The New York Stock Exchange has eased its listing requirements until the end of June to take the strain off companies that may have fallen out of compliance due to the market rout spurred by the coronavirus, according to a regulatory filing.
Michael Kors owner Capri Holdings Ltd said on Monday it would furlough all its 7,000 employees in North America amid the coronavirus pandemic, as it expects to reopen its stores only after June 1.
Janet Yellen thinks the central bank is not in a position where it needs to buy equities but believes lawmakers should give the Fed more leeway for the future.
With their sales hammered by the coronavirus outbreak, car makers Fiat Chrysler and Peugeot's owner PSA have postponed their shareholder meetings and are looking at ways to boost cash reserves ahead of their planned merger.
The United States entered what an official called the "peak death week" of the coronavirus on Monday while a watchdog report said hospitals were struggling to maintain and expand capacity to care for infected patients.
The delays gaining access to SBA-backed emergency loans under the $349 billion Paycheck Protection Program are putting millions of businesses at risk of closing, threatening their employees, suppliers and communities. Major banks and community lenders are unprepared to handle the influx of applications.
World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases in some of the world's hot spots, while a delay in talks between Saudi Arabia and Russia to cut supply sent oil prices tumbling again.
As the government's $350 billion loan program gets underway, small business owners are anxiously awaiting notice from their lenders about loan approvals.
President Donald Trump said on Monday that OPEC had not pressed him to ask U.S. oil producers to reduce their output to support global prices, which have been hard-hit by the economic fallout of the coronavirus pandemic.
White House advisers have been discussing the possibility of a coronavirus-related U.S. Treasury bond, President Donald Trump's economic adviser Larry Kudlow told CNBC on Monday.
Forbes | Ron Shevlin | April 6, 2020 Microsoft and data aggregator Plaid announced a partnership to offer a service they’re calling Money in Excel. According to Plaid: “Money in Excel essentially turns the spreadsheet into a fintech app. It allows users to securely connect their financial accounts, import the data within them, sync balances
Jeff Bezos' space venture Blue Origin confirmed that two more employees in the Seattle-area have tested positive for coronavirus.
An annual gathering of the world's labour ministers will not take place this year because of the coronavirus pandemic, but will convene in June 2021, the International Labour Organization (ILO) said on Monday.
Military forces across Europe have scaled back operations and imposed stricter rules on personnel to try to stem the spread of the coronavirus among staff who often live and work in close quarters, making them more vulnerable to infection.
A tiger at the Bronx Zoo in New York City has tested positive for the respiratory disease caused by the novel coronavirus, in the first known case of a human infecting an animal and making it sick, the zoo's chief veterinarian said on Sunday.