Business News
The Conversation: These lessons from the 1918 flu can help us cope with today's coronavirus pandemic
Market Watch - 18 Mar 2020 12:55
No, the "Spanish flu" didn't start in Spain.
Coronavirus: As EU Shuts Borders For 30 Days, What Tourists Must Know
Forbes - 18 Mar 2020 06:03
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...
Behind the Stimulus Frenzy: the Prospect of Billions of Unpaid Bills
Wall Street Journal - 18 Mar 2020 02:40Belgian government holds talks with airline and travel sectors
Reuters - 18 Mar 2020 17:06
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...
Latam carriers see 'bankruptcy pandemic' risk, Chile opposes bailout
Reuters - 18 Mar 2020 00:08
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...
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.
After 30% Drop In A Month, Can Union Pacific Recover?
Forbes - 18 Mar 2020 20:50
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...
U.S. oil plunges to 18-year low as lockdowns trigger market meltdown
Reuters - 18 Mar 2020 19:42
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.
Fees & Payments
USA Today - 18 Mar 2020 19:33
Credit card breaks
Why CEOs Give Up Their Salary During a Crisis
AdWeek - 18 Mar 2020 18:01
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...
Market Snapshot: Dow tumbles more than 1,300 points amid questions whether government action on coronavirus is sufficient
Market Watch - 18 Mar 2020 16:50
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...
Silicon Valley's decade: From Facebook's promise of social networking to the anxiety of social distancing
Business Insider - 18 Mar 2020 16:27
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...
JPMorgan commits $50 million to businesses, people affected by coronavirus
Reuters - 18 Mar 2020 16:19
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 ...
China's Coronavirus Response Toughens State Control and Weakens the Private Market
Wall Street Journal - 18 Mar 2020 16:08Confined amid coronavirus? Here are best practices for remote-managing your small business
USA Today - 18 Mar 2020 15:31
Having the right tools in place and the right people strategy will help your small business make it through the coronavirus pandemic.
Metals Stocks: Gold declines as stock-market plunge points to further deleveraging
Market Watch - 18 Mar 2020 15:28
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...
U.S. Power Use Weakening After Plunging in Italy Amid Coronavirus
Wall Street Journal - 18 Mar 2020 14:00Pandemic Erodes Gig Economy Work
The New York Times - 18 Mar 2020 11:00
Gig companies promoted their flexible hours as an economic lifeline for workers. In the coronavirus outbreak, it has been anything but.
Sheriff Quashes Elon Musk's Aim to Keep Tesla Production Humming
Wall Street Journal - 18 Mar 2020 05:58Major hotel chains shutting down due to coronavirus pandemic
New York Post - 18 Mar 2020 04:03
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...
New York Gov. Cuomo Halts Collection Of Student Loan Debt
Forbes - 18 Mar 2020 03:12
Collection of student loan debt has stopped in New York.
SoftBank May Not Buy $3 Billion in WeWork Shares
The New York Times - 18 Mar 2020 03:12
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.