Wall St. sees biggest weekly slump since 2008 crisis
Stocks fell for a seventh straight session and suffered their largest weekly drop since the financial crisis but ended Friday above their lows after Federal Reserve Chairman Jerome Powell issued a statement. Conway G. Gittens reports......»»
Short-Line Railroads Prove To Be Appealing Investments
Private equity funds and other investors are scouring 35,000 miles of North American short-line rail track for deals even as the industry sees one of the biggest volume drops since 2008. read more.....»»
The Fed Is Now Buying Bond ETFs: Here Is What You Need To Know
The Fed Is Now Buying Bond ETFs: Here Is What You Need To Know Not even at the depths of the 2008 financial crisis, did the man who unleashed the biggest asset bubble in hi.....»»
U.S. consumer prices post biggest decrease since 2008
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as people stayed home during the coronavirus crisis......»»
Caterpillar sees virus pain intensifying after profit trails
The world’s biggest maker of mining and construction equipment is predicting that the pain from the coronavirus crisis is far from over......»»
Goldman Sachs says Amazon"s stock will surge 20% from current levels, making it the new biggest bull on Wall Street (AMZN)
REUTERS/Lucas Jackson/File Photo In a note published Thursday morning, Goldman Sachs raised its Amazon price target to a street high $2,900, implying 20% upside from current levels. Goldman sees the e-comme.....»»
Earnings are set for their biggest dive since late 2009
The S&P 500 index is set to suffer the worst quarter for earnings since the 2008 financial crisis, and it’s likely to get a lot worse because these results will barely show the impact of the COVID-19 pandemic......»»
Wall Street falls as U.S. crude crash adds to pandemic woes
Wall Street retreated for a second straight day on Tuesday as a collapse in U.S. crude prices and glum annual forecasts by companies foreshadowed the biggest economic slump since the Great Depression......»»
Wall Street falls as U.S. crude collapse compounds pandemic woes
Wall Street retreated for a second straight day on Tuesday as a collapse in U.S. crude prices and glum annual profit forecasts by companies foreshadowed the biggest economic slump since the Great Depression due to the coronavirus outbreak......»»
Earnings Watch: Earnings are set for their biggest dive since late 2009 — and it gets worse from here
The S&P 500 index is set to suffer the worst quarter for earnings since the 2008 financial crisis, and it’s likely to get a lot worse because these results will barely show the impact of the COVID-19 pandemic......»»
Guggenheim CIO Sees S&P500 Falling As Low As 1,200
Guggenheim CIO Sees S&P500 Falling As Low As 1,200 With Morgan Stanley's (former) uber-bear Michael Wilson emerging recently as one of the biggest bulls on Wall Street, a power - or rather wildlife - vacuum emerged over the .....»»
Europe car sales tank 55% in March on coronavirus lockdowns
The drop even tops that from the 2008-9 global financial crisis, which triggered a six-year slump in car purchases.....»»
Oil prices fall after U.S. sees record crude storage build
Oil prices sank on Wednesday after the United States reported its biggest weekly build of crude oil inventories on record, while forecasts showed global demand crumbling to its worst levels in a quarter of a century......»»
Wall St tumbles on gloomy economic data, bank earnings
Wall Street's main indexes slid 2% on Wednesday, as a record drop in retail sales and dour first-quarter earnings reports lent weight to forecasts for the biggest economic slump since the Great Depression......»»
Dimon sees ‘bad recession’ and echoes of 2008 crisis ahead
Jamie Dimon said the coronavirus pandemic will lead to a major economic downturn and stress mirroring the meltdown that nearly brought down the U.S. financial system in 2008. “At a minimum, we... To view the full story, click the title link......»»
Market Snapshot: Dow nears 600-point gain amid tentative hopes for U.S. to re-open economy
U.S. stocks saw sharp gains on Wednesday, a day after the Dow and S&P 500 staged their biggest reversals since the 2008 financial crisis, as investors struggle to gauge how the U.S. economy might fare after the COVID-19 pandemic......»»
OECD says leading indicators flag biggest monthly drop on record
Major economies are seeing the biggest monthly slump in activity ever amid the coronavirus crisis and no end is in sight without clarity about how long lockdowns will last, the Organisation for Economic Cooperation and Development said on Wednesday......»»
Graphic: Oil majors cut 2020 spending by 22% after prices slump
The world's biggest oil and gas companies are cutting spending this year following a collapse in oil prices driven by a slump in demand because of the coronavirus crisis and a price war between top exporters Saudi Arabia and Russia......»»
Mortgage defaults could pile up at pace that dwarfs 2008
Mortgage lenders are preparing for the biggest wave of delinquencies in history. If the plan to buy time works, they may avert an even worse crisis: Mass foreclosures and mortgage market mayhem......»»
Mortgage defaults could pile up at pace that dwarfs 2008
Mortgage lenders are preparing for the biggest wave of delinquencies in history. If the plan to buy time works, they may avert an even worse crisis: Mass foreclosures and mortgage market mayhem......»»
Oil majors slash 2020 spending by 20% after prices slump
The world's biggest oil and gas companies are cutting spending this year following a collapse in oil prices driven by a slump in demand because of the coronavirus crisis and a price war between top exporters Saudi Arabia and Russia......»»