NEW YORK: The Dow finished sharply lower on Tuesday (Mar 31) as it suffered its worst quarterly loss since 1987 amid a broader market rout over the coronavirus outbreak. The Dow Jones Industrial Average ended the session at 21,917.16, down 410.32 points (1.84 per cent). The blue-chip index lost ......
President Donald Trump has signed off on a plan to defer U.S. tariffs for most-favored nations for three months, according to a source familiar with the decision.
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.
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.
U.S. Deputy Treasury Secretary Justin Muzinich, an architect of the sweeping 2017 Republican tax cut, is under consideration to oversee a newly created US$500 billion coronavirus rescue loan program for large companies, cities and states, two sources familiar with the agency's plans said.
President Donald Trump spoke with the biggest U.S. internet and mobile phone providers on Tuesday to talk about how the networks are holding up as tens of millions of Americans work from home.
New York City Mayor Bill de Blasio said on Tuesday he had ordered the city's human rights commissioner to investigate the dismissal of a worker at an Amazon.com warehouse who had participated in a walkout.
REUTERS: Brian Kolfage, a Florida military veteran, recently convinced Americans to donate millions of dollars for a privately built wall on the US southern border. Now he has jumped into a new venture: hawking millions of protective face masks that are in critically short supply during the ...
Brian Kolfage, a Florida military veteran, recently convinced Americans to donate millions of dollars for a privately built wall on the U.S. southern border. Now he has jumped into a new venture: hawking millions of protective face masks that are in critically short supply during the coronavirus ...
Billionaire trader Steven A. Cohen is cautioning the staff of his investment firm, Point72 Asset Management, to remain cautious amid markets that have recovered slightly from coronavirus-driven lows.
