Wells Fargo & Co will join other large U.S. banks in paying out special compensation to front-line employees, according to a memo seen by Reuters.
Asian stocks rallied on Tuesday as the U.S. Federal Reserve’s sweeping pledge to spend whatever it took to stabilize the financial system eased debt market pressures, even if it could not offset the immediate economic hit of the coronavirus.
U.S. Treasury Secretary Steven Mnuchin said on Monday that Republican and Democratic senators and Trump administration negotiators were nearing a deal on a coronavirus stimulus bill.
(Bloomberg) — The U.K. became the latest nation to put its citizens under lockdown, while President Donald Trump said the U.S. economy can’t remain slowed for too long, declaring the country “was not built to be shut down.”China’s imported infections nearly doubled, and Singapore reported its largest daily increase in cases. Deaths in Italy, the epicenter of the outbreak in Europe, slowed for a second day. Chancellor Angela Merkel’s first coronavirus test came back negative.The Federal Reserve announced a second wave of initiatives after Democrats blocked the Senate from advancing a rescue plan. An International Olympic Committee member said a …read more […]
Asian stocks rallied on Tuesday as the U.S. Federal Reserve’s sweeping pledge to spend whatever it took to stabilize the financial system eased debt market pressures, even if it could not offset the immediate economic hit of the coronavirus. While Wall Street seemed unimpressed, investors in Asia were encouraged enough to lift E-Mini futures for the S&P 500 by 1.9% and Japan’s Nikkei by 4.9%. MSCI’s broadest index of Asia-Pacific shares outside Japan added 1.2%, though that followed a drop of almost 6% on Monday. …read more […]
Mondelez International Inc on Monday said it would increase hourly wage by $2 and pay a $125 weekly bonus for its sales representatives as it rushes to meet a surge in demand for its packaged food due to the coronavirus outbreak.
Bombardier will suspend Canadian production of its corporate jets to comply with restrictions imposed by provincial governments aimed at curbing the spread of the coronavirus, a source familiar with the matter said on Monday.
U.S. crude oil futures climbed more than $1 on Tuesday as the dollar index weakened and hopes grew of a detente in the price war between producers Saudi Arabia and Russia.
Even with Uber rides down 60% due to coronavirus, Uber’s CEO sees multiple silver linings that will help Uber weather the storm—that optimism has sent the stock higher. …read more […]
Twitter Inc pulled its first-quarter revenue outlook and forecast an operating loss on Monday as the coronavirus outbreak crimped ad sales, but said the pandemic boosted the number of active users on the microblogging platform.
U.S. President Donald Trump said on Monday he will not allow the coronavirus to do long-lasting damage to the U.S. economy and that he would consider how to move forward after a 15-day shutdown ends next week.
As restaurants and bars across the United States shut their doors and lay off their staff in the wake of the coronavirus outbreak, America’s famed service culture is moving online – with regulars paying their out-of-work waiters, favorite bar staff, and even total strangers via virtual tip jars.
Have you ever marveled at someone who is absolutely calm in the face of chaos?
Captain Sullenberger, the US Airways captain who landed his failing plane in the Hudson River, is probably the greatest recent example of that…
Or Muhammad Ali, leaning back against the ropes in Zaire while 60,000 fans screamed and George Foreman – one of the hardest punchers in boxing history – threw murderous punches at his head and body.
All the while, Ali knew Big George would tire himself out. The Greatest would get him shortly after…
Their cool and focused minds led to the best possible outcomes in what …read more […]
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