Pelosi expects bipartisan House vote for $2 trillion coronavirus bill Friday
U.S. House Speaker Nancy Pelosi said she expected the chamber to pass an estimated $2.2 trillion coronavirus relief bill when it meets on Friday, after the...
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Senate passes $2 trillion bill for 'strange and evil' coronavirus crisis
The U.S. Senate on Wednesday unanimously backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus epidemic, as well as...
Oil falls more than $1 as crimped demand outweighs stimulus hopes
Oil prices lost more than $1 a barrel on Thursday as restrictions on travel worldwide slashed fuel demand, with U.S. crude futures plunging more than 6%...
EU lawmakers back aid for virus-hit economy in remote vote
European Union lawmakers approved on Thursday emergency funds to cushion the bloc's economic slump triggered by the coronavirus pandemic and shore up battered airlines by preserving...
To avoid a repeat of 2008, Main Street America says help needs to be fast
Small businesses in the United States say promised help from the federal government and the Federal Reserve is welcome news in the battle to stay afloat...
U.S. House leaders plan to pass $2.2 trillion coronavirus bill Friday
U.S. House Speaker Nancy Pelosi said she expected the chamber to pass an estimated $2.2 trillion coronavirus relief bill when it meets on Friday, after the...
Fed balance sheet tops $5 trillion for first time as it enters coronavirus war mode
The U.S. Federal Reserve's balance sheet soared past $5 trillion in assets for the first time this week as it scooped up bonds and extended loans...
Gap pulls forecast, suspends dividend, taps $500 million credit as coronavirus bites
Gap Inc on Thursday withdrew its full-year forecast issued just two weeks ago, suspended its dividend and said it will draw down on its entire $500...
EU lawmakers back suspension of airline slots rule until October
European lawmakers overwhelmingly agreed on Thursday to suspend until Oct. 24 a rule requiring airlines to use at least 80% of their flight slots to keep...
Exclusive: Ross Stores, other retailers cancel vendor orders following coronavirus hit
After closing stores around the world to curb the spread of the coronavirus, retailers are now telling some vendors to immediately cancel orders.
GM extends North American shutdown, does not set restart date
General Motors Co said Thursday it will extend a shutdown of its North American plants beyond March 30, but added it does not know when it...
Wall Street powers stocks higher on $2 trillion stimulus; dollar takes a hit
A Wall Street rally led global gains in stocks on Thursday despite a record number of new unemployment filings in the United States, as traders focused...
Big banks reassure staff about potential job cuts
Big banks are postponing decisions about staff cuts as the coronavirus hits their businesses hard, with executives saying they are unsure how long the outbreak will...
Petrobras' divestment push in Brazil challenged by oil price war
A move by Brazil's Petrobras on Thursday to slash output, capital spending and dividends brings the state-run oil firm into alignment with global rivals confronted with...
U.S. banks borrow at discount window after Fed offers stigma relief
With encouragement from the Federal Reserve, U.S. banks have turned to a long-shunned lending facility known as the discount window to borrow $50.8 billion, according to...