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Stock market news live: Stock futures surge, Dow looks to advance 700+ points
Headlines moving the stock market in real time. …read more […]
Year: 2020
Business News
Oil rises $1 as OPEC, allies work on big output cut
Brent oil prices rose on Wednesday on expectations that major producers have moved closer to an agreement to enact deeper output cuts aimed at offsetting the slump in demand caused by the coronavirus outbreak.
Business News
GE to take up to $500 million cashflow hit from virus, sticks to targets
General Electric Co said on Wednesday it would take a hit of $300 million to $500 million to its first-quarter cash flow from the coronavirus outbreak, while reaffirming its cash and profit targets for the full year.
Business News
Fed’s economic survey set to offer more clues on coronavirus impact
A report by the Federal Reserve released on Wednesday will provide the first snapshot from the central bank’s business contacts on how deeply the coronavirus is impacting their supply chains and economic outlook and may provide some insight into the urgency that caused policymakers to cut interest rates.
Business News
Factbox: From shadow banking to coronavirus, U.S. regulators eye lurking risks
U.S. regulators will gather Wednesday at a scheduled meeting of the Financial Stability Oversight Council (FSOC) to discuss risks to the United States and beyond. With fears around coronavirus driving market turmoil not seen since the 2007-2009 financial crisis, here are some of the top risks in their sights.
Business News
Johnson & Johnson ordered to pay $1.7 million to three Australian women in pelvic mesh class action
An Australian court on Tuesday ordered Johnson & Johnson to pay three women a total of A$2.6 million ($1.7 million) plus legal costs as compensation for misleading patients and surgeons about the risks of its pelvic mesh implants.
Business News
Bayer’s top seed faces U.S. soybean challenge from Corteva
Bayer AG’s takeover of Monsanto has been beset by problems, and now a decades-long dominance of the $4 billion U.S. soybean seed market is under threat from rival Corteva Inc.
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Bayer's top seed faces U.S. soybean challenge from Corteva
CHICAGO/WINNIPEG, Manitoba (Reuters) – Bayer AG’s takeover of Monsanto has been beset by problems, and now a decades-long dominance of the $4 billion U.S. soybean seed market is under threat from rival Corteva Inc. Bayer told Reuters it expects plantings of its genetically modified Xtend soybean seeds to flatline this year for the first time, after three years of strong growth since their launch with an accompanying weed-killer. Meanwhile Corteva , formed last year from the agricultural units of Dow Chemical and DuPont, expects its Enlist E3 seed to make up 20% of the U.S. crop in …read more […]
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GE to take up to $500 million cashflow hit from virus, sticks to targets
Chief Executive Officer Larry Culp, who is restructuring GE after a series of failures, in January forecast its first-quarter free cash flow at a negative $2 billion, largely due to the grounding of Boeing Co’s 737 MAX for which it makes engines. …read more […]
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Shark Tank's Kevin O'Leary and the co-founder of the largest weed company just helped take a psychedelics startup public
Shark Tank’s Kevin O’Leary and Bruce Linton are betting big on psychedelics. …read more […]
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How the Fed left investors unsatisfied on Tuesday: Morning Brief
Top news and what to watch in the markets on Wednesday, March 4, 2020. …read more […]
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Huawei to build French factory regardless of 5G decision, executive says
Huawei will build a factory in France regardless of the government’s decision on whether to use its equipment in a new 5G network, an executive at the Chinese telecoms giant said. The world’s biggest telecom equipment maker said last week that it planned to build a manufacturing plant in France to ease worldwide concerns stoked by U.S. charges that Beijing could use Huawei’s equipment for spying. Europe has become a major battleground in this and France’s cybersecurity agency is screening 5G equipment, including from Huawei, for deployment in its new network. …read more […]
Business News
In next recession, Fed needs upfront promises, former staffers say
Two former top staffers at the U.S. Federal Reserve have joined in urging the Fed to say explicitly what it will do if interest rates hit zero again, and warned that even with the best laid plan the central bank “might simply run out of…firepower,” if a downturn is bad enough.
Business News
Oil rises as OPEC, allies work on big cut
Brent oil prices rose on Wednesday on expectations that major producers have moved closer to an agreement to enact deeper output cuts aimed at offsetting the slump in demand caused by the coronavirus outbreak.
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Will the bull market make it to 11, or will coronavirus fears end the stock market's longest run?
The bull market celebrates its 11th birthday on Monday. How will the coronavirus impact its record-breaking winning streak? …read more […]