Carmakers including Fiat Chrysler , VW and its premium unit Audi throttled back production at their European plants on Monday as fears over the coronavirus took their toll on producing goods.
‘The lesson of prior event-driven bear markets is that financial devastation ultimately allows a new bull market to be born,’ Goldman’s chief equity strategist David Kostin wrote in a note on March 13. …read more […]
The London Stock Exchange Group said on Monday it had gained approval from the U.S. Committee on Foreign Investment for its $27 billion takeover of analytics firm Refinitiv, judging there were no national security concerns with the deal.
JPMorgan Chase & Co has asked all managers globally to allow employees who can effectively work from home to begin doing so to help with social distancing as the coronavirus pandemic spreads, according to a memo seen by Reuters.
Lockheed Martin Corp said on Monday Marillyn Hewson will step down as chief executive officer, effective June 15.
A German supermarket chain called on Monday for students whose universities have shut due to the coronavirus crisis to help it refill its shelves after shoppers stockpiled many essential goods, known as “hamstering” in German.
United Airlines lost $1.5 billion in revenue and warns it is going to get worse. …read more […]
Brent fell by 10% on Monday, and U.S. crude to below $30, as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China’s factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus.
Let’s talk about the popular Prudential Financial, Inc. (NYSE:PRU). The company’s shares saw a decent share price… …read more […]
The U.S. stock market rout triggered by a deadly coronavirus outbreak suggests President Donald Trump is in grave danger of losing the November election, according to a forecasting model by Moody’s Analytics, a leading Wall Street research firm. A drop in the Standard & Poor’s 500 stock index to 2,500 points – roughly Thursday’s closing level – would signal enough economic anxiety to cost Trump the election, Bernard Yaros, an economist at Moody’s Analytics, said on Friday. …read more […]
When the U.S. Federal Reserve cut interest rates to near zero on Sunday, the dollar fell, since the move blew away the yield on owning dollars and with it much of their attraction.
Payments group Finablr on Monday expressed doubts about its ability to continue as a going concern and said its chief executive would step down.
Hong Kong’s Cathay Pacific Airways Ltd on Monday said it would sell six Boeing 777-300ER aircrafts and its associated equipment for $703.8 million to BOC Aviation Ltd .
When Japanese conglomerate Marubeni booked a loss of 3.9 billion yen ($35 million) at its U.S. grain trader Gavilon in November, it blamed adjustments for “inappropriate transactions” with Italy and Spain.
Valero Energy Corporation (NYSE:VLO) shareholders (or potential shareholders) will be happy to see that the… …read more […]
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