Asia

Asia shares rise on more stimulus hopes but dollar loses steam

9 days ago   |   By Reuters

Asian stocks rose on Friday as investors wagered policymakers will roll out more stimulus measures to combat the coronavirus pandemic after U.S. unemployment filings surged to a record.
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JCT: Coronavirus aid bill to cut taxes by $591B over 10 years

JCT: Coronavirus aid bill to cut taxes by $591B over 10 years

9 days ago   |   By Stl Today

The coronavirus financial rescue package the House will take up Friday would save U.S. households and businesses nearly $1 trillion in taxes this year, though companies would have to pay a chunk of that back starting in 2021. The Joint...
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Airline workers optimistic as House votes Friday on $58 billion coronavirus relief bill

Airline workers optimistic as House votes Friday on $58 billion coronavirus relief bill

9 days ago   |   By Stl Today

Georgina Felix stayed up until midnight Wednesday, glued to the TV in her Cooper City home, awaiting results of the Senate vote on a $2 trillion relief bill. In it is $58 billion in financial assistance for U.S. airlines gutted...
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Show Me the Relief Money - No Promises On When Coronavirus Checks Are Coming

Show Me the Relief Money - No Promises On When Coronavirus Checks Are Coming

9 days ago   |   By NPR

Under the plan, single people earning incomes below $75,000 will receive as much as $1,200. The White House says it will issue funds in three weeks but experts say it could take months for some. (Image credit: Xinhua News Agency/Getty Images)
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Show Me the Relief Money - No Promises On When Coronavirus Checks Are Coming

Show Me the Relief Money - No Promises On When Coronavirus Checks Are Coming

9 days ago   |   By NPR

Under the plan, single people earning incomes below $75,000 will receive as much as $1,200. The White House says it will issue funds in three weeks but experts say it could take months for some. (Image credit: Xinhua News Agency/Getty Images)
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U.S. House sets Friday debate for coronavirus aid bill

9 days ago   |   By Reuters

The U.S. House of Representatives will begin a two-hour debate on a sweeping, $2.2 trillion coronavirus aid bill at 9 a.m. on Friday but it was not clear whether the measure would be able to pass on a voice vote, the House Majority Leader's office said late on Thursday.
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U.S. House leaders determined to pass $2.2 trillion coronavirus bill

9 days ago   |   By Reuters

Leaders of the U.S. House of Representatives are determined to pass a $2.2 trillion coronavirus relief bill on Friday, or at the very latest on Saturday, hoping to provide the quickest help possible as deaths mount and the economy reels.
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U.S. egg prices hit record levels as pandemic buying boosts demand

9 days ago   |   By Reuters

Increased demand for eggs in the United States has sent egg prices soaring in recent weeks as consumers scramble to stock up on staples due to coronavirus shutdowns.
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Asia stocks rise on bets of more stimulus as dollar rally fades

9 days ago   |   By Reuters

Asian stocks rose on Friday as investors wagered policymakers will roll out additional stimulus measures to combat the coronavirus pandemic after U.S. unemployment filings surged to a record.
Read more ...

 

BTS To Reschedule North American ‘Map Of The Soul' Tour Dates Due To Coronavirus

9 days ago   |   By Forbes

The North American leg of BTS's 2020 'Map of the Soul' world tour will be rescheduled, the act announced shortly after the U.S. became the world's leader in reported COVID-19 cases.
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UTC, Raytheon deal wins U.S. antitrust approval, with divestitures

9 days ago   |   By Reuters

The U.S. Justice Department has approved United Technologies Corporation's planned merger with Raytheon Co , subject to conditions, the agency said on Thursday.
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New U.S. Unemployment Growth Presents Special Problems For Foreign Workers

9 days ago   |   By Forbes

There is little doubt that the outbreak of the coronavirus is having a devastating impact on the U. S. economy, and in turn on the hiring of foreign workers coming to the United States.
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Congress Approved The $2 Trillion Relief Package. When Can I Expect My Check?

9 days ago   |   By NPR

Under the plan, single people earning incomes below $75,000 will receive as much as $1,200. The White House says it will issue funds in three weeks but experts say it could take months for some.
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Virus relief package could help Trump, Kushner businesses

9 days ago   |   By Chron

WASHINGTON - The $2 trillion legislative package moving through Congress to shore up the U.S. economy devastated by the coronavirus was carefully written to prevent President Donald Trump and his family from profiting from the federal fund. But the fine print reveals that businesses owned by Trump and his family still may be eligible for some assistance.
The massive relief fund, rushed through the Senate and expected to soon be passed by the House, includes language inserted by Democrats that explicitly prevents Trump, who did not divest from his company before taking office, from using...
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Congress Approved The $2 Trillion Relief Package. When Can I Expect My Check?

9 days ago   |   By NPR

Under the plan, single people earning incomes below $75,000 will receive as much as $1,200. The White House says it will issue funds in three weeks but experts say it could take months for some.
Read more ...

 

Coronavirus relief bill: What it means for business

9 days ago   |   By NY Times

The $2 trillion aid package is expected to save jobs and bail out companies, but it reorders the relationship between government and private industry.
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Coronavirus relief bill: What it means for business

9 days ago   |   By NY Times

The $2 trillion aid package is expected to save jobs and bail out companies, but it reorders the relationship between government and private industry.
Read more ...

 

U.S. House leaders plan to pass $2.2 trillion coronavirus bill Friday

9 days ago   |   By Reuters

U.S. House Speaker Nancy Pelosi said she expected the chamber to pass an estimated $2.2 trillion coronavirus relief bill when it meets on Friday, after the Senate overwhelmingly approved the unprecedented economic rescue legislation on Wednesday evening.
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‘I'll do whatever I have to do!' Trump brandishes tariff baton demanding...

‘I'll do whatever I have to do!' Trump brandishes tariff baton demanding ‘illegal OPEC cartel' save US oil jobs

Calling on Russia and Saudi Arabia to urgently resolve the global oil output glut crisis, President Donald Trump said he will do whatever it takes (apparently except for... Read more ...

Trump says he 'may take' hydroxychloroquine, even though there's no evidence...

Trump says he 'may take' hydroxychloroquine, even though there's no evidence it's effective or safe to prevent or treat coronavirus

President Donald Trump said Saturday he "may take" hydroxychloroquine, apparently to prevent the coronavirus, though there is no evidence the drug is safe or effective for that... Read more ...

I flew on one of the few remaining flights during the coronavirus pandemic...

I flew on one of the few remaining flights during the coronavirus pandemic, and it was unlike anything I'd ever seen

Domestic air travel has come to a near standstill amid the coronavirus outbreak sweeping across the United States. But there are still a handful of of flights available for... Read more ...

Saudi Arabia uses low oil prices to force US to cut shale production, but...

Saudi Arabia uses low oil prices to force US to cut shale production, but damage to all countries may prompt talks

A fall in oil prices intensified by Saudi Arabia's actions has dealt a deadly blow to US shale oil companies, but “counterproductive” measures that harm all oil producers may... Read more ...

New York Gov. Cuomo says he expects the peak of the coronavirus outbreak to...

New York Gov. Cuomo says he expects the peak of the coronavirus outbreak to hit in the 'seven-day' range as cases skyrocket

New York Gov. Cuomo said he expects the peak of coronavirus cases in the state in the "seven-day" range, though he said the state isn't yet prepared for the pressure on the... Read more ...

Australians have been advised not to wear face masks if they aren't infected...

Australians have been advised not to wear face masks if they aren't infected by COVID-19

Australia's deputy chief medical officer Paul Kelly told Australians that they shouldn't wear face masks. That's partially due to the short supply of face masks in the health... Read more ...

Here's why the depleted cruise line industry will be one of the biggest...

Here's why the depleted cruise line industry will be one of the biggest losers of the new $500 billion corporate bailout program

The $2 trillion stimulus package contained a substantial pot of money for bailouts of large corporations and businesses. But the cruise line industry will be left out since the... Read more ...

The Coronavirus Economy: How my job as a cosmetic dermatologist has changed

The Coronavirus Economy: How my job as a cosmetic dermatologist has changed

Subscribe to Fortune' s Outbreak newsletter for a daily roundup of stories on the coronavirus and its impact on global business. As one of the most in-demand cosmetic... Read more ...

A week in the life of a night nurse treating coronavirus patients in New...

A week in the life of a night nurse treating coronavirus patients in New York City's top hospital, where she says space is running out for patients and nurse staffing is starting to run thin

One New York City nurse shared her experience treating patients positive for COVID-19, some in critical condition. New York state had over 100,000 coronavirus cases as of April... Read more ...

These 7 charts show how brutal the March jobs report was, and signal further...

These 7 charts show how brutal the March jobs report was, and signal further economic pain ahead

The March jobs report surprised economists as it showed that the US economy lost 701,000 jobs last month compared to the 100,000 expected . The report also didn't include the... Read more ...