NEW YORK: Wall Street stocks finished lower on Tuesday (Apr 7) as a rally based in part on optimism over apparent progress in combating the coronavirus faded late in the session. The Dow Jones Industrial Average, which was up almost 1,000 points earlier in the session, finished down 26.13 points...
Some measures of liquidity in the US$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.
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.
Clinical data on potential treatments for the new coronavirus could help sustain a market bounce that has buoyed stocks after last month's plunge, as investors look for signs that authorities may be able to stabilize the pandemic.
The White House was due to speak with banks on Tuesday, as the administration's US$350 billion program to support ailing businesses continued to confront hurdles, with some of the nation's largest lenders sitting on the sidelines and others unable to access the system.
Americans who have lost their jobs due to the new coronavirus 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.
Netflix Inc on Tuesday rolled out a number of features for parental control on its streaming platform, including options to filter out select titles and review what children are watching.
U.S. Treasury Secretary Steven Mnuchin said on Tuesday that he would seek an additional US$250 billion to support small businesses hurt by the widespread economic slowdown.
Mobile-only streaming service Quibi racked up more than 300,000 downloads on its launch day, industry site Sensor Tower said on Tuesday, as stay-at-home viewers lapped up its short films starring Hollywood A-listers.
Lufthansa will close its Germanwings low-cost airline as part of a broader overhaul including capacity cuts across the group, it said on Tuesday as it warned it could take years for the industry to recover from the coronavirus crisis.
