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Fed Chair Powell spoke with Trump as virus took aim at US

Federal Reserve Chair Jerome Powell had two previously undisclosed phone calls with U.S. President Trump in February, calendars released on Friday show, including a brief call during the last week of the month when it was becoming clearer that the coronavirus would likely have more than a ...

Markets

Wall Street Weeks Ahead: Investors look to coronavirus data to support a stabilizing markets

Investors are parsing a broad range of signals, from infection counts to more traditional indicators, for clues on the trajectory markets may take in coming weeks as the pandemic caused by the novel coronavirus continues to spread.

Markets

The watchdogs overseeing the US$2.3 trillion US bailout

Who's watching over the U.S. government's largest bailout in history - the US$2.3 trillion in fiscal stimulus to fight the economic impact of the coronavirus?

Markets

Kraft Heinz says has halted three plants due to coronavirus outbreak

Kraft Heinz Co has moved to halt production at three different plants because of a decline in demand stemming from the new coronavirus outbreak, its Chief Executive Miguel Patricio on Friday said in a video presentation hosted by Brazilian retail brokerage XP Inc .

Markets

Richmond Fed’s Barkin: Employment numbers to get worse before getting better

U.S. employment numbers will get worse amid the ongoing coronavirus outbreak before getting better, Richmond Federal Reserve President Thomas Barkin said in an interview with Bloomberg News.

Markets

American Airlines applies for US payroll assistance grants

American Airlines, the largest U.S. airline, confirmed Friday it has applied to the U.S. Treasury for a chunk of the US$25 billion payroll assistance grants approved by Congress last week.

Markets

Global currency funds notch wins amid coronavirus volatility

Global currency fund managers racked up gains in the first quarter as they benefited from the extreme volatility that the coronavirus pandemic has stoked across financial markets.

Markets

JPMorgan says now accepting applications for federal loan program

JPMorgan Chase & Co , the largest U.S. lender by assets, started accepting at Friday midday applications for loans from the federal government's paycheck protection program, according to a post on the bank's website.

Markets

Trump says Bank of America, others doing ‘great job’ on small-business loans

President Donald Trump hailed one of the country's largest banks, as well as many small lenders, for making small business emergency loans on the first day of a new U.S. coronavirus economic relief program.

Markets

Two US state AGs seek info on Zoom’s privacy practices

At least two U.S. state attorneys have sought information from Zoom Video Communications Inc following multiple reports that questioned the privacy and security of the video-conferencing app.

Markets

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