Mnuchin defends U.S. fiscal response to pandemic, seeks payroll loan extension
U.S. Treasury Secretary Steven Mnuchin on Tuesday defended the Trump administration’s fiscal response to the coronavirus pandemic and told senators he was willing to consider...
Facebook to launch new shopping feature across apps
Facebook Inc is launching Facebook Shops, a service that will allow small businesses to display and sell their products on the social network’s platforms, Chief...
S&P 500 flat after mixed retail earnings
The S&P 500 was largely unchanged on Tuesday, after a strong rally in the prior session, as investors sifted through a mixed batch of results...
Oil dips as U.S. Senate grills Fed chair, Treasury secretary
Oil prices pulled back slightly on Tuesday as a U.S. Senate committee grilled Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin about aid...
Airlines say ticket cancellations slowing but demand recovery still distant
Top U.S. airlines and Air Canada on Tuesday reported slower ticket cancellations and an improvement in bookings on some routes, sending their shares higher, though...
Fiat Chrysler’s loan request raises doubts about 5.5 euro billion dividend
Italy could look into Fiat Chrysler’s planned 5.5 billion euro ($6 billion) payout as part of its merger with Peugeot after the Italian-American carmaker asked...
FAA to mandate new safety management tools for airplane manufacturers
The Federal Aviation Administration said Tuesday it will require Boeing Co and other aircraft manufacturers to adopt new safety management tools in the wake of...
JPMorgan directors reelected, former Exxon executive overcomes opposition
JPMorgan Chase & Co shareholders voted to reelect all of the bank’s board members on Tuesday, including a former Exxon Mobil Corp CEO who drew...
France’s Renault reaches deal on 5 billion euro state-backed loan: sources
French carmaker Renault has sealed a deal with banks on a 5 billion-euro ($5.47 billion) state-guaranteed loan to help the company to cope with the...
Airlines say ticket cancellations slowing; Delta sees cash flow break-even this year
Top U.S. airlines and Air Canada on Tuesday reported slower ticket cancellations and signs of improving demand, with Delta Air Lines Inc saying its cash...