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Special Report: The Mask Middlemen – How pop-up brokers seek big paydays in a frenzied market

Brian Kolfage, a Florida military veteran, recently convinced Americans to donate millions of dollars for a privately built wall on the U.S. southern border. Now he has jumped into a new venture: hawking millions of protective face masks that are in critically short supply during the coronavirus pandemic.

Trump holds call with U.S. internet, mobile phone providers

President Donald Trump spoke with the biggest U.S. internet and mobile phone providers on Tuesday to talk about how the networks are holding up as tens of millions of Americans work from home.

SocGen, Natixis skip 2019 dividends, may consider payments in second half

French banks, Societe Generale and Natixis joined a cohort of European peers that announced plans to skip 2019 dividends following the European Central Bank’s guidance to direct profits toward supporting the economy during the coronavirus crisis.

S&P 500 heads for biggest ever first-quarter plunge

Wall Street’s major indexes fell on Tuesday and the S&P 500 was headed for a record first-quarter decline on growing evidence of large-scale economic damage from the coronavirus pandemic.

Chanel turns its workshops to making face masks against coronavirus

(This Mar 29 story corrects number of staff, clarifies they are in France.)

New York City to probe Amazon firing of warehouse worker

New York City Mayor Bill de Blasio said on Tuesday he had ordered the city’s human rights commissioner to investigate the dismissal of a worker at an Amazon.com warehouse who had participated in a walkout.

U.S.-Saudi oil alliance idea born at White House, put on back burner for now

Top U.S. officials have for now put aside a proposal for an alliance with Saudi Arabia to manage the global oil market, according to three sources with knowledge of the matter, an idea one of them said came from White House national security advisers.

Coronavirus shows U.S. too dependent on cheap medical imports, USTR says

(This Mar 30 story adds missing word “from” in last paragraph.)

U.S. court rules for Teva in migraine patent dispute with Eli Lilly

Teva Pharmaceutical Industries Ltd on Tuesday won a ruling from a U.S. administrative court that could help it fend off competition from Eli Lilly and Co in the market for migraine drugs.

Fed will do ‘whatever it takes’ to help U.S. economy likely in recession, Daly says

The Federal Reserve is ready to do more to help a U.S. economy ground to a sudden halt as businesses shutter and people stay home to slow the coronavirus pandemic, San Francisco Fed President Mary Daly said on Tuesday.

Goldman gives staff 10 days paid family leave due to coronavirus: memo

Wall Street bank Goldman Sachs is offering employees 10 days of paid family leave to care for children or elderly parents who are at home during the coronavirus pandemic, according to a memo sent to staff on Tuesday that was seen by Reuters.

Some Whole Foods workers call for ‘sick out’

A group of workers at Whole Foods Market called on others to phone in sick at all of the grocer’s stores on Tuesday to protest what they say is a lack of adequate compensation and protections from the coronavirus.

Stocks give up gains, on pace for worst quarter since 2008

Global stock markets dipped in volatile trading on Tuesday as investors assessed the economic damage from the coronavirus pandemic, while the MSCI benchmark of world equities was on pace to finish its worst quarter since the financial crisis of 2008.

Billionaire investor Steve Cohen: ‘After an earthquake there are tremors’

Billionaire trader Steven A. Cohen is cautioning the staff of his investment firm, Point72 Asset Management, to remain cautious amid markets that have recovered slightly from coronavirus-driven lows.

Senators urge U.S. airlines to issue ticket refunds after bailout

Nine Democratic U.S. senators on Tuesday urged the chief executives of 11 major airlines to issue full cash refunds to customers canceling flights during the coronavirus pandemic after Congress approved $25 billion in cash grants for the hard-hit industry.

Oil steady on U.S.-Russia energy talks but still near 18-year lows

Oil prices steadied on Tuesday, with the U.S. crude benchmark climbing off 18-year lows after U.S. President Donald Trump and Russian counterpart Vladimir Putin agreed to talks on stabilizing energy markets.

Exclusive: American Airlines to retire more jets, including vintage 737s, in coronavirus downturn

American Airlines Group Inc is set to sharply increase the number of jets it is planning to retire beyond its announced plans as it accelerates a fleet transformation to respond to the coronavirus crisis, people familiar with the matter said.

U.S. dollar rises, but off highs, as Fed measures weigh

The dollar rose against the euro and the Swiss franc on Tuesday but was off its highs, modestly pressured by the weight of Federal Reserve measures meant to ensure there was enough liquidity in the global financial system.

J.C. Penney furloughs staff, extends store closures amid pandemic

J. C. Penney Co Inc said on Tuesday it would furlough a majority of its hourly staff and salaried associates next month, the latest U.S. retailer looking to weather the financial strain from store closures due to the coronavirus pandemic.

European trade channel with Iran facilitates first deal   

Export of medical goods marks opening test for system set up to shield Tehran from US [...]

Britain’s Tesco recruits 35,000 workers to get through coronavirus crisis

Britain’s biggest retailer Tesco said on Tuesday it had recruited 35,000 additional workers in the last 10 days to help get it through the coronavirus emergency, which has triggered a dramatic increase in demand for groceries.

Coronavirus: Amazon workers strike over virus protection

Some US workers at Amazon and Instacart claim they are not receiving adequate [...]

Goldman Sachs slashes U.S. GDP estimate further

Goldman Sachs said on Tuesday the second-quarter U.S. economic decline would be much greater than it had previously forecast and unemployment would be higher, citing anecdotal evidence and “sky-high jobless claims numbers” resulting from the coronavirus pandemic.

Tesla plans to supply FDA-approved ventilators free of cost: Musk

Tesla Inc Chief Executive Elon Musk said on Tuesday the company has extra FDA-approved ventilators that can be shipped free of cost to hospitals within regions where the electric carmaker delivers.

Stocks edge higher, but on pace for worst quarter since 2008

Global stock markets edged higher on Tuesday as investors assessed the economic damage from the coronavirus pandemic, while the MSCI benchmark of world equities was on pace to finish its worst quarter since the financial crisis of 2008.

Adidas stops 1 billion euros share buyback

Germany’s Adidas on Tuesday said it will suspend a 1 billion euros share buyback it had planned for this year as a way to conserve cash after closing its retail outlets in Europe and North America.

Germany braces for jobless surge as companies rush for state funds

Berlin had sought to avert a spike by expanding the ‘Kurzarbeit’ short-time work [...]

Coronavirus: New job starters ‘petrified’ over wage help scheme

Workers who started new jobs in March are not eligible for the government’s wage grant [...]

What the Federal Reserve has done in the coronavirus crisis

The Federal Reserve has moved into overdrive to try to keep the U.S. economy from suffering lasting damage from the coronavirus pandemic, announcing an emergency interest rate cut on March 3 and rolling out new efforts almost weekly since, including slashing rates to zero and relaunching large-scale asset purchases.

Walt Disney to launch streaming service in India on Friday

Walt Disney Co will launch its Disney+ service in India on April 3, the company said on Tuesday, intensifying rivalry with Netflix Inc and Amazon.com Inc’s Prime Video in a country where demand for online streaming is surging.

JPMorgan, addressing racism allegations, reforms customer complaint system, access

JPMorgan Chase & Co told employees on Tuesday it is changing its customer complaint system and how staff choose which customers are eligible for certain banking products after the New York Times reported allegations of racial discrimination against black customers at the bank last year.

U.S. crude rises after 18-year lows prompt U.S.-Russia talks plan

Oil prices steadied on Tuesday, with the U.S. crude benchmark climbing off 18-year lows after U.S. President Donald Trump and Russian counterpart Vladimir Putin agreed to talks on stabilising energy markets.

Coronavirus: British Airways suspends all Gatwick flights

The airline says it is facing a challenging environment in “unprecedented [...]

Coronavirus drives U.S. March auto sales off a cliff

U.S. new vehicle sales likely drove off a cliff in March as the coronavirus pandemic pounded consumer confidence and shuttered dealerships across much of the country, and sales are likely to take a further beating in April as social distancing guidelines remain in place.

Coronavirus: Debenhams seeks urgent deal with landlords

The department store is heading for another major restructuring which could involve more store [...]

Coronavirus: 5G ‘certainly delayed’ in Europe and UK

UK and European 5G network rollouts will certainly be delayed during the pandemic, Huawei [...]

S&P 500 heads for worst first quarter since 1938

U.S. stock markets steadied on Tuesday at the end of the worst first quarter for the S&P 500 since 1938 amid growing evidence of the largescale damage caused by the collapse in oil prices and business activity due to the coronavirus.

Southwest Airlines cutting more than 40% of flights in May as demand sags

Southwest Airlines Co said Tuesday it will cut more than 40% of flights from May 3 through June 5 amid a sharp decline in travel demand from the coronavirus pandemic.

Coronavirus: How do I get a food parcel?

At least 50,000 free weekly food parcels are to be sent out to clinically vulnerable people in [...]

Three months that shook global markets

How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has probably been the most destructive sell-off since the Great Depression.

The tragedy of two failing superpowers

To address the pandemic, China and the US must not only function. They must function [...]

Stocks slide, on pace for worst quarter since 2008

Global stock markets slid on Tuesday as investors continued to assess the economic damage from the coronavirus pandemic, leaving the MSCI benchmark of world equities on pace to finish its worst quarter since the financial crisis of 2008.

Consumer confidence tumbles in March as coronavirus cases surge

A measure of U.S. consumer confidence fell sharply in March as people grapple with the global coronavirus [...]

Oil edges higher after 18-year lows prompt U.S.- Russia talks plan

Oil prices firmed on Tuesday after U.S. President Donald Trump and Russian counterpart Vladimir Putin agreed to talks on stabilising energy markets, with benchmarks climbing off 18-year lows, though the coronavirus-related demand hit capped gains.

Coronavirus: Aldi, Morrisons, Waitrose and Asda lift some restrictions

Aldi, Morrisons, Waitrose and Asda ease limits on how many of some individual items people can [...]