Fourth stimulus bill may not be needed if states bounce back: White House
A fourth bill to provide stimulus to the U.S. economy may not be needed if states are able to successfully reopen their economies “relatively quickly,”...
Oil prices surge on last day of roller-coaster month
Oil prices jumped on Thursday, as signs the U.S. crude glut was not growing as quickly as many had feared brought an upbeat close to...
Macy’s reopening 68 stores, targets all within six weeks as U.S. curbs loosen
Macy’s Inc plans to reopen 68 U.S. stores on Monday in states that have loosened coronavirus lockdowns, the department store operator said on Thursday, as...
Equities dip but remain on pace for best month on record
World equity benchmarks dipped on Thursday yet remained on pace for their best month on record as a rebound in oil prices, encouraging early results...
Wall Street falls on grim jobless claims data
U.S. stocks fell on Thursday as millions of more Americans applied for jobless claims, taking the shine off a strong rally this month and eclipsing...
JPMorgan says it has handled $17.8 billion under emergency aid program
JPMorgan Chase & Co said it has submitted roughly 220,000 applications worth $17.8 billion to the Small Business Administration’s Paycheck Protection Program to help small...
Pringles maker Kellogg pushes product launches to second half as virus raises costs
Kellogg Co said on Thursday it would push product launches to the second half of 2020, as the breakfast cereal maker invests into additional warehouse...
Equality key to rescuing U.S.-China business ties: U.S. business lobby
Recent strains in the relationship between the United States and China make it especially important to establish a policy of ‘competitive neutrality’ the American Chamber...
Fed to expand reach of ‘Main Street’ lending program
The U.S. Federal Reserve on Thursday widened a key program to nurse the “Main Street” economy through the coronavirus pandemic, agreeing to lend to even...
U.S. economy may not need more stimulus to weather coronavirus hit: White House official
The U.S. economy may be able to weather the hit from the coronavirus with the stimulative policies already in the pipeline without the need for...