The Latest: Market likes what it hears from Washington

The Latest: Market likes what it hears from Washington

Mar 17, 2020 | Finance, Politics

NEW YORK (AP) — The Latest on action in the financial markets (all times local):4:30 p.m.This time, the stock market liked what it heard out of Washington regarding the coronavirus outbreak. The S&P 500 rose 6% Tuesday, the seventh straight day with a move up or...
More wipes, no jeans: Amazon limits shipments to warehouses

More wipes, no jeans: Amazon limits shipments to warehouses

Mar 17, 2020 | Finance

NEW YORK (AP) — To make room for toilet paper, hand sanitizer and other items in high demand during the global viral pandemic, Amazon said it is limiting what brands and independent sellers can send to its warehouses for the next three weeks. Among the products that...
Fed launches second lending program to ease credit flows

Fed launches second lending program to ease credit flows

Mar 17, 2020 | Finance

WASHINGTON (AP) — The Federal Reserve on Tuesday announced its second emergency lending facility in an effort to smooth the flow of credit to businesses and households struggling amid the virus outbreak. The facility, like the previous program the Fed launched earlier...
Volkswagen to close Europe plants for two weeks

Volkswagen to close Europe plants for two weeks

Mar 17, 2020 | Finance

FRANKFURT, Germany (AP) — Volkswagen said Tuesday it would close most of its European plants for two weeks due to uncertainty about demand for cars and supplies of parts amid the virus outbreak and said it wasn’t possible to give a reliable outlook for this...
Automakers dodged parts shortage, but virus poses new threat

Automakers dodged parts shortage, but virus poses new threat

Mar 16, 2020 | Finance

DETROIT (AP) — When the coronavirus cut off the flow of parts from China in early January, most global automakers were ready: Anticipating such a crisis, they had prepared to tap other suppliers and to conserve parts that they had stored. Now, they face fast-moving...