U.S. airlines see distant recovery as coronoavirus hits travel
Leading U.S. airlines on Tuesday ditched 2020 forecasts and unveiled more sweeping capacity cuts and cost-saving measures in response to the spreading coronavirus, while United Airlines warned of a deep hit to the sector.
Stocks, oil rebound after prior day’s brutal market rout
Oil and global equity markets recovered on Tuesday after the prior day’s shellacking as the world’s biggest economies moved to cushion the impact of the coronavirus, but stock gains in Europe failed to hold as investors remained skittish.
Amazon and other large ecosystems at risk of rapid collapse: study
Large ecosystems such as the Amazon rainforest and coral reefs could collapse faster than scientists had previously assumed, according to a study published on Tuesday.
McDonald’s hourly workers in U.S. demand paid sick leave as virus spreads
Hourly wage workers at McDonald’s Corp on Tuesday sought paid sick leave for those working at its U.S. restaurants and an update to the safety protocols as coronavirus cases in the United States rise.
Buy or sell? Investors navigate coronavirus data fog
For money managers, it’s bad enough watching the coronavirus wipe trillions of dollars off world markets’ value. Even worse is not knowing how bad the outbreak really is for the economy, company balance sheets, and in turn for their portfolios.
Stimulus hopes buoy Wall Street after rout
Wall Street rebounded on Tuesday as investors pinned their hopes on policy easing by major central banks after global markets plummeted in the previous session on fears of a coronavirus-driven recession.
Goldman Sachs is ‘very open’ to acquisitions: CFO
Goldman Sachs Group Inc Chief Financial Officer Stephen Scherr said on Tuesday the bank is “very open” to acquisitions, especially those that would speed the growth of its existing businesses.
Coronavirus wipes $70 billion off global listed airlines
The rapid spread of coronavirus has wiped almost a third – or $70 billion – off the world’s top 20 listed airlines and reshuffled global rankings, elevating Air China into third place behind U.S. rivals, an analysis by Reuters shows.
Spread of virus drives Corporate America into cyberspace for annual meetings
More U.S. companies are moving their annual shareholder meetings online to help contain the spread of coronavirus, raising concerns among corporate democracy advocates about investors losing access to top executives and board directors.
Trump’s coronavirus stimulus is still evolving. Here’s what it should include, experts say
U.S. President Donald Trump said he will ask Congress for a payroll tax cut and other “very major” stimulus moves on Tuesday to ease the economic pain of the coronavirus, but the details remain unclear.
