Fed moves to backstop funding for companies as coronavirus fallout spreads
The U.S. Federal Reserve on Tuesday acted to ensure companies can continue paying workers and buying supplies through the coronavirus epidemic, as top officials scrambled...
U.S. investors give thumbs down to potential shortened stock session
U.S. Treasury Secretary Steven Mnuchin’s suggestion on Tuesday that the country’s stock exchanges might shorten their trading hours did not go over well with investors...
Target reduces store hours to restock, clean amid virus outbreak
Target Corp said on Tuesday it would reduce store hours for cleaning and restocking, as more consumers shop at its outlets for essentials amid the...
Your Money: As U.S. unemployment claims surge, know your status
Applications for unemployment insurance are skyrocketing across the United States. In Ohio, the number tripled from last week through Sunday, up to 12,000, according to...
FedEx suspends 2020 profit outlook; quarterly revenue beats estimates
U.S. package delivery company FedEx Corp suspended its 2020 profit outlook on Tuesday, citing disruption from the coronavirus outbreak, which also led to lower adjusted...
Exclusive: Boeing seeking ‘tens of billions’ in U.S. government loan-guarantees – sources
Boeing Co is seeking “tens of billions of dollars” in U.S. government loan-guarantees and other assistance as faces it a looming liquidity crunch from the...
Exclusive: Impossible Foods explores credit line to tackle coronavirus fallout – sources
Impossible Foods is discussing a new credit line worth several hundred million dollars with its lenders, as the plant-based meat company braces for the economic...
FedEx suspends 2020 profit forecast due to coronavirus outbreak
FedEx Corp suspended its 2020 profit outlook on Tuesday, citing uncertainty due to the coronavirus pandemic....
World Bank adds $2 billion to funds available for coronavirus response
The World Bank on Tuesday said it had increased to $14 billion the amount of fast-track financing available to members to respond to the global...
Brent crude sinks below $30/bbl as recession fears weigh
Crude oil prices settled below $30 a barrel as the coronavirus pandemic slowed economic growth and oil demand on Tuesday while Saudi Arabia and Russia...