As virus threatens, U.S. embraces big government, for now
WASHINGTON, March 28 (Reuters) - It may, as House Majority Leader and Maryland Democrat Steny Hoyer said on Friday, be out of love that the United States agreed to shut down much of its economy to stop a viral epidemic and save lives.
Exclusive: Amazon entices warehouse employees to grocery unit with higher pay
(Reuters) - Amazon.com Inc is offering higher pay to recruit its own warehouse employees to pick and pack Whole Foods groceries amid rising demand and a worker shortage, according to an internal document reviewed by Reuters.
Wall Street tumbles as U.S. virus cases pass 100,000
(Reuters) - Wall Street stocks tumbled on Friday, ending a massive three-day surge after doubts about the fate of the U.S. economy resurfaced and the number of coronavirus cases in the country climbed.
Ackman says Pershing Square no longer has hedges on stocks
(Reuters) - William Ackman's Pershing Square Capital Management no longer has hedges on its stock portfolio, but still has some cash to invest if equities decline further as the United States battles the coronavirus outbreak, the billionaire investor said on Saturday.
A U.S. recession? Probably. Depression? Only if the virus is untamed
WASHINGTON - A U.S. recession may already be underway. Could it be worse?
Clothing rental service Rent the Runway lays off workers amid coronavirus outbreak
(Reuters) - U.S. clothing rental firm Rent the Runway said on Saturday it had laid off retail employees following temporary store closures amid the ongoing coronavirus outbreak.
Bipartisan majority of Americans reject Trump idea to reopen by Easter: Reuters/Ipsos poll
NEW YORK (Reuters) - A bipartisan majority of Americans appear to reject an idea floated by President Donald Trump to reopen businesses by Easter, according to a Reuters/Ipsos poll, which also showed that nearly one in four have been laid off or furloughed during the coronavirus outbreak.
U.S. airlines cheer government relief but warn it is no 'cure' for deep industry crisis
CHICAGO (Reuters) - United Airlines Holdings Inc and Delta Air Lines welcomed on Friday a $50 billion relief package they said would protect jobs through September but warned that the continued challenges facing the industry will require more action.
Apple's factories are running, but suppliers wary about iPhone demand
(Reuters) - As China reopens its economy after months of lockdown, Apple Inc's
iPhone factories are largely up and running. But with the coronavirus pandemic spreading across the world, the urgent question for the company is how many buyers there will be both for current models and the new slate of phones expected in the fall.