San Francisco Fed President Mary Daly on Tuesday said she believes the U.S. is probably already in recession, as millions of people lose their jobs and stay at home in order to bring a quicker end to the pandemic that has sickened tens of thousands in the U.S. alone....
President Donald Trump is holding a call with seven of 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.
J. C. Penney Co Inc said on Tuesday it would furlough a majority of its hourly staff and salaried associates next month, the latest U.S. retailer looking to weather the financial strain from store closures due to the coronavirus pandemic.
NEW YORK: American Airlines became the first US carrier to announce it will request federal aid under the just-approved relief package, saying it will apply for US$12 billion as it attempts to survive a global downturn sparked by the coronavirus pandemic. The US carrier has seen its business ......
JP Morgan Chase & Co told employees on Tuesday it is changing its customer complaint system and how staff choose which customers are eligible for certain banking products after the New York Times reported allegations of racial discrimination against black customers at the bank last year.
WASHINGTON: The FBI has failed to properly maintain supporting documentation when seeking surveillance warrants, raising questions about the factual underpinnings of the warrant applications and violating the bureau's own internal procedures, the Justice Department watchdog said on Tuesday in a new ...
REUTERS: Group video chat app Houseparty offered a reward of US$1 million for evidence of what it said was a smear campaign against the company as it fought to quash claims that the app was stealing data from others installed on the same smartphone. Hundreds of tweets have surfaced...
Southwest Airlines Co said Tuesday it will cut more than 40per cent of flights from May 3 through June 5 amid a sharp decline in travel demand from the coronavirus pandemic.
Last week's record-setting US jobless claims number will be quickly surpassed, economists and state officials predict, as local labour offices digest a pile of pending applications, and the new stimulus bill extends benefits to the self-employed.
SINGAPORE: Home owners facing financial pressure amid the COVID-19 outbreak will soon be able to apply to defer repayments for their residential property loans until Dec 31 this year. This option applies to either the principal payment, or both the principal and interest payments. Interest will ...
