Coronavirus News Updates

Business

Hertz Weighs Plans From Two Creditor Groups for Bankruptcy Loan

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, 2020
Government, Business

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, 2020
Business, Technology, Logistics

Walmart 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, 2020
Government, Business

US 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, 2020
Government, Business, Technology

Stocks 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, 2020
Government, Business, Logistics

Canada 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, 2020
Government, Business, Safety

Pelosi 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, 2020
Government, Business, Safety

US 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, 2020
Government, Business

White 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, 2020
Government, Business

US 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.

September 17, 2020