Facebook Inc is launching Facebook Shops, a service that will allow small businesses to display and sell their products on the social network's platforms, Chief Executive Officer Mark Zuckerberg said on Tuesday.
The new coronavirus relief bill, which has passed the House, would permit retirees to undo last year's required minimum distributions from individual retirement accounts and retirement plans. Thinking of rolling the RMD back in? You'll have to repay taxes withheld, and you may have to file an amended tax return for 2019.
Oil prices pulled back slightly on Tuesday as a U.S. Senate committee grilled Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin about aid packages intended to bolster the economy.
Top U.S. airlines and Air Canada on Tuesday reported slower ticket cancellations and an improvement in bookings on some routes, sending their shares higher, though executives warned that rebuilding demand to pre-pandemic levels would be tough.
The S&P 500 was largely unchanged on Tuesday, after a strong rally in the prior session, as investors sifted through a mixed batch of results from major retailers including Walmart and Home Depot.
American Banker | John Adams | May 18, 2020 The coronavirus recovery is accelerating government involvement in payments, providing Visa a chance to turn a developing currency concept into a route for federal transactions. The U.S. Patent office on Friday published a Visa patent application to create a technology gateway that could allow central bank
U.S. Treasury Secretary Steven Mnuchin on Tuesday defended the Trump administration's fiscal response to the coronavirus pandemic and told senators he was willing to consider extending and modifying a payroll loan program for small businesses.
White House economic adviser Larry Kudlow said on Tuesday that President Donald Trump wants a payroll tax holiday for U.S. workers in the hopes of staunching economic pain caused by the coronavirus pandemic.
Five McDonald's workers in Chicago filed a class action lawsuit against the chain on Tuesday, accusing it of failing to adopt government safety guidance on COVID-19 and endangering employees and their families.
The U.S. economy should bounce back sharply in the third quarter after its deep coronavirus-related collapse, but it will not fully retake its lost ground until sometime after next year, the non-partisan Congressional Budget Office said on Tuesday.
Ford Motor Co on Tuesday reiterated its policy that all visitors to its manufacturing plants must wear a mask but said the White House will ultimately decide if U.S. President Donald Trump will comply during a planned visit this week.
Volkswagen said it agreed with a German court to pay 9 million euros ($9.9 million) to end legal proceedings against its chairman and chief executive, who were accused of holding back market-moving information on rigged emissions tests.
Liberal groups criticized U.S. Energy Secretary Dan Brouillette on Tuesday for a comment they interpreted as comparing the reluctance of some banks to finance fossil fuels projects with discrimination against minorities.
The S&P 500 edged up on Tuesday, taking a breather a day after its best one-day performance in six weeks, as investors attempted to glean information from a mixed bag of results from major retailers such as Walmart and Home Depot.
American Airlines Group Inc may use its Advantage loyalty program as collateral for a secured U.S. government loan, President Robert Isom said at a conference on Tuesday, noting that government talks are ongoing.