U.S. companies reeling from coronavirus fallout, Fed survey shows
U.S. companies have been battered by the fallout from the novel coronavirus outbreak, with economic activity plunging at an unprecedented speed over the past few...
Trump administration aims to buy milk, meat to help farmers hit by coronavirus: Perdue
The Trump administration plans to buy milk and meat from U.S. farmers as part of an initial $15.5 billion effort to help them weather the...
Investors fled bonds as well as stocks in March
Investors withdrew record amounts of money from bond and equity funds in March while money market funds showed record inflows, as the prospect of a...
J.C. Penney skips interest payment amid bankruptcy fears
J.C. Penney Co Inc said on Wednesday it will not make a $12 million interest payment on its long-term corporate bonds, a day after Reuters...
Fund managers looking at medical tests, Europe, for signs U.S. economy can reopen
Some investors are wary about buying into a recent stock market rally. Even with hopes for a quick reopening of the economy, they want more...
Stocks, crude plunge on economic data, oil oversupply
A double whammy of economic data showing the U.S. economy in a deep downturn and reports of persistent crude oil oversupply and collapsing demand slammed...
Coast to coast, Fed survey shows sharp, abrupt toll of coronavirus
U.S. companies have been battered by the fallout from the novel coronavirus outbreak as economic activity “contracted sharply and abruptly across all regions,” a report...
Harley-Davidson lays off staff, cuts salaries, amid coronavirus outbreak
Harley-Davidson Inc said on Wednesday it had temporarily laid off most of its global production employees and implemented salary cuts in a bid to lower...
Exclusive: Major U.S. airlines plan to apply for government loans in addition to grants: sources
Numerous major U.S. airlines are preparing to apply this week for a $25 billion U.S. government loan program after winning billions in federal payroll grants,...
Apple has a $399 iPhone SE for the budget-conscious as coronavirus stalls economy
Apple Inc on Wednesday released a smaller iPhone priced at $399, cutting the starting price for the company’s smartphone line in a move to broaden...