The U.S. Treasury Department will audit every loan for more than $2 million given under the Paycheck Protection Program for businesses hurt by the coronavirus fallout, Treasury Secretary Steven Mnuchin said on Tuesday.
Cheryl Wellman is one of thousands of small business owners anxious to see if she'll get a slice of the $310 billion in new emergency aid that was just released by Washington.
Stock markets across the globe moved in and out of losses on Tuesday, whipsawed by Wall Street as mixed corporate earnings reports were not enough to offset a wild ride in oil prices.
Bayer shareholders on Tuesday voted in favour of ratifying the executive board's business conduct during 2019, following a rebuke a year earlier.
Merck & Co Inc said on Tuesday it expects the coronavirus pandemic to reduce 2020 sales by more than $2 billion, and the U.S. drugmaker lowered its profit forecast as a big drop in doctors' office visits during the outbreak will take a hefty toll, sending its shares down more than 3%.
Bayer's executive board won a clear vote of confidence from shareholders on Tuesday, following a rebuke last year over the handling of lawsuits related to a weedkiller.
Shrugging off reams of terrible economic data, plunging oil prices and dire corporate profits, world stocks have recouped around half of this year's coronavirus-linked losses as investors flip over their calendars to bet on a strong recovery in 2021.
Unemployment benefits are generally taxed like a worker's typical paycheck, but there is a difference that could save some money.
Senator Josh Hawley urged the Justice Department on Tuesday to open a criminal probe of Amazon.com Inc, saying the online retailer was building a monopoly using "predatory data practices" on vendors using its platform.
Southwest Airlines Co said on Tuesday it has agreed with Boeing Co to sharply cut its 737 MAX delivery schedule through 2021 and is reviewing its order book as the coronavirus pandemic caused its first quarterly loss in nine years.
Slumping sales at big fast food chains could get a boost as hungry and restless customers spend stimulus checks after long lockdowns, analysts and some operators said ahead of quarterly earnings that will show the extent of damage from the coronavirus slowdown.
Harley-Davidson Inc slashed its dividend and halted share buybacks on Tuesday to boost its cash reserves as global lockdowns due to the coronavirus pandemic hit motorcycle demand in the first quarter.
U.S. consumer confidence tumbled to near a six-year low in April as tough measures to curb the spread of the novel coronavirus sharply disrupted economic activity and threw millions of Americans out of work.
Sweden's H&M is set to permanently close eight of its Italian stores, including two in the country's fashion capital Milan, as it pushes ahead with plans that pre-date the COVID-19 pandemic.
The S&P 500 and Nasdaq erased early gains on Tuesday as a plunge in consumer confidence underlined the extent of the economic damage from the coronavirus pandemic, while healthcare stocks slumped after a sales warning from Merck.