economic stimulus

The market rally follows the People's Bank of China announcing a reduction in the amount of cash banks need to hold and outlining plans to support the struggling property market. Alibaba Group Holding Ltd (NYSE:BABA) and JD.Com Inc (NASDAQ:JD) saw significant gains after China’s central bank...

China is reportedly mulling a comprehensive set of stimulus measures in response to mounting pressure on the Xi Jinping-led government to revive the world’s second-largest economy. What Happened: Sources familiar with the matter told Bloomberg that the stimulus proposals, drafted by...

Outgoing President Donald Trump has signed the $900 billion COVID-19 relief bill, which was passed by both the House of Representatives and the Senate with an overwhelming majority last week. What Happened: “As President, I have told Congress that I want far less wasteful spending and...

United Airlines Holdings Inc (NASDAQ: UAL) Chief Executive Officer Scott Kirby and President Brett Hart in a statement to employees on Monday cautioned against optimism surrounding airline jobs getting restored by the U.S. COVID-19 economic stimulus. What Happened: United and American...

The U.S. Congress members reached a bipartisan agreement on the $900 billion COVID-19 relief package on Sunday, which included much-needed relief aid for the airlines, after elongated negotiations. What Happened: The latest tranche of the relief package includes $15 billion in aid...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. With the Holiday season underway, most small businesses should be well into their busiest and most profitable period. Unfortunately, this...

Wells Fargo & Company (NYSE: WFC) terminated more than 100 employees for allegedly collecting coronavirus relief funds in an improper manner, Bloomberg reported Wednesday. What Happened: The San Francisco-headquartered bank said in an internal memo seen by Bloomberg that the staff members...

Small trucking companies and other businesses in danger of permanently closing their doors as a result of COVID-19 can apply for immediate relief under the stimulus package expected to be approved tomorrow. After the $2 trillion Coronavirus Aid, Relief and Economic Security (CARES) Act passed the...