Business Blog

Cuomo orders most New Yorkers to stay inside — 'we're all under quarantine now'

Gov. Andrew Cuomo ordered nonessential businesses to keep 100% of their workforce at home and put in place stringent new restrictions.

Copyright

© Zawya.com

  334 Hits

February home sales jump to highest in over a decade, but big drop expected

The spring housing market was on its way to becoming the strongest in over a decade, but it will likely turn sharply lower, as the economy shuts down in the face of the coronavirus.

Copyright

© Zawya.com

  334 Hits

The Federal Reserve is expanding its asset purchases to include municipal bonds

Thus far, the central bank has limited its efforts to Treasurys and mortgage-backed securities.

Copyright

© Zawya.com

  312 Hits

IRS extends tax filing deadline to July 15 as coronavirus spreads, Mnuchin says

President Donald Trump ordered the IRS federal income tax filing extension to help deal with the coronavirus pandemic's economic fallout, Treasury Secretary Steven Mnuchin said.

Copyright

© Zawya.com

  337 Hits

JPMorgan is giving tellers, other 'front-line' employees dealing with coronavirus a $1,000 bonus

JPMorgan's move may shore up morale among employees who can't work from home and therefore may face a higher risk of exposure to the coronavirus.

Copyright

© Zawya.com

  311 Hits

AT&T drops plans for $4 billion in stock buybacks amid coronavirus pandemic

The company announced on March 3 an accelerated share repurchase agreement (ASR agreement) with Morgan Stanley to repurchase $4 billion worth of common stock in its fiscal second quarter. Shares of AT&T closed Thursday at $31.15 per share.

Copyright

© Zawya.com

  338 Hits