Swedish retailer H&M has sent notice of temporary lay-offs to 2,000 employees in Norway due to the coronavirus outbreak, Norwegian business daily Dagens Naeringsliv reported on Thursday, citing the head of the Norwegian business.
The Bank of England cut interest rates to 0.1% on Thursday, its second emergency rate cut in just over a week, and promised 200 billion pounds of bond purchases in a fresh attempt to shield Britain’s economy from the coronavirus outbreak.
President Donald Trump on Thursday opened the door to a radical shift in the U.S. government’s relationship to private industry as the coronavirus outbreak upends the nation’s economy, saying he would back the government taking stakes in certain companies.
Congressional leaders are racing to draft an economic rescue plan that could exceed the size and scope of the emergency measures taken during the 2008 financial crisis. American Progress Senior Fellow Seth Hanlon joins Yahoo Finance’s Zack Guzman to discuss. …read more […]
The global pandemic and resulting market sell-off may seem like a nightmare right now, but the dust will settle soon.
As Nicholas Vardy discusses today, the market drop has created some incredible wealth creation opportunities for savvy investors. Such as one in Berkshire Hathaway stock.
The year is 2022. And you are sitting on a “bloody fortune.”
After a turbulent year in 2020 – even as investors around the world were losing their heads – you kept your cool.
You understood that the market sell-off in March 2020 was a gift from the market gods.
In time, COVID-19 came and went. The final death toll …read more […]
Forecasters say rates could drop sharply, but you can’t count on that. …read more […]
U.S. President Donald Trump on Thursday said he would get involved in the oil price war between Saudi Arabia and Russia at the appropriate time, saying low gasoline prices were good for U.S. consumers even as they were hurting the industry.
The U.S. Centers for Disease Control and Prevention (CDC) on Thursday reported 10,491 cases of coronavirus, an increase of 3,404 from its previous count, and said the death toll had risen by 53 to 150, the biggest one-day jump so far.
Wall Street tried to bounce back on Thursday from dramatic losses in the previous session, as policymakers around the world pulled out all the stops to try and stave off a deep and lasting coronavirus-driven recession.
Italian carmakers Ferrari and Fiat Chrysler are in talks with the nation’s biggest ventilator manufacturer to help to boost production of the life-saving machines that are urgently needed in the coronavirus crisis, company officials said on Thursday.
With so many people forced to work from home, companies like Microsoft and Slack are seeing millions of more users accessing their video and chat apps. …read more […]
Get those bailouts to the airlines Mr. President. The coronavirus is crushing the sector. …read more […]
Yahoo Finance’s Jared Blikre joins the On The Move panel to break down today’s latest market action. …read more […]
Wells Fargo analysts argue that “while this measure may not ease the near-term burden for those who are still able to meet monthly payments, it will be a boost for households that are negatively impacted.” …read more […]
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