Airbus suspends production in France and Spain, shares slide
Airbus announced plans to halt operations at its plants in France and Spain for four days as the coronavirus crisis spread from battered airlines to...
Adidas joins Nike in announcing store closures over coronavirus
German sportswear maker Adidas on Tuesday joined rivals in announcing store closures in response to the coronavirus pandemic....
UAW seeks U.S. auto plant shutdown as COVID-19 crisis deepens
The head of the United Auto Workers on Tuesday turned up pressure on Detroit automakers to shutter U.S. factories for two weeks due to the...
Fed’s short-term funding CP plan boosts stocks, dollar
A gauge of global equity markets and gold rose on Tuesday after the U.S. Federal Reserve said it would buy short-term corporate debt directly from...
Tiffany to temporarily close several stores, cuts hours at others
Luxury jeweler Tiffany & Co said on Tuesday it would temporarily close several stores, including its Fifth Avenue flagship store in New York, and reduce...
Wells Fargo implements work-from-home policy amid coronavirus outbreak
Wells Fargo & Co said on Tuesday it is implementing work-from-home policies for most of its employees who don’t interact with customers and can effectively...
Stay-at-home stocks soar as Wall Street rebounds
Speculative stocks that stand to benefit from social distancing during the coronavirus pandemic soared on Tuesday, lifted by a broad rebound market following Wall Street’s...
Wall Street rebounds from Monday’s crash as Fed boosts liquidity
Wall Street rebounded on Tuesday, following its steepest declines since the 1987 crash, as the Federal Reserve took more steps to boost liquidity in a...
United Auto Workers union sought two-week U.S. auto plant shutdown over coronavirus
The United Auto Workers said Tuesday it had asked Detroit’s Big Three workers to shutdown all U.S. plants for two weeks in the wake of...
U.S. retail sales post biggest drop in a year; coronavirus drag coming
U.S. retail sales fell by the most in more than a year in February and the coronavirus pandemic is expected to depress sales in the...