Coronavirus
Walmart Expands Drone Program With COVID-19 Test-Kit Delivery
Walmart Inc. will test using drones to drop COVID-19 diagnostic kits at customers’ homes, the retailer’s latest move in the pandemic-fueled arena of contactless deliveries.
US Stimulus Prospects Darken With Strains Over Supreme Court
The eruption of a partisan battle over replacing Supreme Court Justice Ruth Bader Ginsburg damaged already-slim prospects for another round of U.S. fiscal stimulus, threatening to undermine the recovery in the coming months.
Stocks Hit Six-Week Low as Tech Slide Accelerates
Technology shares pushed U.S. stocks to a six-week low as investors searched for new catalysts to give direction to global markets. The dollar strengthened and Treasuries were little changed.
Canada Extends US Border Restrictions to Oct. 21
Canada is extending the agreement to keep the U.S. border closed to nonessential travel to Oct. 21 during the coronavirus pandemic.
Pelosi Says Stimulus May Have to Include Airlines, Restaurants
House Speaker Nancy Pelosi said she’s willing to negotiate on some Democratic priorities for a stimulus package to include aid for industries such as airlines and restaurants that are continuing to struggle amid the coronavirus pandemic.
US Consumer Sentiment Climbs to Six-Month High in September
U.S. consumer sentiment increased more than expected in early September to a six-month high as Americans grew more upbeat about the economy’s prospects.
White House Supports More Airline Aid, Meadows Says
President Donald Trump would support narrow legislation to provide more financial aid to airlines, White House Chief of Staff Mark Meadows said after meeting with industry executives Sept. 17.
US Jobless Claims Resume Drop in Sign of Gradual Improvement
The number of Americans applying for jobless benefits resumed its decline, signaling a gradual improvement in the battered labor market.
White House Telegraphs Willingness to Increase Stimulus Offer
The White House strongly signaled Sept. 16 that it is willing to increase its offer in talks with Democrats and that Senate Republicans should go along in order to seal a stimulus deal in the next week to 10 days.
September 16, 2020Fed Signals Rates Will Stay Near Zero for at Least Three Years
The Federal Reserve left interest rates near zero and signaled it would hold them there through at least 2023 to help the U.S. economy recover from the coronavirus pandemic.