Apr 15, 2020
Wall Street’s bulls drive epic market split from grim realityUnemployment is spiraling toward 20%. Retail sales just dropped the most on record. Global economists predict the worst recession in eight decades. And stock investors have made peace with it all.Read in...
Apr 15, 2020
Stocks sink and Treasuries soar after bleak U.S. dataStocks slumped, while Treasuries surged as bleak retail, manufacturing and homebuilding data from the world’s largest economy added to concern over a severe global recession.Read in Bloomberg:...
Apr 14, 2020
JPMorgan Profit Sinks to Lowest Since 2013 on Virus FalloutJPMorgan Chase & Co. said first-quarter profit tumbled 69% to the lowest in more than six years as credit costs surged, giving investors a first glimpse at the extent of the damage Covid-19 is wreaking on...
Apr 13, 2020
U.S. Stocks Head Lower Following Their Biggest Week Since 1974By Associated Press Apr 13, 2020 By Alex Veiga and Damian J. Troise Stocks headed lower on Wall Street in early afternoon trading Monday as investors braced for a sobering first look this week at how the...
Apr 12, 2020
Stock-index futures dragged lower as oil stumbles after historic agreement on output cutsStock-index futures quickly give up early gains Sunday evening, as oil proved unable to get a lift from a historic agreement by major producers to curb production, ending a price...
Apr 12, 2020
China’s economy forecast drop 10% due to coronavirus shutdownCompared to the previous three months, China’s economy is forecast to be almost 10 per cent down and with a 6 per cent drop on last year. The UK economy could shrink by up to 15 to 25 per...
