France’s carmaker Renault drops dividend over coronavirus crisis: source
French carmaker Renault’s board has decided to cancel its dividend on 2019 earnings in light of the coronavirus crisis, a source close to the matter...
Smithfield Foods closes U.S. pork plant due to new coronavirus
Smithfield Foods Inc, the world’s biggest pork processor, said on Thursday it is temporarily closing a plant in Sioux Falls, South Dakota, because of the...
U.S. jobless claims top 6 million for second straight week
A staggering 16.8 million Americans have filed for unemployment benefits in the last three weeks, with weekly new claims topping 6 million for the second...
U.S. jobless claims top six million for second straight week
A staggering 16.8 million Americans have filed for unemployment benefits in the last three weeks, with weekly new claims topping 6 million for the second...
Automakers push to reopen plants with testing and lots of masks
Global automakers reeling from the COVID-19 pandemic are accelerating efforts to restart factories from Wuhan to Maranello to Michigan, using safety protocols developed for China...
Citigroup offers full-time positions to interns amid coronavirus crisis
Citigroup Inc said on Thursday it is offering full-time positions to its interns, but delaying the new class of summer intern program to July 6...
Wall Street rises on $2.3 trillion Fed backstop
Wall Street rose for the third time in four days on Thursday as the U.S. Federal Reserve rolled out a massive $2.3 trillion program to...
Fed will continue to act ‘forcefully, proactively and aggressively,’ Powell says
The Federal Reserve will continue to use all the tools at its disposal until the U.S. economy begins to fully rebound from the harm caused...
Fed chief Powell sees road to recovery, warns on ‘false start’
The U.S. economy could be headed “fairly quickly” toward recovery if people stay home, government gets aid to businesses and households, and public health officials...
White House to announce economic coronavirus task force soon, senior administration official says
The White House is expected to announce soon formation of a second coronavirus task force, this one devoted to getting the U.S. economy back going...