U.S. travel ban
The airlines industry body called on governments on Thursday to support transatlantic carriers hit by cash-flow problems due to the coronavirus crisis by offering measures such as credit lines and tax breaks.
Explainer: Fed may go into its crisis tool kit soon. What’s in it?
Analysts and economists increasingly expect the Federal Reserve to roll out measures beyond interest rate cuts and bond purchases to ensure financial markets keep operating smoothly and banks have ample liquidity during the coronavirus outbreak.
JPMorgan CEO Jamie Dimon home from hospital, recovering ‘well’: bank
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon was released from a New York hospital and is now at home recovering from an emergency heart surgery he underwent last week, the bank said on Thursday.
Oil falls, Brent crude drops 8% after Trump surprises with travel curbs
Oil prices fell, with Brent crude sliding 8% on Thursday after U.S. President Donald Trump unexpectedly announced restrictions on travel from Europe in an attempt to halt the spread of coronavirus after the World Health Organization described the outbr…
