Reuters: Business News
|Richmond Fed's Barkin: Employment numbers to get worse before getting better
U.S. employment numbers will get worse amid the ongoing coronavirus outbreak before getting better, Richmond Federal Reserve President Thomas Barkin said in an interview with Bloomberg News.
POSTED APRIL 03, 2020 3:41 PM
|U.S. airlines face deadline to apply for federal payroll grants
U.S. passenger and cargo carriers and airport contractors faced a deadline of 5 p.m. EDT (2100 GMT) on Friday to tap the federal government for up to $32 billion in payroll grants to keep workers employed while they ride out the economic toll of the coronavirus on their business.
POSTED APRIL 03, 2020 3:39 PM
|Wall Street falls as coronavirus cuts into U.S. payrolls
Wall Street's main indexes fell on Friday as the coronavirus abruptly ended a record U.S. job growth streak of 113 months, leaving little doubt that the economy is in a recession.
POSTED APRIL 03, 2020 3:38 PM
|American Airlines applies for U.S. payroll assistance grants
American Airlines, the largest U.S. airline, confirmed Friday it has applied to the U.S. Treasury for a chunk of the $25 billion payroll assistance grants approved by Congress last week.
POSTED APRIL 03, 2020 3:35 PM
|Global currency funds notch wins amid coronavirus volatility
Global currency fund managers racked up gains in the first quarter as they benefited from the extreme volatility that the coronavirus pandemic has stoked across financial markets.
POSTED APRIL 03, 2020 3:33 PM
|The watchdogs overseeing the $2.3 trillion U.S. bailout
Who's watching over the U.S. government's largest bailout in history - the $2.3 trillion in fiscal stimulus to fight the economic impact of the coronavirus?
POSTED APRIL 03, 2020 3:23 PM
|Exclusive: Amazon to delay Prime Day sales event due to coronavirus
Amazon.com Inc is postponing its major summer shopping event Prime Day until at least August and expects a potential $100-million hit from excess devices it may now have to sell at a discount, according to internal meeting notes seen by Reuters.
POSTED APRIL 03, 2020 3:15 PM
|JPMorgan says now accepting applications for federal loan program
JPMorgan Chase & Co , the largest U.S. lender by assets, started accepting at Friday midday applications for loans from the federal government's paycheck protection program, according to a post on the bank's website.
POSTED APRIL 03, 2020 3:08 PM
|Trump says Bank of America, others doing 'great job' on small-business loans
President Donald Trump hailed one of the country's largest banks, as well as many small lenders, for making small business emergency loans on the first day of a new U.S. coronavirus economic relief program.
POSTED APRIL 03, 2020 3:06 PM
|Fed Chair Powell spoke with Trump as central bank geared up for virus response
Federal Reserve Chair Jerome Powell had two previously undisclosed phone calls with U.S. President Trump in February, calendars released on Friday show, including a brief call during the last week of the month when it was becoming clearer that the coronavirus would likely have more than a transitory effect on the U.S. economy.
POSTED APRIL 03, 2020 2:54 PM