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United slashes New York-area flights due to coronavirus

Reuters Business News - Sat, 04/04/2020 - 21:23
United Airlines said late Saturday it will drastically reduce flights to two New York City airports amid the coronavirus outbreak.
Categories: Reuters

How the coronavirus job cuts played out by sector and demographics

Reuters Business News - Sat, 04/04/2020 - 19:07
The job losses suffered in March as the U.S. economy shut down in the face of the novel coronavirus pandemic were widespread but still were disproportionately felt in a handful of employment sectors and by women, the young and the less educated.
Categories: Reuters

OPEC+ meeting delayed as Saudi Arabia and Russia row over oil price collapse: sources

Reuters Business News - Sat, 04/04/2020 - 19:05
OPEC and Russia have postponed a Monday meeting to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a dispute between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified.
Categories: Reuters

Trump threatens tariffs on oil imports to 'protect' U.S. energy workers

Reuters Business News - Sat, 04/04/2020 - 19:01
U.S. President Donald Trump said on Saturday he would impose tariffs on crude imports if he has to "protect" U.S. energy workers from the oil price crash that has been exacerbated by a war between Russia and Saudi Arabia over market share.
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U.S. dairy farmers dump milk as pandemic upends food markets

Reuters Business News - Sat, 04/04/2020 - 18:38
Dairy farmer Jason Leedle felt his stomach churn when he got the call on Tuesday evening.
Categories: Reuters

Exclusive: Amazon in contact with coronavirus test makers for potential screenings on employees

Reuters Business News - Sat, 04/04/2020 - 16:54
Amazon.com Inc has been in contact with the CEOs of two coronavirus test makers as it considers how to screen its staff and reduce the risk of infection at its warehouses, according to internal meeting notes seen by Reuters.
Categories: Reuters

Trump says if he has to put tariffs on oil imports to protect energy workers he will

Reuters Business News - Sat, 04/04/2020 - 16:50
President Donald Trump said on Saturday he would put tariffs on imports of crude oil or take other measures if he has to protect energy workers from the oil price crash.
Categories: Reuters

Capital One says it won't use CFTC waiver related to oil lending

Reuters Business News - Sat, 04/04/2020 - 15:01
U.S. lender Capital One Financial Corp said on Saturday it would not use a U.S. Commodity Futures Trading Commission (CFTC) waiver after commodity price volatility lifted the bank's derivatives exposure toward a key regulatory threshold.
Categories: Reuters

The watchdogs overseeing the $2.3 trillion U.S. bailout

Reuters Business News - Sat, 04/04/2020 - 10:47
Who's watching over the U.S. government's largest bailout in history - the $2.3 trillion in fiscal stimulus to fight the economic impact of the coronavirus?
Categories: Reuters

Mexican president calls on Russia, Saudi Arabia to end oil price war

Reuters Business News - Sat, 04/04/2020 - 10:43
Mexican President Andres Manuel Lopez Obrador on Saturday called on Russia and Saudi Arabia to reach a deal soon and end their oil price war to avoid deepening the oil price crisis.
Categories: Reuters

Trump says will ask Congress for more small business funds if money runs out

Reuters Business News - Sat, 04/04/2020 - 10:37
U.S. President Donald Trump said on Saturday he would ask Congress for more money to make loans to small businesses struggling with the economic fallout from the coronavirus outbreak if the original $349 billion allocated in a fiscal stimulus bill runs out.
Categories: Reuters

OPEC+ meeting delayed as Saudi Arabia and Russia row over price collapse

Reuters Business News - Sat, 04/04/2020 - 06:58
OPEC and Russia have postponed a meeting planned for Monday until later next week, OPEC sources said on Saturday, as a row intensified between Moscow and Saudi Arabia over who is to blame for plunging oil prices.
Categories: Reuters

Exclusive: Amazon in contact with coronavirus test makers as it plans pandemic response

Reuters Business News - Sat, 04/04/2020 - 06:09
Amazon.com Inc has been in contact with the CEOs of two coronavirus test makers as it considers how to screen its staff and reduce the risk of infection at its warehouses, according to internal meeting notes seen by Reuters.
Categories: Reuters

Tesla cuts contractors from California, Nevada factories: CNBC

Reuters Business News - Fri, 04/03/2020 - 22:19
Tesla Inc is cutting contractors from its U.S. car and battery plants, CNBC reported on Friday, citing workers and a contract staffing agency.
Categories: Reuters

Wall Street Week Ahead: Investors look to coronavirus data to support stabilizing markets

Reuters Business News - Fri, 04/03/2020 - 20:26
Investors are parsing a broad range of signals, from infection counts to more traditional indicators, for clues on the trajectory markets may take in coming weeks as the pandemic caused by the novel coronavirus continues to spread.
Categories: Reuters

Saudi energy minister rejects Russian comments about kingdom's withdrawal from OPEC+ deal

Reuters Business News - Fri, 04/03/2020 - 20:12
The Saudi energy minister on Saturday rejected Russia's remarks that the kingdom withdrew last month from a deal to cut output.
Categories: Reuters

OPEC+ debates biggest-ever oil cut, awaits U.S. efforts

Reuters Business News - Fri, 04/03/2020 - 20:12
By Rania El Gamal, Alex Lawler, Vladimir Soldatkin and Laila Kearney
Categories: Reuters

Saudi Arabia denies withdrawing from OPEC+ deal, says Russia was the one that withdrew

Reuters Business News - Fri, 04/03/2020 - 20:07
The Saudi foreign minister said early on Saturday that a statement attributed to Russia's President Vladimir Putin about the kingdom's withdrawal from the OPEC+ deal is not correct, and that Russia is the one that withdrew, state agency (SPA) reported.
Categories: Reuters

U.S. airlines apply for U.S. payroll help but terms still unclear

Reuters Business News - Fri, 04/03/2020 - 20:03
Major U.S. airlines applied on Friday for payroll grants from the U.S. Treasury meant to keep workers employed during a sharp downturn resulting from the coronavirus outbreak, but while talks over the terms were expected to continue in coming days some warned the funds would not be enough to help them through their toughest crisis ever.
Categories: Reuters

U.S. SEC official urges delay in public comment on agency rule changes

Reuters Business News - Fri, 04/03/2020 - 19:48
The U.S. Securities and Exchange Commission's lone Democratic commissioner on Friday called for a delay in pending rule changes due to the coronavirus outbreak, while cautioning against excessive regulatory relief in the rush to assist companies struggling with fallout from the pandemic.
Categories: Reuters
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