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 the $2.3 trillion coronavirus aid
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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 Martin Terminal High Altitude Area
FILE PHOTO: A United Airline Airbus A320-200 aircraft lands at O’Hare International Airport in Chicago, Illinois, U.S., April 11, 2017. REUTERS/Kamil Krzaczynski CHICAGO (Reuters) – United Airlines Holdings Inc said on Tuesday it was temporarily, but significantly, reducing daily flying in and out of Los Angeles and San Francisco airports to better match demand that
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’ lives will be drastically different,
FILE PHOTO: A Cineworld cinema logo is pictured in Canary Wharf in London, Britain, March 11, 2020. REUTERS/Keith Weir/File Photo (Reuters) – British cinema operator Cineworld (CINE.L) said on Tuesday it has shut all its 787 cinemas across 10 countries due to the coronavirus pandemic and that it was in talks with its lenders for
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 Cuomo said coronavirus-related deaths statewide
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, now at more than 9,600, was rapidly closing in on Italy and Spain,
HONG KONG (Reuters) – HSBC (HSBA.L) shareholders in Hong Kong are considering calling for an extraordinary meeting with management and taking possible legal action against the bank’s decision to scrap dividend payments. FILE PHOTO: HSBC logo is seen on a branch bank in the financial district in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File
(Reuters) – American Airlines Group Inc (AAL.O) said late Sunday it would suspend more flights in and out of New York City’s three main airports for about a month, joining other airlines that have cut flights to the area following a spike in coronavirus cases. FILE PHOTO: A member of a ground crew walks past
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 Times reported on Sunday, citing
(Reuters) – The managers at Green Circuits — a small Silicon Valley electronics factory — thought they would have to close when the San Francisco Bay Area directed non-essential businesses to shut almost three weeks ago. A masked worker moves a cart at Green Circuits as the company, an essential business, adapts to operating during
(Reuters) – United Airlines (UAL.O) said late Saturday it will drastically reduce flights to two New York City airports amid the coronavirus outbreak. FILE PHOTO: United Airlines passenger jets taxi with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren United said starting Sunday it
U.S. President Donald Trump answers a question during the daily coronavirus task force briefing at the White House in Washington, U.S., April 4, 2020. REUTERS/Joshua Roberts WASHINGTON (Reuters) – President Donald Trump said on Saturday he would put tariffs on imports of crude oil or take other measures if he has to protect energy workers
Mexico’s President Andres Manuel Lopez Obrador speaks during a news conference at National Palace in Mexico City, Mexico April 1, 2020. Mexico’s Presidency/Handout via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Saturday called on
CAIRO (Reuters) – The Saudi energy minister on Saturday rejected Russia’s remarks that the kingdom withdrew last month from a deal to cut output. Prince Abdulaziz bin Salman was responding to comments made by his Russian counterpart on Friday, according to a statement carried by Saudi state news agency SPA. “The Russian Minister of Energy
NEW YORK (Reuters) – 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. FILE PHOTO: A man wears a protective mask as he walks on Wall Street
FILE PHOTO: U.S. President Donald Trump gestures with Jerome Powell, his nominee to become chairman of the U.S. Federal Reserve at the White House in Washington, U.S., November 2, 2017. REUTERS/Carlos Barria (Reuters) – Federal Reserve Chair Jerome Powell had two previously undisclosed phone calls with U.S. President Trump in February, calendars released on Friday
(Reuters) – U.S. stock index futures fell on Friday, with investors awaiting data on non-farm payrolls and business activity to assess the extent of the economic hit from the coronavirus. FILE PHOTO: The floor of the New York Stock Exchange. New York, U.S., March 20, 2020. REUTERS/Lucas Jackso Wall Street gained about 2% on Thursday
SYDNEY/WASHINGTON (Reuters) – International seat capacity has dropped by almost 80% from a year ago and half the world’s airplanes are in storage, new data shows, suggesting the aviation industry may take years to recover from the coronavirus pandemic. FILE PHOTO: A British Airways plane taxis past tail fins of parked aircraft to the runway
(Reuters) – Tesla Inc (TSLA.O) said on Thursday production and deliveries of its Model Y sport utility vehicle was significantly ahead of schedule, as the company delivered the highest number of vehicles in any first quarter to date. FILE PHOTO: Tesla Inc CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program
FILE PHOTO: NYSE-AMEX Options floor traders from TradeMas Inc. work in an off-site trading office built when the New York Stock Exchange (NYSE) closed, due to the outbreak of the coronavirus disease (COVID-19), in the Brooklyn borough of New York City, U.S., March 26, 2020. REUTERS/Brendan McDermid (Reuters) – U.S. stocks index futures gave up
DUBAI (Reuters) – Walt Disney Co’s (DIS.N) Disney+ content will be available for the first time in the Middle East and North Africa on regional pay television and online streaming service provider OSN from April 9. FILE PHOTO: A smartphone with displayed “Disney” logo is seen on the keyboard in front of displayed “Streaming service”
TOKYO (Reuters) – The dollar held gains on Thursday as investors rushed to the security of the world’s most liquid currency as the coronavirus pandemic caused massive disruptions to global trade. FILE PHOTO: One hundred dollar notes are seen in this photo illustration at a bank in Seoul, South Korea, January 9, 2013. REUTERS/Lee Jae-Won/Illustration/File
BRUSSELS (Reuters) – With the euro zone economy in need of help from the coronavirus pandemic, officials have until April 9 to design a package that satisfies members with completely opposing views: those calling for joint debt issuance and those fiercely against it. FILE PHOTO: European Central Bank (ECB) President Christine Lagarde attends a Euro
LONDON (Reuters) – The world’s biggest oil and gas companies are cutting spending this year following a collapse in oil prices driven by a slump in demand because of the coronavirus crisis and a price war between top exporters Saudi Arabia and Russia. FILE PHOTO: The sun is seen behind a crude oil pump jack
NEW YORK (Reuters) – Asian shares faced another leg lower on Wednesday as the coronavirus sharply slows global growth, leading a gauge of world stocks to post its biggest quarterly decline in more than a decade and oil prices to trade near lows last seen in 2002. FILE PHOTO: A pedestrian wearing a face mask
U.S. President Donald Trump unboxes a coronavirus testing kit during the daily coronavirus response briefing in the Rose Garden at the White House in Washington, U.S., March 30, 2020. REUTERS/Tom Brenner WASHINGTON (Reuters) – President Donald Trump has signed off on a plan to defer U.S. tariffs for most-favored nations for three months, according to
LONDON (Reuters) – British aero-engine maker Rolls-Royce (RR.L) will likely have to slash its 2020 cash flow target after airline customers parked hundreds of planes due to the coronavirus pandemic, analysts said. FILE PHOTO: A Rolls-Royce logo is seen at the company’s aerospace engineering and development site in Bristol, Britain, December 17, 2015. REUTERS/Toby Melville/File
FILE PHOTO: The corporate logo of WPP is seen in this picture from 2018, obtained July 12, 2019. WPP/Handout via REUTERS LONDON (Reuters) – WPP (WPP.L), the world’s biggest advertising company, said it was pulling its dividend and share buyback, and withdrawing its guidance for 2020 after it saw an increasing number of cancelations from
(Reuters) – Airbnb said on Monday it was allocating $250 million to help offset losses by hosts around the world whose guests have canceled bookings in the face of the coronavirus pandemic, following its announcement earlier this month that guests could get full refunds for certain reservations. FILE PHOTO: Airbnb logo is seen in front
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