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Dollar stands tall as U.S. retail slump fans flight to safety
A flight to safety bid pushed the dollar higher against its peers on Thursday after dire retail and factory data showed the severity of the collapse in U.S. economic activity caused by the novel coronavirus pandemic......»»
Oil sinks as market doubts OPEC supply cuts will be enough
Oil prices tumbled on Thursday on doubts that a deal between OPEC and allies to make a record oil supply cut would be enough to offset the collapse in global fuel demand caused by the coronavirus pandemic......»»
Oil slumps, investors say OPEC supply cuts won"t be enough
Oil prices slumped on Thursday, giving back an earlier 10% surge as investors doubted the emerging supply-cut agreement between members of OPEC and its allies would adequately address the global fuel demand collapse caused by the coronavirus pandemic......»»
UPS downgraded by UBS on loss of higher-margin business
Analysts at UBS on Thursday downgraded their rating on United Parcel Service Inc. stock to neutral from buy, saying that headwinds from the economic collapse caused by th.....»»
Rent payments fall as layoffs ripple through real estate
The economic pain caused by the coronavirus is translating to lower rent collections this month. Just 69% of U.S. apartment renters made payments through April 5. That compares with 81% who paid... To view the full story, click the title link......»»
Financial pain piles up for colleges as some fight to survive
Colleges across the nation are scrambling to close deep budget holes and some have been pushed to the brink of collapse after the coronavirus outbreak triggered financial losses that could total m.....»»
Why Leveraged Loans, CLOs Feed Worries in Virus Slump
Higher-risk corners of the financial market are under stress from the economic collapse caused by the Covid-19 pandemic. One area that’s a focus of intense nail-biting is so-called leveraged loans -- or borrowing by companies with shakier credit .....»»
Why Leveraged Loans, CLOs Feed Worries in Virus Slump: QuickTake
Higher-risk corners of the financial market are under stress from the economic collapse caused by the Covid-19 pandemic. One area that’s a focus of intense nail-biting is so-called leveraged loans -- or borrowing by companies with shakier credit .....»»
Exclusive: Germany ready to nationalise airline Condor - sources
The German government stands ready to take over Condor as a deal for the airline to be bought by Polish rival LOT is likely to collapse in the industry turmoil caused by the coronavirus crisis, several people familiar with the matter told Reuters......»»
S&P 500 heads for worst first quarter since 1938
U.S. stock markets steadied on Tuesday at the end of the worst first quarter for the S&P 500 since 1938 amid growing evidence of the largescale damage caused by the collapse in oil prices and business activity due to the coronavirus......»»
S&P 500 set for worst first quarter since 1938
Wall Street was set to open lower on Tuesday, with the S&P 500 headed for its worst first quarter since 1938 as evidence grew of the scale of the damage caused by the collapse in oil prices and business activity due to the coronavirus......»»
Calls mount for new OPEC+ deal as oil prices and demand slide
Oil producers need to resume cooperation in an effort to stabilize the global market, Russian and OPEC officials said, as the industry reels from a demand and price collapse caused by the coronavirus pandemic and an emerging price war......»»
Trump signs emergency coronavirus package into law — with paid sick leave
AP Photo/Ted S. Warren President Donald Trump signed the Families First Coronavirus Response Act on Wednesday evening. Earlier on Wednesday, the Senate passed emergency measures to cushion the financial pain caused b.....»»
Wealth wipeout reshapes ranks of world"s richest people
The wealth destruction caused by Monday’s market collapse is reshaping the ranks of the world’s richest people......»»
Why The Coming Economic Collapse Will Not Be Caused By Covid-19
Why The Coming Economic Collapse Will Not Be Caused By Covid-19 Authored by Matthew Ehret via Off-Guardian.org, With last week's collapse in the stock market.....»»
Rent-regulated-building sales collapse after reforms, report finds
The approved during the summer caused sales of regulated buildings to The value of sales for buildings with at least one rent-regulated apartment dropped by more than $4 billion in the second half... To view the full story, click the title link......»»
Trade war"s pain could deepen even as tensions abate
The trade war is de-escalating, at least for now. But the economic damage it caused could be far from over. Two years of tit-for-tat tariffs and on-again-off-again trade talks have left America.....»»
Trade war"s pain could deepen even as tensions abate
The trade war is de-escalating, at least for now. But the economic damage it caused could be far from over. Two years of tit-for-tat tariffs and on-again-off-again trade talks have left America.....»»
Was Trump"s China trade war worth it?
Pretty much everyone agrees the trade war caused a lot of pain. For the deal to have any real gain, China must hold to its promises to open its markets and stop stealing intellectual property......»»
Brexmas blues hit UK retail
A Christmas crunch caused more pain for British retailers, according to a raft of reports from the sector on Thursday. David Pollard reports......»»