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April 8, 2020
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Reuters - Business

Wobbly U.S. fiscal response could deepen coronavirus recession

Reuters
WASHINGTON (Reuters) – The U.S. government’s massive effort to nurse the economy through the coronavirus crisis was billed as a send-money-and-don’t-sweat-the-details flood of cash to people and businesses in a $22 trillion system that has ground to a halt. FILE PHOTO: U.S. President Donald Trump hosts a signing ceremony for......
Reuters - Business

U.S. oil state senators to talk crude markets with Saudi officials Saturday: source

Reuters
WASHINGTON (Reuters) – Republican U.S. senators who have introduced a bill that would remove U.S. defense systems and troops in Saudi Arabia unless it cuts oil output will hold a call with the kingdom’s officials on Saturday, a source familiar with the planning said on Tuesday. FILE PHOTO: A Lockheed......
Reuters - Business

Wall Street volatility raises fears of another selloff

Reuters
(Reuters) – The evaporation of a rally on Wall Street in the closing minutes of Tuesday’s session shows that many investors fear the U.S. stock market is in danger of a renewed tumble due to uncertainty surrounding the coronavirus pandemic. FILE PHOTO: A man crosses a nearly deserted Nassau Street......
Reuters - Business

Jobless Americans to see extra payments as soon as this week

Reuters
WASHINGTON (Reuters) – Americans who have lost their jobs due to the coronavirus outbreak will start getting enhanced jobless benefits as soon as this week as states deploy hundreds of billions of dollars in federal aid, state officials said on Tuesday. FILE PHOTO: People gather at the entrance for the......
Reuters - Business

U.S. economy will eventually reopen but with big changes: Kudlow

Reuters
FILE PHOTO: U.S. Director of the Economic Council Larry Kudlow speaks during the Wall Street Journal CEO Council, in Washington, U.S., December 10, 2019. REUTERS/Al Drago WASHINGTON (Reuters) – The Trump administration is aiming to reopen the U.S. economy when the nation’s top health experts give the go-ahead, but Americans’......
Reuters - Business

Exclusive: U.S. grants GE license to sell engines for China’s new airplane

Reuters
FILE PHOTO: A man takes a picture of a General Electric (GE) engine during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November 6, 2018. REUTERS/Aly Song (Reuters) – The Trump administration on Tuesday granted a license to General Electric Co to......
Reuters - Business

Wall Street set to surge on coronavirus slowdown hopes

Reuters
(Reuters) – Wall Street was set to resume a strong rally on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that the sweeping lockdown measures were working. FILE PHOTO: A nearly deserted Wall Street and the steps of Federal Hall are seen......
Reuters - Business

Outbreak shows signs of leveling off in New York, New Jersey, but vigilance urged

Reuters
NEW YORK (Reuters) – The governors of New York, New Jersey and Louisiana pointed to tentative signs on Monday that the coronavirus outbreak may be starting to plateau in their states but warned against complacency as the death toll nationwide approached 11,000. Although coronavirus cases and deaths continued to mount,......
Reuters - Business

Coronavirus spread may be leveling off in New York, New Jersey; vigilance urged

Reuters
NEW YORK (Reuters) – The governors of New York and New Jersey pointed to tentative signs on Monday that the coronavirus outbreak was starting to plateau but warned against complacency as the nationwide death toll topped 10,000 and the number of known U.S. infections surpassed 350,000. New York Governor Andrew......
Reuters - Business

Alaska warned U.S. government its largest regional airline was on verge of collapse: letter

Reuters
WASHINGTON/CHICAGO (Reuters) – Alaska’s congressional delegation warned U.S. Treasury Secretary Steven Mnuchin last week that many of its airlines, including its largest regional carrier, RavnAir Group, were on the verge of collapse, according to a letter seen by Reuters. FILE PHOTO: Delta Air Lines passenger planes are seen parked due......
Reuters - Business

New York, New Jersey see early signs of coronavirus ‘flattening’

Reuters
NEW YORK (Reuters) – The governors of New York and New Jersey said on Monday their states were showing tentative signs of a “flattening” of the coronavirus outbreak, but they warned against complacency as the nationwide death toll topped 10,000 and the number of cases reached 350,000. New York Governor......
Reuters - Business

Alaska’s RavnAir bankruptcy while awaiting government aid shows regional airlines’ challenges

Reuters
WASHINGTON/CHICAGO (Reuters) – RavnAir Group, the largest regional carrier in Alaska, filed for bankruptcy on Sunday and grounded all of its 72 planes, saying it was clear that government aid would not arrive before it ran out of cash in the midst of an “astonishing” decline in bookings and revenue......
Reuters - Business

Governor Cuomo sees signs of pandemic ‘flattening’ in New York

Reuters
NEW YORK (Reuters) – New York Governor Andrew Cuomo on Monday cited tentative signs the coronavirus outbreak was “flattening” in his state but warned against complacency as the U.S. death toll topped 10,000 and the number of cases reached 350,000. New York reported 4,758 coronavirus-related deaths as of Monday, an......
Reuters - Business

With hospitals stressed, U.S. enters ‘peak death week’ in coronavirus crisis

Reuters
WASHINGTON (Reuters) – The United States entered what an official called the “peak death week” of the coronavirus on Monday while a watchdog report said hospitals were struggling to maintain and expand capacity to care for infected patients. The U.S. death toll, which topped 10,000 on Monday, was rapidly closing......
Reuters - Business

White House considering U.S. Treasury coronavirus bond: Kudlow

Reuters
FILE PHOTO: White House National Economic Council Director Larry Kudlow talks with media during a break in a meeting to wrap up work on coronavirus economic aid legislation to prevent the spread of coronavirus disease (COVID-19) in Washington, U.S., March 21, 2020. REUTERS/Mary F. Calvert WASHINGTON (Reuters) – White House......
Reuters - Business

Wall Street opens higher on coronavirus slowdown hopes

Reuters
A man crosses a nearly deserted Nassau Street in front of the New York Stock Exchange (NYSE) in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, New York, U.S., April 3, 2020. REUTERS/Mike Segar (Reuters) – U.S. stocks opened higher......
Reuters - Business

Uber connects out-of-work U.S. ride-hail drivers to delivery, production jobs

Reuters
(Reuters) – Uber Technologies Inc said on Monday its app will list job openings in the delivery, food production and grocery industry that can be accessed by its U.S. drivers who have been hit by a slump in ride-hailing demand due to the coronavirus. FILE PHOTO: An Uber sticker is......
Reuters - Business

U.S. banks to defend dividend payments in stress tests: FT

Reuters
FILE PHOTO: The U.S. Federal Reserve Building is pictured in Washington, March 18, 2008. REUTERS/Jason Reed/File Photo NEW YORK (Reuters) – U.S. banks are expected to defend their dividend payments when they submit their annual capital plans to the Federal Reserve on Monday for the upcoming stress tests, the Financial......
Reuters - Business

Single passenger flights: The daily woes of airlines, and the crew still working

Reuters
(Reuters) – When Reuters photographer Carlos Barria boarded American Airlines flight 4511 from Washington Reagan National Airport to New Orleans on Friday for an assignment, he was the only passenger on the 76-seat jet. A flight attendant waits for the departure of a one-passenger flight between Washington and New Orleans......
Reuters - Business

The watchdogs overseeing the $2.3 trillion U.S. bailout

Reuters
WASHINGTON (Reuters) – 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? FILE PHOTO: An empty street is seen during the outbreak of the coronavirus disease (COVID-19) in Brooklyn, New York City, U.S., March......

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