Fundstrat Global Advisors Managing Partner & Head of Research Tom Lee of joins Yahoo Finance’s Zack Guzman to discuss the spike in weekly jobless claims and the Fed’s latest COVID-19 rescue plan. …read more […]
Morgan Stanley Chief Executive Officer James Gorman was diagnosed as being infected by the novel coronavirus after first experiencing symptoms nearly a month ago and has fully recovered, according to a video that was sent to the bank’s employees on Thursday.
OPEC and it allies held talks on Thursday on record oil output curbs of 15 million to 20 million barrels per day (bpd), or 15% to 20% of global supplies, to support prices hammered by the coronavirus crisis, OPEC and Russian sources said.
Clearsight Advisors Analyst Arel Rende joins Yahoo Finance’s On The Move to discuss the state of mergers and acquisitions during the coronavirus pandemic. …read more […]
U.S. House Speaker Nancy Pelosi said on Thursday the country’s smallest businesses need to be protected against the ravages of the coronavirus outbreak and pushed for $60 billion to be allocated to those enterprises in the next funding allocation.
A staggering 16.8 million Americans have filed for unemployment benefits in the last three weeks, with weekly new claims topping 6 million for the second straight time last week as the novel coronavirus outbreak relentlessly savages the economy.
The Federal Reserve has moved into overdrive to try to keep the U.S. economy from suffering lasting damage from the coronavirus pandemic, announcing an emergency interest rate cut on March 3 and rolling out new efforts almost weekly since, including slashing rates to zero and relaunching large-scale asset purchases.
Excelso Sabulao delivers groceries for Amazon.com Inc in California so he can help provide his parents an income. Now, with endless interactions at stores and at homes during a pandemic, he worries his work will kill them.
Anthony Scaramucci sat down with Yahoo Finance’s Editor-In-Chief Andy Serwer to discuss how the markets are faring comparing the 2008 recession and the 2020 coronavirus pandemic. …read more […]
Thank you, Jerome Powell and your friends at the Federal Reserve. …read more […]
The U.S. economy could be headed “fairly quickly” toward recovery if people stay home, government gets aid to businesses and households, and public health officials create a national plan to restart the economy, Federal Reserve Chair Jerome Powell said on Thursday.
British airline easyJet on Thursday said it would defer the delivery of 24 Airbus jets and hold a shareholder meeting after the airline’s founder Stelios Haji-Ioannou stepped up a disagreement over the airline’s expansion plans.
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