Boeing said Washington state's move on Thursday to repeal of an aerospace business tax break brings the United States into full compliance with World Trade Organization rules, which U.S. policymakers hope will avert European Union tariffs on U.S. goods.
For three years, U.S. President Donald Trump has touted a stunning run-up in the stock market as evidence of his success in the White House. In the space of three weeks, most of those gains have evaporated.
Analysts and economists increasingly expect the Federal Reserve to roll out measures beyond interest rate cuts and bond purchases to ensure financial markets keep operating smoothly and banks have ample liquidity during the coronavirus outbreak.
Panic hit world financial markets on Thursday, after stimulus efforts from the European Central Bank failed to calm investors alarmed by U.S. moves to restrict travel from Europe over the coronavirus pandemic.
Airlines bore the brunt of a dramatic expansion of the coronavirus crisis on Thursday, as U.S. travel curbs on much of continental Europe deepened the sector's misery and piled more pressure on governments to offer emergency support.
American Airlines Inc and Delta Air Lines Inc on Thursday said they were capping fares for U.S.-bound flights from Europe, amid some reports of exorbitant pricing, as U.S. citizens flock to European airports trying to return home after new air travel restrictions ordered by U.S. President Donald Trump.
Crashing U.S. stocks on Thursday confirmed Wall Street is in a bear market after new travel restrictions to curb the coronavirus spread spooked investors and rattled world markets.
The number of Americans filing for unemployment benefits unexpectedly fell last week as employers continued to hold on to their workers, but the coronavirus pandemic is expected to lead to an increase in layoffs as companies battle supply chain disruptions and sagging demand for some goods and services.
The U.S. Labor Department on Thursday gave states flexibility to amend their laws to provide unemployment benefits in events related to the coronavirus in an effort to limit the damage on the economy from the pandemic.
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