S&P 500, Dow slip after Powell’s somber outlook on economy
The S&P 500 and Dow slipped on Wednesday as Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes,...
Wall Street bonuses set to fall by as much as 30% in 2020: report
Wall Street bonuses for 2020 could fall by as much as 25%-30% due to the deep cuts to revenues recorded by banks and hedge funds...
OPEC slashes oil demand forecast but sees cuts helping restore balance
OPEC on Wednesday again slashed its forecast for global oil demand this year as the coronavirus outbreak causes a global recession, although it said record...
Jersey jackpot of $2 million awaits Deutsche’s lost shareholders
While Deutsche Bank employees fret about their jobs and pay, Germany’s largest lender is trying to track down several hundred former staff to claim share...
Amazon launches three new models of Fire tablet
Amazon.com Inc on Wednesday launched three new versions of its Fire tablets with more storage and faster performance....
EU consumer group warns against ‘game-changer’ Google-Fitbit deal
Alphabet Inc-owned Google’s planned $2.1 billion buy of fitness trackers company Fitbit may harm consumers and hinder innovation, European consumer group BEUC said on Wednesday,...
F3 racing driver swaps tracks for simulator driving
German Formula Three driver Sophia Floersch has been forced off her much loved tracks as the coronavirus continues to disrupt global sporting events....
Merkel urges Germans not to jeopardise coronavirus achievements
Chancellor Angela Merkel urged Germans on Wednesday not to endanger what the country has achieved in slowing the spread of the coronavirus, adding the pandemic...
Russia probes ventilators sent to U.S. after deadly fires
Moscow has begun investigating the safety of a Russian-made medical ventilator, some of which have been sent to the United States though not used, after...
China strives for widespread virus testing
While coronavirus tests can be difficult to obtain in many countries, China is rapidly expanding their availability and affordability. It’s enabling the masses – not...