Major airlines urge U.S. Treasury to disburse assistance quickly

WASHINGTON (Reuters) – Major U.S. airlines asked the U.S. Treasury to move quickly to release up to $58 billion in government grants and loans and recommended a formula to divide up the money. FILE PHOTO: Airplanes are seen parked through a rain soaked window at their gates during a winter Continue Reading

Hedge fund Fir Tree puts $410 million dislocation fund to work

FILE PHOTO: The floor of the New York Stock Exchange. New York, U.S., March 20, 2020. REUTERS/Lucas Jackson/File Photo BOSTON (Reuters) – After years of waiting and watching from afar, hedge fund Fir Tree Partners is spending $410 million from its dislocation funds on stocks, pockets of the credit market Continue Reading

U.S. SEC warns against illegal trading during coronavirus disruption

WASHINGTON (Reuters) – The U.S. securities regulator on Monday warned corporate executives against insider trading during disruption caused by the coronavirus, in an unusual statement that underscores the chaos coursing through financial markets. FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters Continue Reading

Airlines appear to come up short in bid to win cash grants in rescue package

WASHINGTON/CHICAGO (Reuters) – A last-ditch effort by the chief executives of major U.S. airlines to try to win cash grants to weather the coronavirus crisis looked to be unsuccessful, four congressional aides and airline officials said late Saturday. FILE PHOTO: Planes are seen parked at gates at San Francisco International Continue Reading

Your Money: Coronavirus fears shake Yale economist Robert Shiller

NEW YORK (Reuters) – In scary times like these, it is comforting to talk to someone who has seen and studied a lot of things – booms, busts, and everything in between. FILE PHOTO: Robert J. Shiller, Sterling Professor of Economics at Yale University attends a session at the annual Continue Reading

U.S. crude prices fall to 17-year low as coronavirus spreads

TOKYO/LONDON (Reuters) – Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to a 17-year low as the outlook for fuel demand darkened with travel and social lockdowns triggered by the coronavirus epidemic. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February Continue Reading