France’s high court has granted an Uber driver’s request to reclassify his contractual relationship with the ride-hailing operator as an employment contract, it said on Wednesday.
Will the world’s big central banks leave U.S. Federal Reserve Chair Jerome Powell hanging? They’re certainly going to try.
How do we determine whether Facebook Inc (NASDAQ:FB) makes for a good investment at the moment? We know coronavirus is probably the 1 concern in your mind right now. It should be. We estimate that COVID-19 will kill around 5 million people worldwide and there is actually a 3.3% probability that president Donald Trump will […] …read more […]
The coronavirus has put financial markets worldwide in panic mode. All major stock indices, including the S&P 500, have been seeing a persistent decline over the past week or so. However, even during such turbulent times, a few stocks have been unaffected or are gaining due to the coronavirus. When it comes to more realistic […] …read more […]
U.S. stock markets looked set to jump after a strong showing for Joe Biden in the Super Tuesday Democratic primaries on Wednesday, with Dow and S&P index futures rebounding around 2% from heavy losses a day earlier.
Iran’s Oil Minister Bijan Zanganeh said on Wednesday that the oil market was facing a surplus and needed to be balanced, SHANA, the news site of the Iranian oil ministry, reported. “It’s necessary for OPEC and non-OPEC to make all their efforts to balance the market.” Ministers from the Organization of the Petroleum Exporting Countries are due to meet this week in Vienna to discuss new oil output cuts to support oil prices. …read more […]
(Bloomberg) — IRB Brasil Resseguros SA tumbled the most on record after Warren Buffett’s Berkshire Hathaway Inc. pushed back against a media report that it held a stake in the Brazilian reinsurer.“Berkshire Hathaway Inc. is not currently a shareholder of IRB, it has never been a shareholder of IRB and it has no intention of becoming a shareholder of IRB,” Berkshire said Tuesday in a statement.Stock fell as much as 25% to 21.10 reais in Sao Paulo, the lowest intraday since October 2018.IRB had been targeted by short seller Squadra Investments, which alleged that the Brazilian reinsurer included one-offs in …read more […]
Here’s a complete rundown of what the Democratic presidential candidates say they’ll do to shore up the retirement system in the coming years. …read more […]
General Electric Co on Wednesday reiterated its 2020 cash and profit targets but warned its first-quarter cash flow would take a hit of $300 million to $500 million due to the coronavirus outbreak.
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. At that point the company said it would recover to generate between $2 billion to $4 billion in positive cashflow this year, and an adjusted profit of 50 cents to 60 cents per share. Analysts have estimated this year’s cashflow at a positive $2.77 billion. …read more […]
Headlines moving the stock market in real time. …read more […]
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.
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.
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.
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