Jobless Americans to see extra payments as soon as this week
WASHINGTON (Reuters) - Americans who have lost their jobs due to the coronavirus outbreak will start getting enhanced jobless benefits as soon as this week as states deploy hundreds of billions of dollars in federal aid, state officials said on Tuesday.
Trump administration seeks $250 billion more in aid for small U.S. businesses: Mnuchin
WASHINGTON (Reuters) - The Trump administration on Tuesday asked Congress for an additional $250 billion in emergency economic aid for small U.S. businesses reeling from the coronavirus pandemic, as Senate Majority Leader Mitch McConnell pushed for passage as soon as Thursday.
Asian shares step back, oil rebounds in volatile trade
SYDNEY/WASHINGTON (Reuters) - Asian stocks stepped back on Wednesday after two sessions of sharp gains as investors turned wary on getting too optimistic about the coronavirus while death tolls were still mounting across the globe.
Wall Street volatility raises fears of another selloff
(Reuters) - The evaporation of a rally on Wall Street in the closing minutes of Tuesday's session shows that many investors fear the U.S. stock market is in danger of a renewed tumble due to uncertainty surrounding the coronavirus pandemic.
Trump says $70 billion in coronavirus rescue loans authorized. But where's the cash?
WASHINGTON (Reuters) - Roughly $70 billion of a $350 billion pot of loans to cover the payrolls of ailing small businesses have been originated by U.S. lenders in recent days, President Donald Trump said on Tuesday, adding that that money was "essentially loaned."
White House looks to bolster small business lending program
WASHINGTON (Reuters) - The White House hopes Congress will nearly double the size of its program to support ailing small businesses by the end of the week, as some of the nation's largest lenders still sit on the sidelines and others remain unable to access the system.
Oil prices jump on hopes for OPEC, Russia meeting on output cuts
SEOUL (Reuters) - Oil bounced back on Wednesday, with U.S. crude jumping over $1, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid the coronavirus pandemic.
Small U.S. businesses were already struggling. Then coronavirus hit
(Reuters) - Many small businesses were struggling with funding shortfalls and financial challenges even before the coronavirus pandemic hit, leaving them with little cash on hand to weather the slowdown caused by the virus, according to data released by the Federal Reserve on Tuesday.
Boeing making new 737 MAX software updates to address computer issue
WASHINGTON (Reuters) - Boeing Co
said late on Tuesday it will make two new software updates to the 737 MAX's flight control computer as it works to win regulatory approval to resume flights after the jet was grounded following two fatal crashes in five months.
Nissan's China sales drop 44.9% in March due to virus
BEIJING (Reuters) - Japanese automaker Nissan <7201.T> said on Wednesday its sales in China fell 44.9% from a year earlier to 73,297 units in March, as the coronavirus epidemic continues to hit the world's biggest car market.