 | | | | The Trump administration is urging U.S. lawmakers to pass separate bills to aid airlines and other sectors, given failure to reach agreement on a broader package of stimulus funding, White House Press Secretary Kayleigh McEnany said on Tuesday. | | | | | | Major U.S. airlines plan to make a last-ditch bid to persuade Congress to grant them a new $25 billion bailout to help avert thousands of employee furloughs set to begin Oct. 1, even as a separate $25 billion in government loans for the sector sits untapped. | | | | | | United Airlines intends to tap U.S. Treasury loans available under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Chief Executive Scott Kirby said at a news conference on Capitol Hill on Tuesday. | | | | | | The U.S. dollar continued to rise on Tuesday after hawkish remarks from a Federal Reserve speaker, while stocks ended higher with a boost from Amazon even as curbs to control the spread of COVID-19 raised the fear of a second wave of lockdowns. | | | | | | Tesla Inc CEO Elon Musk fired up fans and investors for the company's "Battery Day" on Tuesday, even as he tempered expectations that Tesla's electric vehicles will soon surpass the cost and convenience of traditional gasoline-powered cars. | | | | | | U.S. pork exports to China have surged beyond pre-trade war levels, led by higher shipments from Brazil's JBS SA and China's WH Group Ltd , owner of Smithfield Foods, according to Panjiva, the research unit of S&P Global Market Intelligence. | | | | | | Nike Inc comfortably beat analysts' estimates for quarterly revenue and profit on Tuesday, powered by a rebound in demand in China and strong online sales, sending its shares up about 9%. | | | | | | Industrial conglomerate 3M Co is working with advisers on the sale of its food safety business, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. | | | | | | Wall Street stocks rebounded on Tuesday, led by a jump in Amazon.com, even as a likely delay in new fiscal stimulus by Congress and an increase in the number of coronavirus cases dampened hopes of a faster economic recovery. | | | | | | Top U.S. economic policymakers opened the door on Tuesday to further aid for small businesses hit by the coronavirus-triggered recession, but differed over how broad it might extend and the manner in which it should be delivered. | | | | | |
