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2020-03-24 Comments Off on Boundless Fed QE fuels 2% equity bounce, calms dollar

Boundless Fed QE fuels 2% equity bounce, calms dollar

LONDON (Reuters) – Global equities rebounded almost 2% on Tuesday, off near four-year lows, and the dollar slipped as investors

2020-03-24 Comments Off on Mnuchin: Negotiators 'very close' to deal on coronavirus stimulus

Mnuchin: Negotiators 'very close' to deal on coronavirus stimulus

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Monday that Republican and Democratic senators and Trump administration negotiators

2020-03-23 Comments Off on U.S. junk bonds fall despite unprecedented Fed stimulus

U.S. junk bonds fall despite unprecedented Fed stimulus

NEW YORK (Reuters) – Prices of the riskiest U.S. corporate bonds fell on Monday as investors bet that the Federal

2020-03-23 Comments Off on Citigroup to give some employees $1000 as coronavirus spreads

Citigroup to give some employees $1000 as coronavirus spreads

(Reuters) – Citigroup Inc (C.N) will provide more than 75,000 employees globally with a special compensation award to help ease

2020-03-23 Comments Off on H&M scraps dividend due to coronavirus as all costs under review

H&M scraps dividend due to coronavirus as all costs under review

STOCKHOLM (Reuters) – Sweden’s H&M (HMb.ST), the world’s second largest clothing retailer said on Monday it had decided to scrap

2020-03-23 Comments Off on Goldman Sachs sees 1% drop in global GDP due to 'coronacrisis'

Goldman Sachs sees 1% drop in global GDP due to 'coronacrisis'

LONDON (Reuters) – Goldman Sachs said it expected global real gross domestic product to contract by about 1% in 2020,

2020-03-22 Comments Off on Emirates stopping nearly all passenger flights, slash wages

Emirates stopping nearly all passenger flights, slash wages

DUBAI (Reuters) – Emirates, one of the world’s biggest long-haul airlines, said on Sunday it would stop nearly all passenger

2020-03-22 Comments Off on Explainer: Hobbled IRS tax agency may need months to put cash into Americans' hands

Explainer: Hobbled IRS tax agency may need months to put cash into Americans' hands

WASHINGTON (Reuters) – In order to put recession-fighting checks into the hands of millions of Americans, President Donald Trump will

2020-03-22 Comments Off on U.S. Senate races to agree on massive coronavirus relief package

U.S. Senate races to agree on massive coronavirus relief package

WASHINGTON (Reuters) – Republicans and Democrats in the U.S. Senate on Saturday scrambled to complete a deal on a $1

2020-03-20 Comments Off on Goldman Sachs CEO sees 2019 compensation rise $4 million

Goldman Sachs CEO sees 2019 compensation rise $4 million

NEW YORK (Reuters) – Goldman Sachs Group Inc’s (GS.N) Chief Executive David Solomon got a $4 million raise in his

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