Tuesday, 7 April 2020

Jack Dorsey pledges $1 billion of his Square equity for COVID-19 relief efforts

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Jack Dorsey pledges $1 billion of his Square equity for COVID-19 relief efforts

Square Inc and Twitter Inc chief executive officer Jack Dorsey said on Tuesday that he pledged $1 billion of his equity in the payments processor toward efforts aimed at fighting the coronavirus outbreak.

White House looks to bolster small business lending program

The White House hopes Congress will nearly double the size of its program to support ailing small businesses by the end of the week, as some of the nation's largest lenders still sit on the sidelines and others remain unable to access the system.

Trump administration seeks $250 billion more in aid for small U.S. businesses: Mnuchin

The Trump administration on Tuesday asked Congress for an additional $250 billion in emergency economic aid for small U.S. businesses reeling from the coronavirus pandemic, as Senate Majority Leader Mitch McConnell pushed for passage as soon as Thursday.

Oil drop saps gains as Wall Street fades late

Wall Street fell on Tuesday, as a drop in oil prices steepened in the latter stages of the session and erased early gains built on tentative signs that coronavirus outbreaks in some of the biggest U.S. hot spots may be leveling.

Amazon piloting disinfectant fog at New York warehouse after protests

Amazon.com Inc told Reuters it is piloting the use of disinfectant fog starting on Tuesday at a warehouse in Staten Island, New York, within days of protests at the worksite over health concerns during the coronavirus pandemic.

U.S. Treasury liquidity on the mend, but without Fed remains fragile

Some measures of liquidity in the $17 trillion U.S. Treasury market are almost back to normal, thanks to the Federal Reserve's giant purchases, after drying up two weeks ago at the height of the coronavirus panic, but trading conditions remain challenging.

U.S. SEC issues compliance focus areas for brokers before new rules take effect

The head of the examination office at the U.S. Securities and Exchange Commission (SEC) on Tuesday published details about the expected scope and content for compliance with a new rule requiring broker-dealers and investment advisers to disclose potential conflicts of interest.

Jobless Americans to see extra payments as soon as this week

Americans who have lost their jobs due to the coronavirus outbreak will start getting enhanced jobless benefits as soon as this week as states deploy hundreds of billions of dollars in federal aid, state officials said on Tuesday.

Exxon lops 30% off 2020 spending, deeper and later than rivals

Exxon Mobil Corp on Tuesday throttled back investment in shale, natural gas and deep water production, cutting planned capital spending by 30% this year as the coronavirus pandemic saps energy demand and oil prices tumble.

Exxon could delay third Guyana project as government review drags on

Exxon Mobil Corp said on Tuesday that production at the Payara project, its third development in Guyana, could be postponed due to delays in government approvals as the company scales back spending elsewhere due to the crude price crash.

BlackRock's Aladdin investment management platform to be hosted on Microsoft's cloud

BlackRock Inc, the world's largest asset manager, has partnered with Microsoft Corp to have its Aladdin investment and risk management system hosted on the Microsoft Azure cloud platform, the companies said on Tuesday.

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