U.S. investors will likely see sharp declines in capital returns this year as companies look to conserve cash during the coronavirus crisis, according to S&P Dow Jones Indices which is predicting a significant first-quarter decline in buybacks and a dismal second quarter.
Shortly after British Prime Minister Boris Johnson ordered the closure of non-essential retailers on Monday to curb the spread of coronavirus, the parent company of Sports Direct wrote to its staff to let them know: the next day would be business as usual.
Broad powers over U.S. factories brought in by President Donald Trump could fuel protectionism and jeopardize the supply of critical medical equipment to fight the coronavirus pandemic, Dutch health technology company Philips warned on Tuesday.
A blistering dollar rally has revived speculation that the U.S. may rein in its currency if the buck goes much higher.
Citigroup Inc said on Tuesday it will temporarily shutter up to 15% of its U.S. branches amid the coronavirus outbreak.
Citigroup Inc on Tuesday appointed Pam Habner as head of its branded cards division in the United States, as part of hires for many senior roles, according to two memos seen by Reuters.
The United States and China have made progress in implementing the agriculture-related provisions of a Phase 1 trade deal that took effect on Feb. 14, the U.S. Department of Agriculture and U.S. Trade Representative said on Tuesday.
U.S. lawmakers are nearing agreement on a package of grants for passenger and cargo airlines and contractors worth $32 billion as part of a massive U.S. stimulus and rescue package amid the massive travel demand falloff because of the coronavirus outbreak, three people briefed on the matter said.
For European governments battling to brace economies pummeled by the coronavirus, there might be no better time to go green.
Phillips 66 is delaying three sizeable scheduled shutdowns at its refineries this year, the company said on Tuesday, because of concerns that coronavirus could spread among the refineries' workers if the maintenance goes ahead.
Investors on the call included Dan Loeb, Stephen Schwarzman, Intercontinental Exchange's Jeffrey Sprecher and Paul Tudor Jones.
U.S. lawmakers are nearing agreement on a $61 billion rescue package for the aviation sector that would include $25 billion in payroll grants for passenger airlines weathering a sharp falloff in travel demand amid rising coronavirus outbreaks, three people briefed on the matter said.
Oil prices were little changed on Tuesday, giving up an earlier rally, as ongoing worries about the heavy toll the coronavirus pandemic will take on demand offset hopes for a forthcoming $2 trillion U.S. economic relief package.
Savers, rejoice! The IRS will give you until July 15 to fund your IRA and health savings accounts, and have the contributions count for 2019. Here's what you should know.
The U.S. International Trade Commission said on Tuesday it made a final determination that dumped and subsidized imports of wood cabinets and vanities from China were harming American producers, locking in steep U.S. tariffs for five years.