Coronavirus hits Wall Street"s bonus pool, layoffs on the table
Wall Street bonuses will fall roughly 30% this year, and firms are considering layoffs to preserve profits during the coronavirus recession......»»
Market Extra: Cracks in this multidecade relationship between stocks and bonds could roil Wall Street
With bonds and stocks both taking hits this week, investors are facing the ugly possibility that the multidecade relationship between the two assets are on the precipice of breaking down......»»
A Johns Hopkins professor predicts the US will reach herd immunity by April, but many experts aren"t so optimistic
The nation's rapid drop in coronavirus cases is evidence it's close to reaching herd immunity, Dr. Martin Makary wrote in The Wall Street Journal. Peopl.....»»
The Wall Street Journal: New York sues Amazon, alleging it’s failed to protect workers from coronavirus
New York’s attorney general has filed a lawsuit against Amazon.com Inc. that accuses the online retailer of not doing enough to protect workers in the state from the coronavirus......»»
Bitcoin jumps to within $2 of $50,000 as currency hits new high thanks to Wall Street interest
The bitcoin price.....»»
One chart shows how Main Street feels blue as Wall Street hits record highs
While the stock market may be on the uptick, unemployment rates remain high - and may not return to pre-pandemic levels for a decade. Labor organizations called for car caravan demonstrations across the US to protest record unemployment on .....»»
The Wall Street Journal: Canada extends cruise-ship ban through February 2022
The extended ban complicates cruise operators’ efforts to restart sailings in North America this year, prolonging their hiatus since voyages came to a halt in March 2020 due to coronavirus outbreaks on ships......»»
Europe Markets: Stocks in Europe, Dow futures slump as hedge funds retreat in wake of GameStop-led frenzy
European stocks traded lower on Thursday, feeling the pressure from a wild day on Wall Street in which major funds took positions off the table so that they didn't get burned by a band of retail investors punishing short sellers......»»
Stock futures little changed as barrage of earnings hits Wall Street
U.S. stock futures had the major averages on track to contend with record highs at the opening bell as a flood of corporate earnings washed across Wall Street......»»
The Wall Street Journal: Medical-supply companies Steris and Cantel in talks to join forces: sources
The coronavirus pandemic has been a mixed bag for the sterilization-products companies’ businesses......»»
Another Wall Street firm opening office in Florida
Yet another financial firm is leaving Wall Street and headed to the Sunshine State, the latest trend born of the coronavirus pandemic, which has forced scores of workers into remote settings, slashing the need for expensive office space in the Big Apple. .....»»
More stock market records expected as coronavirus recovery continues in 2021
The S&P 500 is on track for more record highs in 2021 as a COVID-19 vaccine fuels a reopening of the global economy, Wall Street analysts say......»»
Pfizer Nears Deal To Supply Another 100M COVID-19 Vaccine Doses To US By July
Pfizer Inc (NYSE: PFE) is nearing a deal with the outgoing President Donald Trump's administration to supply 100 million doses of its coronavirus vaccine to the United States, the Wall Street Journal read more.....»»
Wall Street"s "fear index" surges most since height of coronavirus selling in March as stock market skids on virus worries
A measure of implied volatility on Wall Street early Monday touched the highest level since November on reports of a new strain of coronavirus that has caused tightened social-media restrictions and lockdowns in parts of Europe. Concerns .....»»
Why the record-shattering stock market will only get cheaper as gains continue, according to one Wall Street chief strategist
The index's current valuation "appears extreme," but mostly because stock fundamentals were slammed by the coronavirus pandemic, the strategist said. Spencer Platt/Getty Images The S&P 500's valuation may sit near historic highs but histo.....»»
Stock market briefly hits records as Wall Street kicks off trade in quadruple-witching Friday; Tesla set to enter the S&P 500
U.S. stock benchmarks on Friday rose tepidly higher but enough to briefly notch record levels for the three main equity benchmarks, with investors focused on the prospect of a possible $900 billi.....»»
Wall Street falls as trade war fears add to virus woes
A slump in technology stocks knocked Wall Street's main indexes lower on Friday, as signs of deteriorating trade relations between the United States and China added to economic worries due to the novel coronavirus pandemic......»»
Wall Street retreats as trade war fears compound virus woes
U.S. stocks dropped on Friday as signs of deteriorating trade relations between the United States and China added to economic worries due to the novel coronavirus pandemic......»»
Wall Street closes with strong gains as recovery hopes offset pandemic fears
Wall Street surged on Thursday as investors weighed the prospect of economic recovery against bellicose remarks from President Donald Trump regarding U.S.-China trade and a whistleblower's dire warnings about the U.S. response to the coronavirus pandemic......»»
McDonald"s issues new guidelines to U.S. franchisees on restaurant reopenings: WSJ
McDonald's Corp has asked its U.S. franchisees to make a series of changes in restaurants before reopening to diners in an effort avoid the spread of the new coronavirus, the Wall Street Journal reported on Thursday......»»
The Wall Street Journal: Abbott’s coronavirus test misses many positive cases, researchers say
Researchers reported a device manufactured by Abbott Laboratories widely used to swiftly detect coronavirus, including among senior White House officials, missed nearly half of the positive cases detected by another common test......»»