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...
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...
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...
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...
Macy’s, Hudson’s Bay to temporarily close U.S. stores due to virus outbreak
Department store operators Macy’s Inc and Hudson’s Bay decided on Tuesday to temporarily close all its stores in the United States due to the coronavirus...
U.S. airlines face push-back in Congress on $50 billion bailout proposal
Some Democrats in Congress are pushing back on aspects of a proposal by major airlines seeking $50 billion in grants and loans in the face...
Norwegian Air asks for similar help to regional rival SAS
Struggling Norwegian Air needs government support similar to that which SAS received from the Danish and Swedish governments if it is to protect jobs in...
CFTC provides work-from-home relief for brokers, other market players
The U.S. Commodity Futures Trading Commission on Tuesday said it has issued temporary, targeted relief to futures commissions merchants, brokers, swap dealers, and other market...