Hertz Global Holdings Inc. is negotiating with its creditors for a loan to bolster operations after months of funding itself during bankruptcy, according to people with knowledge of the talks.
September 22, 2020Coronavirus News Updates
Powell, Mnuchin Voice Optimism but Back More Economic Aid
Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Sept. 22 that the U.S. economy is rebounding from the pandemic-induced recession with federal support but that more help from the government is likely needed.
September 22, 2020Walmart Expands Drone Program With COVID-19 Test-Kit Delivery
Walmart Inc. will test using drones to drop COVID-19 diagnostic kits at customers’ homes, the retailer’s latest move in the pandemic-fueled arena of contactless deliveries.
September 22, 2020US Stimulus Prospects Darken With Strains Over Supreme Court
The eruption of a partisan battle over replacing Supreme Court Justice Ruth Bader Ginsburg damaged already-slim prospects for another round of U.S. fiscal stimulus, threatening to undermine the recovery in the coming months.
September 21, 2020Stocks Hit Six-Week Low as Tech Slide Accelerates
Technology shares pushed U.S. stocks to a six-week low as investors searched for new catalysts to give direction to global markets. The dollar strengthened and Treasuries were little changed.
September 18, 2020Canada Extends US Border Restrictions to Oct. 21
Canada is extending the agreement to keep the U.S. border closed to nonessential travel to Oct. 21 during the coronavirus pandemic.
September 18, 2020Pelosi Says Stimulus May Have to Include Airlines, Restaurants
House Speaker Nancy Pelosi said she’s willing to negotiate on some Democratic priorities for a stimulus package to include aid for industries such as airlines and restaurants that are continuing to struggle amid the coronavirus pandemic.
September 18, 2020US Consumer Sentiment Climbs to Six-Month High in September
U.S. consumer sentiment increased more than expected in early September to a six-month high as Americans grew more upbeat about the economy’s prospects.
September 18, 2020White House Supports More Airline Aid, Meadows Says
President Donald Trump would support narrow legislation to provide more financial aid to airlines, White House Chief of Staff Mark Meadows said after meeting with industry executives Sept. 17.
September 17, 2020US Jobless Claims Resume Drop in Sign of Gradual Improvement
The number of Americans applying for jobless benefits resumed its decline, signaling a gradual improvement in the battered labor market.
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