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Reuters Daily

Reuters Business

U.S. pushes back on call by OPEC+ to join big oil output cuts

Tue, Apr 07, 2020

Saudi Arabia, Russia and allied oil producers will agree to deep cuts to their crude output at talks this week only if the United States and several others join in with curbs to help prop up prices that have been hammered by the coronavirus crisis. ...

Jobless Americans to see extra payments as soon as this week

Tue, Apr 07, 2020

Americans who have lost their jobs due to the coronavirus outbreak 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. ...

Jack Dorsey pledges $1 billion of his Square stake for COVID-19 relief efforts

Tue, Apr 07, 2020

Twitter Inc Chief Executive Officer Jack Dorsey on Tuesday pledged $1 billion of his stake in Square Inc , the payments processor that he co-founded and heads, to help fund relief efforts related to the coronavirus pandemic. ...

Oil drops on growing crude glut, doubts over output cuts

Tue, Apr 07, 2020

Oil slumped on Tuesday in the face of swelling crude supplies and weak fuel demand due to the coronavirus pandemic, while investors also grew cautious over expectations that the world's biggest producers would quickly agree on output cuts. ...

White House looks to bolster small business lending program

Tue, Apr 07, 2020

The White House hopes Congress will nearly double the size of its program to support ailing small businesses by the end of the week, as some of the nation's largest lenders still sit on the sidelines and others remain unable to access the system. ...

Trump administration seeks $250 billion more in aid for small U.S. businesses: Mnuchin

Tue, Apr 07, 2020

The Trump administration on Tuesday asked Congress for an additional $250 billion in emergency economic aid for small U.S. businesses reeling from the coronavirus pandemic, as Senate Majority Leader Mitch McConnell pushed for passage as soon as Thursday. ...

Oil drop saps gains as Wall Street fades late

Tue, Apr 07, 2020

Wall Street fell on Tuesday, as a drop in oil prices steepened in the latter stages of the session and erased early gains built on tentative signs that coronavirus outbreaks in some of the biggest U.S. hot spots may be leveling. ...

Amazon piloting disinfectant fog at New York warehouse after protests

Tue, Apr 07, 2020

Amazon.com Inc told Reuters it is piloting the use of disinfectant fog starting on Tuesday at a warehouse in Staten Island, New York, within days of protests at the worksite over health concerns during the coronavirus pandemic. ...

U.S. Treasury liquidity on the mend, but without Fed remains fragile

Tue, Apr 07, 2020

Some measures of liquidity in the $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. ...

U.S. SEC issues compliance focus areas for brokers before new rules take effect

Tue, Apr 07, 2020

The head of the examination office at the U.S. Securities and Exchange Commission (SEC) on Tuesday published details about the expected scope and content for compliance with a new rule requiring broker-dealers and investment advisers to disclose potential conflicts of interest. ...

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