Fed Chair Jerome Powell said the coronavirus is the biggest shock to the economy in modern times, but that negative interest rates are currently not being considered. Yahoo Finance’s Brian Cheung joins Zack Guzman to break down the details. …read more […]
As the COVID-19 epidemic drags on, and unemployment rises, online equity trading platforms are seeing a surge in use and new sign-ups. The Robinhood app saw Q1 deposits increase by 300% year-over-year, while the popular social trading app eToro saw a 220% growth in trading use. The demographic breakdown of the new online traders makes a more interesting story, however. Data from the Wealthsimple Trade platform shows that 55% of new users are under age 35.The migration of Millennials to online trading should not come as a surprise. Jeff Bishop, founder of Raging Bull Trading, notes, “A lot of people …read more […]
Airbus is drawing up plans for a restructuring involving the possibility of “deep” job cuts as it braces for a prolonged coronavirus crisis after furloughing thousands of workers, industry sources said.
A potential tie-up between Uber and Grubhub could balloon the ride-hailing company’s market share and bring forth long term synergies, according to Morningstar senior analyst Ali Mogharabi. …read more […]
The VIX is very near Goldilocks territory.
If that statement sounds cryptic, it’s not. In fact, it’s very straightforward. It’s also a very good thing for investors, and short-term traders in particular.
The VIX is the Chicago Board Options Exchange Volatility Index. It measures market volatility by looking at put and call options on the broad market of S&P 500 stocks.
If the VIX is high, the market will see big swings, either up or down. That was the case in mid-March, when the VIX peaked above 80. On March 16, the S&P 500 fell nearly 12%, the third-biggest daily loss since 1926. …read more […]
Amazon.com Inc said on Wednesday it would extend the temporary increase in its hourly pay and double the overtime pay through May 30, bringing its total salary cost for hourly employees to nearly $800 million.
Online retailer Amazon.com , criticized for not acting quickly enough to curb sellers who charged hundreds of dollars for high-demand hand sanitizer during the early phase of the new coronavirus pandemic, urged Congress on Wednesday to pass a law against price gouging during times of national emergency.
Deutsche Bank’s regulators in the United States have criticised the German lender in an internal audit for weaknesses in fighting money laundering and in risk management, according to a German newspaper on Wednesday.
(Bloomberg) — Senator Bernie Sanders and Representative Ilhan Omar led a group of lawmakers from two dozen countries calling for the International Monetary Fund and World Bank to forgive the debt of the world’s poorest countries and step up their support.The debt payment standstill announced last month by the Group of 20 won’t be enough to allow the countries to deal with the crisis, the lawmakers, including the U.K.’s Jeremy Corbyn, said in a letter Wednesday. Fitch Ratings last month warned that multilateral development banks could see their credit ratings suffer if they let the poorest nations suspend sovereign debt …read more […]
The stock market could get stuck in the mud soon. This top strategist explains why. …read more […]
Airbus is drawing up plans for restructuring involving “deep” job cuts, but has not taken a final decision, industry sources said. If the move is confirmed, the European planemaker is expected to brief unions on the proposals around the end of the month and is meanwhile drawing up contingency plans for a prolonged crisis after furloughing thousands of workers. Chief Executive Guillaume Faury is expected to update managers this week after warning staff last month that the firm’s survival was at stake due to a slump in demand. …read more […]
(Bloomberg) — The Trump administration said firms that took loans that they didn’t need from a small business aid program will be allowed to repay the money without legal consequences, reversing an earlier threat that the government could pursue them criminally.New guidance issued Wednesday for the Paycheck Protection Program by the Small Business Administration and the Treasury Department also said that companies that took loans of less than $2 million will automatically be determined to have done so in good faith because they’re less likely to have access to other resources.The SBA will review all loans above $2 million to …read more […]
Facebook agreed to compensate $52 million to its content moderators who developed PTSD and other mental health issues on the job. Yahoo Finance’s On The Move panel breaks down the latest developments. …read more […]
Airbus is drawing up plans for restructuring involving “deep” job cuts, but has not taken a final decision, industry sources said.
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