Reuters: Business News

U.S. senator to liquidate individual stock shares after 2020-04-08 22:12:01U.S. Senator Kelly Loeffler said on Wednesday she would liquidate her individual stock share positions after the wealthy Republican and her husband we

Exxon used economic uncertainty to push for Paulsboro, 2020-04-08 21:57:30Exxon Mobil Corp used economic uncertainty tied to the coronavirus pandemic to urge workers at its lubricants and packaging plant in Paulsboro, New J

Exclusive: Airbnb to restrict bookings on its platform 2020-04-08 21:28:17Home rental firm Airbnb will block British bookings on its platform for the vast majority of customers on Thursday, allowing only key workers to stay

Mexican president lashes out at companies over layoffs, 2020-04-08 21:24:44Mexico's president threw himself into a new confrontation with businesses on Wednesday, accusing big companies of not paying taxes and upbraiding oth

Crude futures climb ahead of OPEC+ meeting 2020-04-08 21:00:16Crude futures rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the i

Risk currencies buoyed by cautious hopes pandemic is 2020-04-08 20:52:25Risk-sensitive currencies climbed on Thursday on budding optimism the coronavirus pandemic may be peaking although the euro was dented by the European

Mexico auto sector to resume operations once U.S. 2020-04-08 20:16:49Mexican President Andres Manuel Lopez Obrador said on Wednesday the domestic auto sector can resume operations shortly after the U.S. industry gears u

Russia, Saudi to debate oil output cuts as 2020-04-08 20:11:23OPEC and Russia meet on Thursday to try to agree to record oil output cuts but their efforts to address the slump in prices wrought during the coronav

Asia shares set to follow Wall Street's rally 2020-04-08 20:00:38Asian shares were poised to track Wall Street's gains on Thursday on hopes the coronavirus pandemic is nearing a peak and that governments would roll

U.S. senators question Amazon CEO about firing of 2020-04-08 19:55:32Five Democratic lawmakers on Wednesday wrote Amazon.com Inc to raise concern about its firing of a worker who protested warehouse operations during th

After pandemic, Fed policymakers see slow U.S. recovery 2020-04-08 19:49:44The U.S. economy is set for a deep slide in coming months with the coronavirus forcing businesses to shut and putting millions out of work, but Federa

Coming next from the Fed: How much for 2020-04-08 19:49:44The U.S. Federal Reserve responded fast to the coronavirus crisis with open-ended programs to keep financial markets running and ensure major companie

L.A. Times - Business

Why are eggs getting so expensive? Blame coronavirus 2020-04-08 19:43:18As shoppers rushed to grocery stores to stock up on food staples, they cleaned out egg aisles across the country. That has boosted egg prices.

On top of everything else, now property taxes 2020-04-08 16:50:48Many Californians, suddenly out of work due to the coronavirus pandemic, wonder how they will pay their property taxes by Friday.

What to do after coronavirus takes away your 2020-04-08 16:31:57Coronavirus unemployment has hit millions. Here are some resources to help. Also, what to do when your lender won't give you student loan relief.

Column: The next coronavirus rescue bill must fix 2020-04-08 16:27:11The next coronavirus stimulus must provide more money and more fixes

Actress JoBeth Williams and director John Pasquin buy 2020-04-08 14:16:30After asking $30 million for their Bel-Air abode, actress JoBeth Williams and director John Pasquin have bought a Pacific Palisades home for $9.8 mill

Auto titan's Bel-Air estate sells for $19.5 million 2020-04-08 12:30:51The longtime Bel-Air home of late automobile executive Lee Iacocca has sold for $19.5 million.

From caviar to apple juice, coronavirus is changing 2020-04-08 12:14:37The coronavirus pandemic is short-circuiting the global food supply chain, disrupting the seafood, dairy and almond industries.

Uber wants to redefine employment. More than 50 2020-04-08 11:00:01A coalition of more than 50 groups is calling on Congress to resist Uber's call for a new category of work and force on-demand gig companies to fund

Refund for an Airbnb or Vrbo stay that 2020-04-08 10:00:45Do you want your money back for the Airbnb or Vrbo you didn't to use? Of course you do. But in many cases, you may be disappointed.

Car dealers are desperate. Does that make it 2020-04-08 09:30:23Showrooms are closed, but many car dealers sell online, with delivery to your door.

Hotels and cruise ships offer to serve as 2020-04-08 08:30:20Hotels are housing the sick and first responders, but cruise ships are less suitable because of tight quarters and shared ventilation, experts say.

Historic Art Deco garage in Koreatown to be 2020-04-08 08:00:45The structure is a rare example of Art Deco style used for a garage. It will still be used to park cars but also will have amenities for apartment ten

Economy

US payrolls plunge 701,000 in March amid the 2020-04-03 09:02:42It was the first decline in payrolls since September 2010 and came close to the May 2009 financial crisis peak of 800,000.

Small businesses have 'a million questions' about paycheck 2020-04-03 08:40:37As the SBA prepares to start accepting applications for payroll relief loans on Friday, business owners are confused about the program's details.

Coronavirus could create 'a generation of supersavers' and 2020-04-03 07:52:51A generation of risk-averse supersavers could emerge from the fallout of the coronavirus crisis and potentially reshape the economy, experts have said

Jobs may not come totally back for years, 2020-04-03 07:30:10By some estimates, it will take until 2023 or even longer to bring the labor market back to where it was just week ago in February.

US jobless claims could soon exceed 8 million, 2020-04-03 06:31:39The number of weekly unemployment claims filed in the U.S. could soon exceed 8 million as the fallout from widespread shutdowns amid the coronavirus p

US weekly jobless claims double to 6.6 million 2020-04-02 10:13:09First-time claims for unemployment insurance had been expected to total 3.1 million, according to economists surveyed by Dow Jones.

These states could be hit with the biggest 2020-04-01 15:07:53When the coronavirus pandemic eventually subsides, the economic impact will be felt unevenly from one part of the country to another. The regions feel

Fed's Eric Rosengren says the central bank 'acted 2020-04-01 14:58:42The Boston Fed president still expects big hits from coronavirus on the economy, particularly employment.

Coronavirus effect could be 'far deeper than the 2020-04-01 12:44:05For most mortgage borrowers, the first of the month is payment day. This month, however, is a very different story. Millions of borrowers have either

Mnuchin says he will ask Congress for more 2020-04-01 12:18:23The $350 billion loan program aims to help small businesses cover payroll and benefits during the coronavirus pandemic.

Treasury Secretary Mnuchin says he's having ongoing discussions 2020-04-01 10:35:16The Treasury secretary told CNBC he is holding discussions with Congress about a potential infrastructure bill.

March's ISM manufacturing index is 49.1, signaling contraction 2020-04-01 10:31:06U.S. manufacturing activity contracted in March as the coronavirus outbreak continues to pressure the economy, data released Wednesday by the Institut

NYT > Economy

Fed Emergency Rate Cuts Came as Economy Turned 2020-04-08 17:51:54The Federal Reserve chair, Jerome H. Powell, and his colleagues slashed interest rates to near zero on March 15, and meeting minutes show why.

31% Can’t Pay the Rent: ‘It’s Only Going 2020-04-08 17:44:48As the economic shutdown pares tenants’ incomes, April payments have been reduced, deferred or withheld. Some landlords see their property at ri

Oil Companies Are Collapsing Due to Coronavirus, but 2020-04-08 17:30:29The renewable-energy business is expected to keep growing, though more slowly, in contrast to fossil fuel companies, which have been hammered by low o

Food Banks Are Overrun, as Coronavirus Surges Demand 2020-04-08 17:15:30Millions are flooding a charitable system that was never intended to handle a nationwide crisis.

Cruise Lines Were Shut Out of the Coronavirus 2020-04-08 16:52:30The hard-hit sector of the travel industry was left out of the $2 trillion stimulus package. Century-old tax provisions help explain what happened.

Uber and Lyft Drivers Face Hurdles to Stimulus 2020-04-08 09:49:54Gig workers seemingly eligible for unemployment pay because of the pandemic have met roadblocks to filing. Some fault Labor Department rules.

Young Adults, Burdened With Debt, Are Now Facing 2020-04-08 00:46:55Young people who entered this financial downturn with fewer resources than previous generations are enduring pain.

Federal Reserve Moves to Pump Up Small Business 2020-04-07 15:01:43The Fed announced that it would try motivating banks to make loans under the new S.B.A. program.

Carnival and Cruise Industry Scramble to Survive 2020-04-07 14:40:45Carnival and the other big companies have no revenue and face questions over whether customers will return once the threat of the coronavirus passes.

Peter Navarro Has Antagonized Multinational Companies. Now He’s 2020-04-07 11:32:18As the United States races to secure supplies to fight the coronavirus, the president’s trade adviser has been handed expansive authority over t

Airbnb Raises $1 Billion to Stockpile Cash in 2020-04-06 18:37:07The home rental company raised new funding as its business has been roiled by the coronavirus.

How Economists Are Trying to Answer Coronavirus Questions 2020-04-06 16:57:05The pandemic has prompted many in the field to focus on ways to address it and anticipate its aftermath.

Business - The Huffington

Flight Attendants Call For ‘A Halt To All 2020-04-06 13:34:11At least one flight attendant died and more than 100 have tested positive for COVID-19 so far.

Workers Don't Know Who To Turn To When 2020-04-06 11:31:15People who believe their workplaces are not essential have been begging governors, police, health departments and others to shut them down.

Leaked Video Suggests Delta Hid Sick Pilots’ Diagnoses 2020-04-03 17:06:44The lack of clear disclosure added a new layer of panic for workers whose union organizing efforts the airline is battling.

Poultry Workers Fear COVID-19 As Confirmed Cases Grow 2020-04-03 11:01:22Memos to workers at Sanderson Farms show the strain poultry workers are under during the coronavirus pandemic.

Airlines Face Pressure To Refund Customers After Taxpayer 2020-04-02 20:02:33Nine senators wrote letters this week to airline CEOs calling refunds a "moral" obligation after Congress approved a $50 billion bailout for the ind

The Coronavirus Worker Revolt Is Just Beginning 2020-04-01 16:34:16The pandemic has revealed just how poorly many companies treat their employees. Will workers continue to fight back once life goes back to normal?

Walmart To Take Employees’ Temperatures, Offer Them Masks 2020-03-31 18:22:11The retailer's latest efforts to slow the spread of the coronavirus may take weeks to go into effect -- and workers say more is needed.

Warehouse Workers' New Health Hazard: Frivolous Online Orders 2020-03-30 15:40:42Retailers see e-commerce as a way to survive the coronavirus pandemic. Their warehouse workers wonder if they'll survive it, too.

Video Shows Amazon Workers Packed Into Cafeteria Less 2020-03-30 12:47:55“Everybody’s close to each other, look,” says one employee in the video.

JoAnn Fabrics Employees Are Not Paid Enough To 2020-03-27 14:06:14The arts-and-crafts chain has refused to close all its stores. Here's an inside look at the turmoil in one location where a shopper revealed they mig

New York Times Shows Scope Of America's Job 2020-03-27 00:08:12The Times used a chart to put the 3.3 million new unemployment claims into haunting perspective.

Four Seasons Offers Free Rooms To NYC Health 2020-03-26 16:45:25Several other luxury hotels stepped up later to offer beds to medical workers in the midst of the pandemic, Gov. Andrew Cuomo said.

Home Page

Discoms obligated to pay for electricity within 45 2020-04-06 08:36:51As per the relief granted last month, the distribution companies will need to either deposit or give Letter of Credit (LoC) for 50 per cent of the cos

President, PM, MPs to take 30% salary cut 2020-04-06 08:30:57MPs' salaries will be cut for this year and funds from the Members of Parliament Local Area Development Scheme (MPLAD) for 2020-21 and 2021-22 will b

More than 25,500 Tablighi Jamaat workers quarantined for 2020-04-06 08:16:48Out of the 4,067 positive coronavirus cases in country, at least 1,445 are related to Tablighi Jamaat event in Delhi, said officials of the health and

Coronavirus LIVE: India reports 693 new cases in 2020-04-06 08:03:55Coronavirus update: The number of Covid-19 cases has reached 1,286,717 worldwide, and 70,446 people have died so far. Stay tuned to Business Standard

Prepare to slowly open depts where Covid-19 hotspots 2020-04-06 08:02:08Modi made this suggestion while chairing a meeting of the council of ministers via video-conferencing

Supply constraints to funding woes: Health start-ups in 2020-04-06 07:48:46Several have been hit by a large-scale migration of workers which has caused labour shortage. So while demand is high, supply is the pain point

Japan PM proposes state of emergency over coronavirus, 2020-04-06 07:44:41"Currently, we are seeing rapid increases of new infections particularly in urban areas like Tokyo and Osaka," said Abe

Battle against coronavirus to be long, India has 2020-04-06 05:05:20Opposition leaders, including Congress' Rahul Gandhi, have claimed the central government did not respond in time to the virus

Coronavirus: Gambhir allocates Rs 50 lakh from MPLAD 2020-04-06 04:45:03On Thursday, the cricketer-turned-politician had said that he will donate his two-year's salary to PM-CARES fund to support the battle against corona

Covid-19: Govt clears procurement of pulses by 13 2020-04-06 04:16:23MP, UP not in the list; states can buy up to 25 per cent of produce immediately

Covid-19 pulls India's service sector into contraction mode 2020-04-06 02:42:17The IHS Markit India Services Business Activity Index was at 49.3 in March, down from February's 85-month high of 57.5

To fight Covid-19, India will need 15 mn 2020-04-06 01:57:52The government conveyed the numbers to industry representatives, according to a report

Insider.pro

Social Network Twetch Improves Payment Feature with Bitcoin 2020-04-08 07:27:00 The social network has just added a new feature that allows users to make easy payments with Bitcoin SV.

Crypto Miners' Revenue Drops By 25% in March 2020-04-08 06:07:27 Crypto miners made less money in March than in February.

Jack Dorsey Donates 28% of His Fortune to 2020-04-08 04:50:20 Twitter CEO has donated almost a third of his fortune to help in the battle against the COVID-19.

Bitcoin Grows Above $7,300 2020-04-08 03:18:22 What is happening today with the largest crypto by market cap?

Paxful Adds Support for Bitcoin/Gold P2P Trading 2020-04-07 19:46:56 It is expected the addition will bridge the gap between the traditional finance world and the digital one.

Large US Crypto Miner to Lay Off Staff 2020-04-07 18:13:53 Thus, the company expects to reduce its monthly general and administrative expenses by approximately 20 to 25%.

ConsenSys to Hold Hackathon to Develop Anti-coronavirus Solution 2020-04-07 13:43:39 The event will be held on the Gitcoin platform from April 13 to May 11.

Bitfinex Rolls Out a Staking Service 2020-04-07 08:48:35 Bitfinex is the latest platform to start offering this service to its users.

Nestlé Starts Using Blockchain to Track Coffee 2020-04-07 07:41:52 The food giant has started to apply IBM's blockchain technology to another of its products.

PwC: Most Mergers and Crypto Fundraisings Take Place 2020-04-07 06:21:22 Auditing firm PwC has reported that an increasing number of mergers and fundraisings in the industry are taking place outside the United States.

One of China's Leading Mining Pools Drastically Reduces 2020-04-07 04:54:15 Baite has decided to focus on altcoins.

Bitcoin Price Reaches $7,300 2020-04-07 03:11:41 What is happening today with the largest crypto by market cap?