Governments offer financial lifelines to airlines, at a price

Shattered airlines were left counting the cost of government support as politicians in the United States and New Zealand set out conditions for bailouts needed to absorb the shock of coronavirus. from Reuters: Money Ne...

Fast food chains easing rent, fees for franchisees amid coronavirus

Dunkin' Brands Group Inc on Thursday said it will ease royalty and advertising fee payments for franchisees in the United States and Canada, while McDonald's Corp is in talks to reduce some payments for franchisees. from Reuters: Money Ne...

As China's coronavirus outbreak eases, a wary return to shops for consumers

As shops shut their doors across Europe and the United States, in China the sharp drop in new coronavirus cases has encouraged consumers to venture back into malls and restaurants - for the most part quite gingerly but occasionally in throngs. from Reuters: Money ...

U.S. hotel, travel industry ask for bailout as job cuts begin

American hotel and travel industry executives from companies such as Marriott and Hilton met with U.S. President Donald Trump on Tuesday to discuss a potential $250 billion aid package, as thousands of hotel workers began furloughs due to the fast-spreading coronavirus. ...

Fed moves to backstop funding for U.S. companies as coronavirus fallout spreads

The U.S. Federal Reserve moved Tuesday to ensure the flow of credit to U.S. companies, banks and even local governments amid a nationwide scramble for ways to blunt the economic fallout from the coronavirus crisis. from Reuters: Money Ne...

Wall Street jumps after Monday's historic sell-off as Fed boosts liquidity to fight coronavirus effect

The S&P 500 rose 6% on Tuesday, clawing back a significant portion of Monday's steep losses, as the Federal Reserve and the White House took further steps to boost liquidity and stem damage from the coronavirus outbreak that has gripped the global economy. from...