 | | | | Boeing Co is seeking "tens of billions of dollars" in U.S. government loan guarantees and other assistance as faces it a looming liquidity crunch from the massive coronavirus economic disruption impacting the entire aviation sector, two people briefed on the matter told Reuters. | | | | | | Local California officials are evaluating if and how Tesla Inc will be allowed to continue operating its main U.S. vehicle factory as the San Francisco Bay Area begins a three-week lockdown to rein in the spread of coronavirus. | | | | | | The U.S. Federal Reserve on Tuesday acted to ensure companies can continue paying workers and buying supplies through the coronavirus epidemic, as top officials scrambled through the day to broaden efforts to blunt the economic fallout from the health crisis. | | | | | | Philadelphia Federal Reserve Bank President Patrick Harker said on Tuesday the global economy is reeling from the shock caused by the coronavirus, and that central bankers need to do what they can to stimulate the economy and keep markets functioning. | | | | | | The U.S. Federal Reserve is continuing to debate its next steps to expand support for the economy during the ongoing coronavirus epidemic, with broadened rules for bank lending a possibility Atlanta Federal Reserve bank president Raphael Bostic said on Tuesday. | | | | | | McDonald's Corp and Starbucks Corp have decided to close dine-in areas at many U.S. stores and shifted to take-away and delivery services, even as major cities ordered restaurants and bars closed to stop spread of the coronavirus. | | | | | | U.S. package delivery company FedEx Corp suspended its 2020 profit outlook on Tuesday, citing disruption from the coronavirus outbreak, which also led to lower adjusted third-quarter profit. | | | | | | The S&P 500 rose 6% on Tuesday, a day after its steepest decline since the 1987 crash, as the Federal Reserve took further steps to boost liquidity and stem damage from the coronavirus outbreak that has gripped the global economy. | | | | | | Shutting down the U.S. stock market would be "exactly the wrong thing to do" by depriving businesses and investors of capital just when they need it the most, a U.S. Chamber of Commerce official said on Tuesday, adding that the country's most powerful lobby group also opposes bans on short selling. | | | | | | Speculative stocks that stand to benefit from social distancing during the coronavirus pandemic soared on Tuesday, lifted by a broad rebound market following Wall Street's worst day in three decades. | | | | | | Impossible Foods is discussing a new credit line worth several hundred million dollars with its lenders, as the plant-based meat company braces for the economic fallout of the coronavirus outbreak, people familiar with the matter said on Tuesday. | | | | | |
