The U.S. relief packages being considered don’t directly address rents. But the Federal Reserve’s actions may give banks the leeway to defer mortgage payments, allowing property owners to delay rent.
General Motors—which hopes to make ventilators in Kokomo—and Ford Motor Co. are among automakers that are throwing their design and production prowess behind two other manufacturers’ efforts to build more ventilators and respirators for health care workers and first responders.
First came the order to close up. Then the laying off of staff. Now small-business owners across the U.S. are bleeding cash and wading through paperwork to get financial assistance.
While retailers such as Macy’s Inc., Kohl’s Corp. and J.C. Penney have been forced to temporarily close their stores, others like Walmart and Costco Wholesale Corp. are experiencing a surge in sales normally seen around the holiday peak.
The report suggests consumers had already begun to scale back on spending before the number of coronavirus cases in the U.S. began accelerating.
Just weeks since most economists bet the China-led slump would quickly reverse once the virus was contained, many are rethinking that optimism as swathes of Chinese factories stay shut and workers idled.
Chime Inc. is part of a fast-growing class of well-funded financial technology startups offering debit cards, checking accounts and other financial services.
The agricultural shopping spree is part of a campaign to address complaints about the trade surplus and difficulties U.S. companies face in accessing Vietnamese markets.
The Indianapolis-based National Collegiate Athletic Association is examining all options for its upcoming men’s basketball tournament, including the possibility of holding games without fans, as the coronavirus continues to spread across the United States.
Service providers and manufacturers are noting reluctance among clients to place orders amid the global virus scare.
The airline industry expects the first annual decline in global passenger demand in 17 years, after tallying up the initial impact of the thousands of flights canceled because of the coronavirus outbreak in China.
A United Auto Workers union member said the threat of parts shortages at GM facilities is growing, but the automaker doesn’t expect to have to pause production at plants in Indiana, Michigan and Texas, according to spokesman.
The talks come as a wave of retail bankruptcies squeeze mall-oriented real estate investment trusts, putting pressure on the industry to consolidate.
Volkswagen has offered to buy the rest of Navistar International Corp. to secure a bridgehead in the U.S. heavy-truck market and step up its challenge to Daimler and Volvo.
Confidence among Americans surged to the best level since October 2000 on brighter views of the economy and finances, adding to signs that consumers will continue to underpin a record-long expansion.
Bankrupt supplier Takata faces a Dec. 31 deadline to show the U.S. National Highway Traffic Safety Administration that as many as 100 million inflators containing a chemical drying agent will be safe long-term.
StubHub is the largest resale ticket marketplace in the U.S., with about $1.1 billion in net transaction revenue in 2018, according to EBay filings.
The index measures mobile-phone location data from five of the largest U.S. shopping center real estate investment trusts, including Indianapolis-based Simon Property Group Inc.
Charles Schwab Corp.’s free trading offer is turning out to be a hit, drawing in new customers at a fast clip.
The shutdown of 96 more Sears and Kmart locations will leave just 182 outlets for the company, which was once America’s biggest department store chain.
