Sales of new U.S. single-family homes fell in February after surging in the prior month, and could decline further because of the coronavirus pandemic, which is boosting unemployment and severely disrupting economic activity.
The interest rate some banks pay to account holders is now near rock bottom. However, there are several top-yielding savings accounts and certificates of deposit still out there.
Global airlines urged governments on Tuesday to speed up bailouts to rescue the air transport industry as they doubled their estimate of 2020 revenue losses from the coronavirus crisis to more than $250 billion.
Britain has told airlines that state investment to help them survive the coronavirus crisis will only be considered once they have looked at the possibility of raising capital from existing investors, a person familiar with the situation said.
Refiner Phillips 66 on Tuesday cut its 2020 spending forecast by about 18% and assured investors their dividend was secure even as the coronavirus outbreak and a price war between Saudi Arabia and Russia threaten the oil market with massive oversupply.
Italian-U.S. car giant Fiat Chrysler has confirmed plans to produce a million face masks a month and said it will distribute them to emergency services in North America to help the fight against coronavirus.
Ford Motor Co said on Tuesday it was working with General Electric's healthcare unit and 3M Co to speed up production of ventilators for patients and respirators for healthcare workers during the coronavirus outbreak.
A return to basics, including stocking your emergency fund and learning to DIY so you can save on expenses, could be the best ways to get through the coronavirus pandemic.
Citigroup Inc said on Tuesday it will temporarily shutter up to 15% of its U.S. branches amid the coronavirus outbreak.
Hispanic-owned businesses in the U.S. have been growing at a pace 15 times the national growth rate and has sustained this trend over the last decade.
Amazon.com Inc's India unit on Tuesday said it will halt orders for non-essential products in India to prioritize customers' critical needs at a time when much of the country is under lockdown to prevent the spread of coronavirus.
Cannabis sales are touching new highs as customers across the United States and Canada stockpile weed to prepare for long spells of isolation because of the coronavirus pandemic.
Coca-Cola's India unit said on Tuesday it has temporarily suspended production at its manufacturing facilities across the country following widespread lockdowns to halt the spread of coronavirus.
The dollar fell broadly on Tuesday after the U.S. Federal Reserve on Monday committed to buy an unlimited amount of bonds and as investors were optimistic the American government would pass a stimulus package to offset the economic impact of the coronavirus pandemic.
Wild swings in asset prices have thrown a spotlight on liquidity in corners of the $4.4 trillion market for U.S. exchange-traded funds, which have played a key role for investors in Wall Street's coronavirus-fueled sell-off.