United States


Coming next from the Fed: How much for Main Street?

The U.S. Federal Reserve responded fast to the coronavirus crisis with open-ended programs to keep financial markets running and ensure major companies could raise cash as they usually do through large capital markets.

Business Video

U.S. GDP will contract 30% in second quarter, 5% in 2020: PIMCO

The forced closure of businesses across the United States and surge in unemployment due to the coronavirus pandemic will force U.S. growth to contract by 30% in the second quarter and 5% overall in 2020, Pacific Investment Management Co (PIMCO) wrote on Wednesday.

Dow Jones CEO Will Lewis to step down: FT

The chief executive officer of News Corp owned Dow Jones, Will Lewis, is stepping down, according to a report by Financial Times on Wednesday, citing people familiar with the matter.

Airbus to review production cuts after 'some months': CEO

Airbus production cuts announced on Wednesday in response to the coronavirus crisis are likely to be in place for "some months" and then reviewed as the market outlook becomes clearer, Chief Executive Guillaume Faury said on Wednesday.


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