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Business News

Location American Business News for 18 March 2020
No, the "Spanish flu" didn't start in Spain.
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Coronavirus: As EU Shuts Borders For 30 Days, What Tourists Must Know The EU has shut its borders to most foreigners, for at least 30 days, coming into effect immediately. The travel ban means all non-essential trips into most of the EU and Schengen area is ruled out, particularly to touri...
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Behind the Stimulus Frenzy: the Prospect of Billions of Unpaid Bills Washington is grappling with an increasingly urgent problem along with the novel coronavirus pandemic: the growing risk that millions of businesses and households won't be able to pay their everyday bills.
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The Belgian government held talks with representatives from the country's airline and travel industries on Wednesday as they seek state support to help with their fight for survival in the face of the coronavirus pandemi...
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Latin American airlines need prompt government aid or many of them could go out of business as the global coronavirus outbreak forces widespread flight cancellations, the chief of regional airline association ALTA said o...
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Turmoil in Funding Markets Drags Down Mortgage REITs

Wall Street Journal - 18 Mar 2020 22:33
Shares of mortgage real-estate investment trusts declined sharply, reflecting growing concerns about firms that use borrowed money to juice returns at a time when funding markets are in turmoil.
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After 30% Drop In A Month, Can Union Pacific Recover? Going by trends seen during the 2008 crisis, Union Pacific could potentially outperform the broader market, when the current crisis is over. We compare the performance of Union Pacific vis- -vis the S&P 500 in our intera...
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Oil prices plunged on Wednesday, with U.S. crude futures hitting an 18-year low, as governments worldwide accelerated lockdowns to counter the coronavirus pandemic that is causing global fuel demand to collapse.
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Fees & Payments

USA Today - 18 Mar 2020 19:33
Credit card breaks       
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Why CEOs Give Up Their Salary During a Crisis While the C-suites of America's top airlines are asking the U.S. government for what could amount to more than $50 billion in financial aid, many CEOs are giving up their salaries in a show of solidarity for the critical...
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U.S. stocks fall sharply again on Wednesday as investors grappled with a flood of plans by governments to limit the economic blow of the COVID-19 outbreak and debated whether the measures will be enough to limit the econ...
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Silicon Valley's decade: From Facebook's promise of social networking to the anxiety of social distancing Katie Canales/Business Insider Hello again, and welcome to this week's edition of Trending, the newsletter where we highlight BI Prime's biggest tech stories. I'm Alexei Oreskovic, Business Insider's West Coast bureau ch...
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JPMorgan Chase & Co said on Wednesday that it committed $50 million to funds and community groups that are providing food, support and medical supplies for people hurt by the coronavirus in the United States, Europe and ...
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China's Coronavirus Response Toughens State Control and Weakens the Private Market Communist Party leaders leaned hard on state-owned enterprises to fight the virus, hastening a retreat from a market-oriented economy.
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Having the right tools in place and the right people strategy will help your small business make it through the coronavirus pandemic.       
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Gold edges lower Wednesday, signaling a further flight to liquidity by investors will outweigh the metal's traditional haven appeal as equities head for another round of heavy losses on worries over the economic impact o...
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U.S. Power Use Weakening After Plunging in Italy Amid Coronavirus Demand for electricity is beginning to weaken in parts of the U.S. hardest hit by the coronavirus and could fall further in coming days as shelter-in-place orders spread, following a path taken by Italy's industrial regi...
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Pandemic Erodes Gig Economy Work

The New York Times - 18 Mar 2020 11:00
Pandemic Erodes Gig Economy Work Gig companies promoted their flexible hours as an economic lifeline for workers. In the coronavirus outbreak, it has been anything but.
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Sheriff Quashes Elon Musk's Aim to Keep Tesla Production Humming The sheriff's office in the county home of Tesla's California car factory said the auto maker must halt production, putting a brake on CEO Elon Musk's plans to work despite statewide efforts to mitigate the coronavirus p...
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Major hotel chains shutting down due to coronavirus pandemic Major hotel chains are closing en masse, for the first time in history, because of the coronavirus -- prompting requests for aid from President Trump. The New York Hilton Midtown on Sixth Avenue -- the Big Apple's larges...
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New York Gov. Cuomo Halts Collection Of Student Loan Debt Collection of student loan debt has stopped in New York.
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SoftBank May Not Buy $3 Billion in WeWork Shares

The New York Times - 18 Mar 2020 03:12
SoftBank May Not Buy $3 Billion in WeWork Shares The Japanese conglomerate is said to be reconsidering the part of its bailout of WeWork that would have left founder Adam Neumann with a huge payday.
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