Under the $2.3 trillion CARES Act, passenger airlines are eligible to get $25 billion for payroll while cargo airlines can get $4 billion
Per the forecasters, unemployment rate could peak to 12% in the second quarter of 2020 compared with 4.4% in March
The US has encouraged global cooperation to bolster an oil market which collapsed as the coronavirus outbreak accelerated in March
The Fed will work through banks and offer four-year loans to companies with up to 10,000 employees and less than $2.5 billion in revenues in 2019
The total claims over the past three weeks crossed 16 million. Most job losses were in restaurants, drinking establishments and healthcare industry
The coronavirus outbreak has infected more than one million people in the world and has claimed the lives of nearly 90,000
Investors also awaited US jobless claims data later in the day, which is expected to show a jump to a staggering 15 million in the last three weeks
The US President Donald Trump said that he would like to reopen the US economy with a 'big bang' but that the death toll from the coronavirus first needs to be heading down
The coronavirus outbreak has created a major stir around the world claiming the lives of more than 80,000 people globally
The deadly virus outbreak has claimed the lives of nearly 90,000 people around the world in recent times
The coronavirus outbreak has clainmed the lives of more than 88,000 people worldwide and has spread to more than 170 countries
The enhanced payment includes a $600 weekly increase for up to four months, which is above the state benefits already in place
Santa Clara along with San Francisco and four other Bay Area counties so far have reported 3,532 coronavirus cases in a population of 6.7 million
The US Department of Energy stated on Tuesday that US output was already declining, without government action
The coronavirus outbreak has already infected over one million people around the world claiming the lives of more than 80,000 globally