Finance
-
372‘Soggy start to April’: Stocks plunge as coronavirus ravages US and hammers Asian manufacturing
Reuters/Brendan McDermid Stocks dropped on Wednesday as investors worried about the novel coronavirus outbreak in the US and a sharp slowdown in...
-
Former Labor Secretary Robert Reich expects unemployment to surpass levels during the Great Depression
Former Labor Secretary Robert Reich says the best thing in the $2.2 trillion stimulus bill is the unemployment insurance provision. The rest...
-
More Americans could die from coronavirus than those killed in battle during Civil War, White House projection shows
President Donald Trump and his leading health advisers dealing with the novel coronavirus pandemic offered some grim statistics for Americans in the...
-
486Oil’s 66% plunge marks its worst quarter ever amid the double whammy of coronavirus and a global price war
REUTERS/Jim Urquhart Oil had its worst quarterly performance ever as coronavirus and a global price war weighed on the commodity. Year-to-date, US...
-
401Iraq reportedly plans to join the global oil war with prices already near 18-year lows
REUTERS/Essam Al-Sudani Iraq is the latest oil-production giant to join the price war with production bumps, Bloomberg reported Tuesday. The country aims...
-
Carnival, Royal Caribbean, and Norwegian are in ‘a world of hurt’ right now, but the pain won’t last. Analysts reveal when demand could come back and which companies could come out on top.
The coronavirus has brought the cruise industry to a standstill and has already wallopped stock prices. Analysts explained how these companies recovered...
-
The Fed starts a new program to provide dollars to central banks and calm the $5 trillion currency market
The Federal Reserve announced Tuesday the opening of a new repurchase agreement, or repo, facility aimed at supplying foreign central banks with...
-
How the coronavirus pandemic is impacting buzzy startups, from Peloton to Convene
Funding was already drying up for some Silicon Valley startups when the coronavirus hit, threatening their wild growth. Some are now shutting...
-
456‘A glimmer of hope’: Stocks, oil jump on signs of a Chinese manufacturing recovery and progress in the coronavirus fight in Europe
Xinhua/Wang Ying/ Getty Images Stocks climbed on Tuesday, driven by signs of a Chinese manufacturing recovery and the prospect of the novel...
-
IRS says it will start to send out coronavirus stimulus checks in the next 3 weeks
Stimulus payments will start to be sent out in the next three weeks, the Treasury Department and the Internal Revenue Service announced. ...