President Trump has reportedly pitched a 0% payroll tax rate for the rest of the year. Yahoo Finance’s Jessica Smith and Ben Phillips, EventShares Chief Investment Officer, break down possible stimulus packages amid coronavirus fears. …read more […]
Oil prices jumped over 8% on Tuesday, bouncing from the biggest rout in nearly 30 years a day earlier, as the possibility of economic stimulus encouraged buying and U.S. producers slashed spending in a move that could cut output.
Short interest on the New York Stock Exchange rose 2.74% in late February, the exchange said on Tuesday, suggesting an increase in bearish sentiment in the stock market.
Short interest on the Nasdaq rose 0.3% in late February, the exchange said on Tuesday.
Oil and global equity markets charged back on Tuesday after the prior day’s steep losses as the world’s biggest economies moved to cushion the impact of the coronavirus, but stock gains in Europe failed to hold as investors remained skittish.
Wall Street roared back to life on Tuesday, rebounding from the brink of bear market confirmation as bargain-hunting and hopes of government stimulus calmed investors’ fears surrounding the coronavirus and growing signs of imminent recession.
Mexico is seeking to mediate the oil dispute between Russia and Saudi Arabia, its finance minister said on Tuesday, saying the conflict that has battered global oil prices has affected Latin America’s second-largest economy.
Here is a list of international sports events hit by the coronavirus outbreak:
An analyst at Bernstein cut their price target on Disney, noting the increasing possibility of domestic park closures as the coronavirus outbreak continues to spread. The Final Round panel discusses the latest. …read more […]
Today most people are focused on the oil crash, but there are other moving parts they should pay attention to…
To start, many smaller exploration and production companies are surviving on thin air and a bunch of loans. With oil prices so low, most of these companies can’t meet their debt service, and that means problems for more than just the companies with the loans.
The banks that made those loans could be in trouble as well!
Unfortunately, banks love bad investments.
Just look back to the mortgage crisis of 2008 or the savings and loan crisis in the late ‘80s. If you think …read more […]
Republicans and Democrats have many ideological differences, and coronavirus is now on the list. …read more […]
(Bloomberg) — PG&E Corp. reached a deal with the U.S. Federal Emergency Management Agency over $3.9 billion in relief Washington provided after the utility’s power lines sparked devastating wildfires.The settlement, which requires court approval, calls for FEMA to reduce its claim to $1 billion and allow victims of wildfires blamed on PG&E equipment to be paid in full first, lawyers for the two sides said outside a bankruptcy hearing Tuesday in San Francisco.The California Governor’s Office of Emergency Services has agreed to withdraw its claims. Details of the agreement will be filed with the court in the coming days, lawyers …read more […]
Airlines around the world sank deeper into crisis on Tuesday as the worsening coronavirus epidemic and Italy’s lockdown hammered passenger numbers, forced the cancellation of thousands of flights and led to the delaying of plane orders.
Center for American Progress’s Andres Vinelli joins Yahoo Finance’s Seana Smith to discuss how the White House could help industries combat the coronavirus, following President Trump’s meeting with government officials. …read more […]
Barclays Plc has told employees that a member of its trading staff in its Manhattan office has tested positive for the coronavirus, the company said on Tuesday.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
