White House weighs pushing tax deadline back to Sept. 15
To help bolster the economy, the White House is weighing a variety of measures, including the possibility of extending the tax deadline to September or even December.
To help bolster the economy, the White House is weighing a variety of measures, including the possibility of extending the tax deadline to September or even December.
Harley-Davidson Inc on Thursday appointed board member and turnaround specialist Jochen Zeitz to the role of chief executive officer, as the struggling motorcycle maker looks to tap into his expertise to woo customers and revive sales.
Michigan Governor Gretchen Whitmer on Thursday is expected to announce that the state's factories can reopen soon, removing one of the last major obstacles to North American automakers bringing thousands of laid-off employees back to work amid the coronavirus pandemic, two people familiar with the plans said.
Bubble-like tech stocks remain among the biggest winners this year, and their strength has pushed the Nasdaq Composite into positive territory on Thursday.
Virgin Atlantic's planned 3,150 job cuts will show the airline is taking "self-help" measures and help it to win financial support from either the British government or a private sector investor, an internal memo to pilots seen by Reuters said.
The Small Business Administration has sharply curtailed the Economic Injury Disaster Loan program, limiting new applicants to only agricultural businesses and capping max loan amounts at $150,000, down from $2 million, according to reports.
JetBlue Airways Corp on Thursday posted a $268 million quarterly loss as the coronavirus pandemic hurt air travel demand, and cut its order book with Airbus SE by about 34% through 2022 to save $1.1 billion in aircraft spending.
World shares rose on Thursday after Chinese exports proved far stronger than expected, while the U.S. dollar climbed to two-week highs on its safe-haven status after another report showed millions more Americans took unemployment aid.
Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic.
Wall Street gave a resounding vote of confidence to ride-hailing stocks ahead of Uber's results on Thursday, after Lyft indicated a recovery in demand and lower costs as rising unemployment creates more supply of drivers than jobs in the market.
U.S. stocks jumped on Thursday as an upbeat outlook from PayPal and a surprise rise in Chinese exports raised hopes of a faster economic recovery from what is expected to be a deep coronavirus-led recession.
New York Gov. Andrew Cuomo extended the moratorium on evictions through August. The state has been the epicenter of the coronavirus pandemic.
The U.S. agency that enforces laws prohibiting disability discrimination said on Thursday that employers must try to accommodate workers with medical conditions that make them vulnerable to the novel coronavirus before sending them home.
"I have felt not to get bullish on a vaccine until Fauci said, 'Get bullish,'" said CNBC's Jim Cramer, suggesting the White House advisor's positive comments may be that bullish call.
Liberty Global and Telefonica have agreed to merge their British businesses in a $38 billion deal that will create a powerhouse in mobile and broadband to take on market leader BT .