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Automotive News Breaking NewsApr 01, 2020
Aston Martin may need more cash even after bailout by billionaire
The British luxury brand has struggled with cash flow since going public in 2018. The coronavirus crisis has added another level of difficulty to a turnaround plan put in place after a capital infusion from a group led by Canadian billionaire Lawrence Stroll.



MarketWatch MarketPulseApr 01, 2020
Home Depot to close stores at 6 p.m., limit customers in stores and increased paid time off
Home Depot Inc. announced Wednesday a number of new measures in an effort to mitigate the effects of the coronavirus pandemic. The home improvement retailer said it will close its stores early at 6 p.m., limit the number of customers allowed in its stores at one time, eliminate major spring promotions to avoid increasing traffic and distributing thermometers to employees in stores and asking for health checks before reporting to work. For its employees, the company said it was adding 80 hours of paid time off for full-time hourly employees, 160 hours of paid time off for full-time hourly employees aged 65 or older and 40 hours of paid time off for part-time hourly employees. The company is providing additional bonuses of $100 per week for full-time hourly in-store employees and $50 per week for part-time employees, and providing paid time off for employees who have contracted COVID-19 and to employees required to be quarantined. The stock, which is down 2.5% in premarket trading, has shed 14.5% over the past three months through Tuesday, while the Dow Jones Industrial Average has lost 23.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Reuters Company NewsApr 01, 2020
UPDATE 1-Hyundai Motor's sales plunge by a fifth in March as coronavirus hits demand, output
Global sales for Hyundai Motor Co tumbled 21% in March to an 11 year-low for the month as the coronavirus pandemic batters demand and forced several of its overseas plants to suspend production.

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UPDATE 1-India's top carmaker Maruti Suzuki sales hit by coronavirus (Reuters Company News)

KiplingerMar 31, 2020
11 Ways the Stimulus Package and Other Government Measures Could Help You in 2020
The coronavirus (COVID-19) outbreak is crushing the U.S. economy. The stock market is tanking (we're now in a bear market), businesses are closed, unemployment claims are spiking, consumer spending is down sharply, 2020 GDP estimates are dropping fast, and a recession is on the way. We're in a bad place.

But the federal government has made several moves that we all hope will turn things around. Congress and the Trump administration worked together on stimulus legislation, the Federal Reserve lowered interest rates, and the IRS provided relief to taxpayers. Other government agencies and institutions are pushing forward with additional measures to stop the bleeding and get the economy back on track. It will take time, and we have a bumpy road ahead, but action is being taken.

While some of the economic stimulus will prop up businesses, many initiatives will flood the economy with cash and directly benefit ordinary Americans who are facing a financial hit. There are also other ideas being discussed at the highest levels of government that could be rolled out later. Here are 11 coronavirus stimulus measures already in place that could help you financially in 2020. They all won't necessarily apply to you, but one or two of them could significantly impact your financial health.

TOOL: Stimulus Check Calculator


Reuters BusinessMar 31, 2020
Stocks under pressure after biggest quarterly drop since 2008
Asian shares faced another leg lower on Wednesday as the coronavirus sharply slows global growth, leading a gauge of world stocks to post its biggest quarterly decline in more than a decade and oil prices to trade near lows last seen in 2002.

RELATED ARTICLES
GLOBAL MARKETS-Stocks under pressure after biggest quarterly drop since 2008 (Reuters Company News)
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