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Stocks fall with dollar after grim Powell outlook
U.S. stocks dropped after Federal Reserve Chair.....»»
"The worst is yet to come": The Fed"s Kashkari issues a grim outlook for US jobs, and urges more assistance from Congress
Thomson Reuters Federal Reserve Bank of Minneapolis President Neel Kashkari said that US workers will likely need more aid from Congress for a gradual coronavirus recovery on a Sunday interview with ABC's "The Week." "It's really ar.....»»
Key Words: A wave of bankruptcies, surging taxes, and Americans harboring lasting scars from coronavirus lockdowns — the head of world’s largest asset manager warns of grim outlook
The era of coronavirus h.....»»
BlackRock"s Fink delivers grim outlook for corporate America
BlackRock Inc. Chief Executive Officer Larry Fink had a stark message for a private audience: As bad as things have been for corporate America in recent weeks, they’re likely to get worse......»»
Grim business outlook clouds Trump"s hopes for rebound
Corporate leaders are rushing to reshape their businesses to ensure they survive. Their caution could again devastate the president’s favorite gauge of economic success: the stock market......»»
Grim business outlook clouds Trump"s hopes for "tremendous rebound"
Corporate leaders are rushing to reshape their businesses to ensure they survive. Their caution could again devastate the president’s favorite gauge of economic success: the stock market......»»
This "undervalued" asset is about to surge, billionaire investor says
Paul Singer, the hedge-fund billionaire behind Elliot Management, warned last month that the ultimate path of global stock markets is a drop of at least 50% from February highs. What’s an investor to do in the face of that grim outlook? Buy gold......»»
The Tell: The stock market may get cut in half, but this ‘most undervalued’ asset is about to surge, billionaire investor says
Paul Singer, the hedge-fund billionaire behind Elliot Management, warned last month that the ultimate path of global stock markets is a drop of at least 50% from February highs. What’s an investor to do in the face of that grim outlook? Buy gold......»»
Binance, Brock Pierce Donate $1M to Puerto Rico’s COVID-19 Fight
Brock Pierce’s nonprofit and Binance say they are buying $1 million in personal protective equipment to help fight coronavirus in Puerto Rico......»»
MarketWatch First Take: Google gives Wall Street what it wants, and the stock shoots higher
As the global pandemic continues to ravage the economy, Alphabet Inc.'s outlook for the second quarter was grim, but it could be the bottom for the ad and search giant, as it is making all the right moves to hunker down and wait out the storm......»»
About 90% of Americans have been ordered to stay at home. This map shows which cities and states are under lockdown.
William Campbell-Corbis via Getty Images Thirty-nine states, Washington, DC, Guam, and Puerto Rico have issued stay-at-home orders, encouraging.....»»
"This is what a recession looks like." D.C. officials offer grim financial outlook.
It could be two years before D.C. recovers from most of the economic impacts of the Covid-19 pandemic, according to a newly released budget forecast by D.C. Chief Financial Officer Jeffrey DeWitt. The District expects to lose as much as $721 million.....»»
Market Extra: Property bonds trading on Wall Street point to grim outlook for embattled hotel chains
Mortgage bond trading on Wall Street isn’t an exact science, but the price levels that sparked several parcels of hotel-chain property debt to trade on Thursday paint a grim picture for the lodging......»»
IMF predicts Great Depression-like world economy for 2020 amid pandemic
It should be no surprise that the outlook for the economy is grim, but a prediction for the entire world is that we are facing the worst recession since the Great Depression. Veuer’s Justin Kircher has the numbers......»»
Gold aims for highest finish in 7 years
Gold futures move sharply higher Monday as a grim outlook on the spread of coronavirus supported investor appetite for the haven metal......»»
Metals Stocks: Gold aims for highest finish in 7 years amid grim outlook on the spread of coronavirus
Gold futures move sharply higher Monday as a grim outlook on the spread of coronavirus supported investor appetite for the haven metal, even as U.S. benchmark stock indexes climb on hope that fatalities from the pandemic will soon reach a peak......»»
Airbnb"s CEO compared the coronavirus crisis to Hurricane Maria, saying its business will bounce back, just as it did after the storm that ravaged Puerto Rico
Mike Cohen/Getty Images for The New York Times Airbnb CEO Brian Chesky on Monday promised hosts that the company's business will bounce back following the.....»»
Triple-S says launched "Puerto Rico"s first prescription home delivery program"
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Coronavirus pushes United Airlines to offer buyouts to US employees
Airline employees in the U.S., Puerto Rico and Guam can ask for a buyout from March 26 through April 10......»»
US live coronavirus updates: 684 people have died, New York cases top 25,000, a growing number of states have ordered lockdowns
Josh Edelson/AFP via Getty Images The coronavirus has killed at least 684 people in the US. More than 53,000 coronavirus cases have been reported across all 50 states and Washington, DC. The virus has also spread to Guam, Puerto Rico, and the U.....»»