Retailers are shuttering storefront locations across the globe to slow the spread of the coronavirus, or COVID-19. On March 11, the World Health Organization declared COVID-19 a worldwide pandemic, and two days later, President Donald Trump declared the outbreak a national emergency. Here’s an up-to-date list of major companies — apparel, fast-food chains, electronics, and […]
Stock futures kicked off the overnight session lower, extending Wednesday’s crushing losses as policymakers and corporations continued to unleash further responses to the global coronavirus outbreak. During the regular session Wednesday, stocks took a drubbing as...
As part of its armory of policy tools unleashed over the past few days, the Federal Reserve is encouraging banks to tap into their capital and liquidity buffers to support lending amid the coronavirus outbreak. But large banks are floating the possibility of further...
California Attorney General Xavier Becerra is suing Education Secretary Betsy DeVos for overturning a 2014 rule designed to protect students against predatory institutions. Filed in the United States District Court for the Northern District of California, the lawsuit...
Retailers fear that temporary closures to slow the spread of COVID-19 might turn permanent, if a drop in sales mean they cannot pay their bills. Most national retailers have already sent letters to their landlords requesting a deferral of rent until June 30, and with...
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