The U.S. Transportation Department on Tuesday proposed that passenger airlines should be required to maintain minimum numbers of flights as a condition for receiving aid from the government's $50 billion grant and loan fund.
U.S. President Donald Trump said on Tuesday he would join Saudi Arabia and Russia, if need be, for talks about the sharp fall in oil prices resulting from a price war between the two countries.
U.S. pension funds that delayed rebalancing their portfolios are likely to pump about $400 billion into stocks over the next two quarters, analysts at JP Morgan said, providing a potential boost to equity markets battered by the coronavirus pandemic.
U.S. Deputy Treasury Secretary Justin Muzinich, an architect of the sweeping 2017 Republican tax cut, is under consideration to oversee a newly created $500 billion coronavirus rescue loan program for large companies, cities and states, two sources familiar with the agency's plans said.
Crude oil benchmarks ended a volatile quarter with their biggest losses in history, as both U.S. and Brent futures were hammered throughout March on the global economic freeze due to the coronavirus pandemic and the eruption of a price war between Russia and Saudi Arabia.
Fiat Chrysler did not mention any possible delay in the merger process with France's PSA during a call with unions on Tuesday, metal workers' union FIOM said.
Italy's biggest bank by assets, UniCredit SpA , said on Tuesday its top managers had decided to waive their entire 2020 bonus pay and that the bank would donate an equivalent amount to the UniCredit Foundation to support social initiatives.
Barclays , Royal Bank of Scotland and the British arm of Spain's Santander , said on Tuesday they would suspend dividend payments, saving their capital as a buffer against expected losses from the economic fallout from the coronavirus.
Zoom Video Communications Inc's average user numbers in March were nearly three times that of its nearest rival Microsoft Corp's Teams, according to research firm Apptopia, as the cornonavirus-driven stay-at-home lifted demand for video conferencing platforms.
The dollar fell against a basket of major currencies on Tuesday modestly pressured by the weight of Federal Reserve measures meant to ensure there was enough liquidity in the global financial system.
SEC Chairman Jay Clayton said Monday that the practice of short selling — effectively betting that a stock will drop — is need to "facilitate ordinary market trading."
Facebook Inc on Monday pledged $100 million in financing and advertising spending to support news organizations, including local publishers in the United States, reeling from pressure due to the coronavirus pandemic.
While many Americans will benefit from expanded unemployment benefits in the new coronavirus relief law, some groups are left out.
The United States has given banks a two-year break from provisions for loans soured by the coronavirus pandemic, seeking to keep credit flowing while borrowers struggle to stay afloat as economic activity grinds to a halt.
Microsoft Corp said on Monday its video calling platform Skype saw a 70% jump in usage in the last week of March from a month earlier, as more people shift to working from home amid the coronavirus pandemic.