Allianz chief economic adviser Mohamed El-Erian on what the Federal Reserve is doing to combat the negative impact of coronavirus. The world’s nearly $9 trillion pile of negative-yielding debt got a little bigger this week as returns on 1-month and 3-month Treasury notes fell below zero for the first time since […]
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Dollar stores raise pay during coronavirus crisis
Dollar Tree CEO Gary Philbin on temporarily increasing worker pay, dedicated special hours to senior citizens and others who are susceptible to the coronavirus and supply chains. Dollar Tree and Family Dollar stores are rewarding dedicated employees by temporarily raising pay for hourly and distribution center workers amid increased shopper […]
Ford aims to reopen some North American plants in April after coronavirus shutdown
FOX Business’ Grady Trimble on how automakers, like Ford and GM, are helping fight coronavirus. (Reuters) – Ford Motor Co said on Thursday it planned to restart production at some plants in North America as early as April 6, in a sign of hope for U.S. automakers as the industry grapples with the […]
Stock futures trade lower on US job concerns
FOX Business’ Lauren Simonetti says a lot of Wednesday’s gains came from Boeing. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below U.S. equity futures are trading lower ahead of weekly jobless claims numbers. The major futures indexes are indicating a […]
Coronavirus pushes United Airlines to offer buyouts to US employees
Treasury Secretary Steven Mnuchin says there are very specific provisions to airlines that are still being negotiated. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below United Airlines is offering buyouts to U.S. employees as it contends with the ongoing […]
Coronavirus hits Wall Street’s bonus pool, layoffs on the table
University of Nebraska Medical Center’s Dr. Mark Rupp says he hopes one coronavirus vaccine would be sufficient should the virus reappear in the future. NEW YORK (Reuters) – Wall Street bonuses will fall roughly 30% this year, and firms are considering layoffs to preserve profits during the coronavirus recession, according […]
Coronavirus economic recovery will take ‘weeks and months, not years:’ Kudlow
Stocks rally after Senate reaches deal on stimulus; White House economic adviser Larry Kudlow weighs in. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below The number of unemployed Americans has dramatically increased this month due to the coronavirus pandemic, […]
Coronavirus puts absurdity of inflexible government regulations in sharp relief
Former NYPD Commissioner Howard Safir on how New York is working to contain the coronavirus. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Phillip Truesdell is ready, willing, and able to help with the current pandemic. Together with his […]
Coronavirus: These bruised stocks set to rally when pandemic fades
UBS Senior Portfolio Manager Jason Katz on whether coronavirus stimulus will be enough to turn markets around. The stock-market sectors hardest hit by the COVID-19 pandemic are setting up for a big rally once the virus abates, according to David Rosenberg. Continue Reading Below Airlines, hotels, casinos, advertising and restaurants have seen […]
Target settles debt collection class-action lawsuit for $2M
FOX Business’ Jackie DeAngelis discusses Target’s strategic move to open stores in wealthier areas to be more competitive in the market. A Target Corp. subsidiary will pay nearly $2.3 million to settle a class-action lawsuit filed by a Massachusetts woman who alleged it engaged in illegal debt collection practices, court […]