Key U.S. business group opposes shutting U.S. stock trading, short-selling bans
Shutting down the U.S. stock market would be “exactly the wrong thing to do” by depriving businesses and investors of capital just when they need...
California considers whether Tesla factory can operate in coronavirus shutdown
Local California officials on Tuesday were evaluating if and how Tesla Inc will be allowed to continue operating its main U.S. vehicle factory as the...
U.S. regulator proposes path for non-banks to gain deposit license
A U.S. banking regulator proposed a set of standards Tuesday for how it would consider special charters to allow non-banks to accept deposits and engage...
Fed’s short-term corporate funding plan boosts stocks, gold, dollar
Gold, the dollar and global equity markets rose on Tuesday after the Federal Reserve said it would buy short-term corporate debt directly from companies to...
Fed’s George says standing by to lend in ‘this extraordinary time’
Kansas City Federal Reserve President Esther George said on Tuesday that the regional Fed bank continues to carry on with its key functions, and is...
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...