German Merchants Call For Gov’t Assistance; Banks In Europe Accept $130B To Lessen Financial Stress
German Merchants Call For Gov’t Assistance; Banks In Europe Accept $130B To Lessen Financial Stress
March 18, 2020  |  Coronavirus

The coronavirus is spurring trade groups to ask for aid and governments to provide assistance for banks. Here are the latest updates on the coronavirus...

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Coronavirus Triggers Downturn In US Rideshares, UK Hospitality
Coronavirus Triggers Downturn In US Rideshares, UK Hospitality
March 18, 2020  |  Coronavirus

As the coronavirus continues to spread, the hospitality industry in the U.K. is taking a big hit while the U.S. sees a major dip in...

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Mnuchin: Economy Will Come ‘Roaring Back’
Mnuchin: Economy Will Come ‘Roaring Back’
March 18, 2020  |  Economy

U.S. Treasury Secretary Steven Mnuchin said on Wednesday (March 18) that the country won’t see Depression-like unemployment levels, walking back his previously reported comments that...

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Amazon, JPMorgan Donate Money To Ease Coronavirus Crisis
Amazon, JPMorgan Donate Money To Ease Coronavirus Crisis
March 18, 2020  |  Coronavirus

JPMorgan said it will to donate $50 million to groups and organizations that provide support and supplies to people affected by the coronavirus all over...

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Malls, Restaurants Request Aid As Coronavirus Forces Closures
Malls, Restaurants Request Aid As Coronavirus Forces Closures
March 18, 2020  |  Coronavirus

In an unparalleled attempt to contain the coronavirus pandemic, thousands of stores and other businesses are closing their doors to customers, according to reports on...

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Grocers Struggle To Meet Panicked Demand In US, UK
Grocers Struggle To Meet Panicked Demand In US, UK
March 18, 2020  |  Coronavirus

In the United States, demand for delivery services for groceries are so high that some customers are waiting seven days for orders that contain missing...

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Today In Payments: FDIC Defines Bank Regs For FinTechs; Treasury Secretary Warns Of Depression-Like Unemployment
Today In Payments: FDIC Defines Bank Regs For FinTechs; Treasury Secretary Warns Of Depression-Like Unemployment
March 18, 2020  |  News

In today’s top news, the FDIC is planning on setting new regulations for FinTechs and industrial banks, and Treasury Secretary Steven Mnuchin said U.S. unemployment...

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Billionaire Bill Ackman Tweets Trump To Shutter Nation For 30 Days
Billionaire Bill Ackman Tweets Trump To Shutter Nation For 30 Days
March 18, 2020  |  Coronavirus

Hedge-fund billionaire Bill Ackman tweeted to President Trump on Wednesday (March 18) that he should close down the country to contain the coronavirus, reports indicated....

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NY Governor Rejects Mayor’s ‘Shelter In Place’ Order
NY Governor Rejects Mayor’s ‘Shelter In Place’ Order
March 18, 2020  |  Coronavirus

Andrew Cuomo, the governor of New York, said he won’t give approval for a “shelter-in-place” order for the city, just one day after Mayor Bill...

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