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Updated: 4 years 29 weeks ago
Target reduces store hours to restock, clean amid virus outbreak
Target Corp said on Tuesday it would reduce store hours for cleaning and restocking, as more consumers shop at its outlets for essentials amid the coronavirus outbreak.
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Fed's Harker says central bank works to keep markets liquid amid coronavirus 'black swan' shock
Philadelphia Federal Reserve Bank President Patrick Harker said on Tuesday the global economy is reeling from the shock caused by the coronavirus, and that central bankers need to do what they can to stimulate the economy and keep markets functioning.
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Fed's Bostic flags possible further steps in Fed crisis response
The U.S. Federal Reserve is continuing to debate its next steps to expand support for the economy during the ongoing coronavirus epidemic, with broadened rules for bank lending a possibility Atlanta Federal Reserve bank president Raphael Bostic said on Tuesday.
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McDonald's, Starbucks limit dine-in service in U.S. to slow coronavirus
McDonald's Corp and Starbucks Corp have decided to close dine-in areas at many U.S. stores and shifted to take-away and delivery services, even as major cities ordered restaurants and bars closed to stop spread of the coronavirus.
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Wall Street bounces after Monday's selloff as Fed boosts liquidity
The S&P 500 rose 6% on Tuesday, a day after its steepest decline since the 1987 crash, as the Federal Reserve took further steps to boost liquidity and stem damage from the coronavirus outbreak that has gripped the global economy.
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Stay-at-home stocks soar as Wall Street rebounds
Speculative stocks that stand to benefit from social distancing during the coronavirus pandemic soared on Tuesday, lifted by a broad rebound market following Wall Street's worst day in three decades.
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Exclusive: Amazon warehouses receive only vital supplies in U.S., Europe amid coronavirus
Amazon.com Inc will only receive vital supplies at its U.S. and UK and other European warehouses until April 5, its latest move to free up inventory space for medical and household goods in high demand as a result of the coronavirus outbreak.
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FedEx suspends 2020 profit forecast due to coronavirus outbreak
FedEx Corp suspended its 2020 profit outlook on Tuesday, citing uncertainty due to the coronavirus pandemic.
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Brent crude sinks below $30/bbl as recession fears weigh
Crude oil prices settled below $30 a barrel as the coronavirus pandemic slowed economic growth and oil demand on Tuesday while Saudi Arabia and Russia kept up their battle for market share.
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Investors give thumbs down to potential shortened stock session
U.S. Treasury Secretary Steven Mnuchin's suggestion on Tuesday that the country's stock exchanges might shorten their trading hours did not go over well with investors reeling from Wall Street's worst day in three decades and growing fears about the coronavirus.
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Macy's, Hudson's Bay to temporarily close U.S. stores due to virus outbreak
Department store operators Macy's Inc and Hudson's Bay decided on Tuesday to temporarily close all its stores in the United States due to the coronavirus pandemic, but said their e-commerce sites would continue to operate.
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Norwegian Air asks for similar help to regional rival SAS
Struggling Norwegian Air needs government support similar to that which SAS received from the Danish and Swedish governments if it is to protect jobs in Norway as demand is strangled by the coronavirus outbreak.
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U.S. airlines face push-back in Congress on $50 billion bailout proposal
Some Democrats in Congress are pushing back on aspects of a proposal by major airlines seeking $50 billion in grants and loans in the face of the massive travel slowdown as a result of the coronavirus pandemic.
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CFTC provides work-from-home relief for brokers, other market players
The U.S. Commodity Futures Trading Commission on Tuesday said it has issued temporary, targeted relief to futures commissions merchants, brokers, swap dealers, and other market players in response to the coronavirus pandemic.
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HSBC appoints insider Noel Quinn as chief executive
HSBC said on Tuesday it appointed Noel Quinn as chief executive officer, handing the insider and interim boss the reins of Europe's biggest bank and ending months of speculation an external candidate could get the role.
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U.S. to boost tariffs on Airbus planes Wednesday, adding pressure on airlines
The United States is expected to increase U.S. tariffs on Airbus planes by 50% on Wednesday, U.S. and European officials say, dealing a further blow to U.S. airlines already hammered by sharp drops in travel due to the coronavirus pandemic.
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Explainer: How your bank deposits are (and aren't) protected
In the United States and many other countries, the government guarantees a certain amount of each customer's deposits in the event of a bank failure, to protect both consumers and the broader financial system.
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Most British companies not insured for coronavirus closures: industry body
Most companies in Britain don't have insurance cover for closures caused by the coronavirus outbreak, the Association of British Insurers said on Tuesday.
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UK launches coronavirus lending scheme for business
The Bank of England and Britain's finance ministry launched a scheme on Tuesday to purchase debt known as commercial paper issued by companies hit by the coronavirus.
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Explainer - How your bank deposits are (and aren't) protected
In the United States and many other countries, the government guarantees a certain amount of each customer's deposits in the event of a bank failure, to protect both consumers and the broader financial system.
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