Fed mounts aggressive new steps to combat coronavirus hit to economy

Washington DC, March 23, 2020 - The U.S. Federal Reserve on Monday said it would begin backstopping an unprecedented range of credit for households,...

Singapore Air’s ‘greatest challenge’ prompts cuts affecting 10,000 staff

Singapore, March 23, 2020 - Singapore Airlines (SIA) will cut capacity by 96%, ground almost its entire fleet and impose cost cuts affecting about...

CVS to hire 50,000 employees for coronavirus assistance

New York, March 23, 2020 - Drugstore chain CVS Health Corp said on Monday it was hiring 50,000 employees across the United States to...

Income tax filing deadline moved to July 15 from April 15

Washington DC, March 20, 2020 — Treasury Secretary Steven Mnuchin says the Trump administration has decided to push the income tax filing date to...

President Trump wants to send Americans $1,000 checks to cushion virus economic shock

Washington DC, March 17, 2020 - President Donald Trump announced a plan on Tuesday to send money to Americans immediately to ease the economic...

Goldman sees China’s economy shrinking 9% in first quarter amid coronavirus outbreak

Beijing-Shanghai, March 17, 2020 - Goldman Sachs said on Tuesday that China’s economy will likely shrink 9% in the first quarter, underscoring how the...

Zero rates, zero impact: Fed & co fail to calm markets

London, March 16, 2020 - Stock markets and oil prices continued to nose-dive on Monday after the second emergency cut in U.S. interest rates...

Starbucks temporarily moves to ‘to go’ model amid virus outbreak

New York, March 16, 2020 - Starbucks Corp has moved to a “to go” model in all its company-owned stores in the United States...

Factories shift operations in scramble to restock supermarket shelves

New York-Los Angeles, March 16, 2020 - With supermarkets stripped of food and many other essentials, consumer product companies halted factory runs of niche...

Fed faces headache, taps epidemiologists in hunt for policy clues

Washington DC-San Francisco, March 11, 2020 - The escalating coronavirus outbreak is giving the U.S. Federal Reserve a policy headache like never before: how...