Fed aims ‘bazooka’ to backstop coronavirus-hit economy
The U.S. Federal Reserve on Monday rolled out an extraordinary array of programs to backstop an economy reeling from sweeping restrictions on people and businesses that scientists say are needed to limit the spread of the coronavirus.
U.S. CDC reports 33,453 coronavirus cases, 400 deaths
The U.S. Centers for Disease Control and Prevention (CDC) on Monday reported 33,453 cases of coronavirus, an increase of 18,185 cases from its previous count, and said the death toll had risen by 199 to 400.
U.S. Senate moves toward uncertain vote on massive coronavirus relief package
The U.S. Senate on Monday moved toward another vote on a far-reaching coronavirus economic stimulus package on Monday, though Republicans and Democrats said they still had not resolved their differences that had stalled the package over the weekend.
Western supply chains buckle as coronavirus lockdowns spread
Freight carriers are struggling to deliver goods by land, sea or air as the coronavirus pandemic forces Western governments to impose lockdowns, threatening supplies of vital products including medicines into the most affected areas, such as Italy.
New York begs for federal help over coronavirus as Fed sets up fiscal supports
New York Mayor Bill de Blasio pleaded for help from the federal government and from private citizens to fight the coronavirus outbreak as the U.S. Federal Reserve launched an extraordinary array of initiatives to mitigate the pandemic’s economic impact…
Daimler to halt production in Alabama, South Carolina for two weeks
Daimler is suspending production at its plants in Tuscaloosa, Alabama and Charleston, South Carolina for two weeks starting today, it said.
Fed aims ‘bazooka’ at coronavirus to backstop economy
The U.S. Federal Reserve on Monday rolled out an extraordinary new array of programs aimed at blunting the “severe disruptions” to the economy caused by the coronarvirus outbreak, backstopping an unprecedented range of credit for households, small busi…
U.S. Senate looks to strike deal on massive coronavirus relief package
Republicans and Democrats in the U.S. Senate struggled to reach agreement on a far-reaching coronavirus stimulus package on Monday after failing to reach a deal in talks that stretched through the weekend.
Trump aims to decide economic course on coronavirus at end of 15-day plan
President Donald Trump is privately expressing concern at the damage the coronavirus shutdown is doing to the U.S. economy and is debating whether it can be safely reopened, two sources familiar with the situation said on Monday.
U.S. Supreme Court tosses ruling that revived comedian’s racial bias suit against Comcast
The U.S. Supreme Court on Monday threw out a lower court’s ruling that had given the green light to comedian-turned-media entrepreneur Byron Allen’s $20 billion racial bias lawsuit against Comcast Corp that accused the cable television operator of disc…
