Scaramucci’s SkyBridge hit with heavy redemption requests as fund fell: letter
Investors in SkyBridge Capital asked for hundreds of millions of dollars back after the fund suffered a 23% loss in March when investments made by...
Oil rises, but ends wild week lower as coronavirus slashes fuel demand
Oil prices rose on Friday but still posted a weekly loss, the eighth in nine weeks, as global production cuts could not keep pace with...
Congressional estimators see major U.S. economic decline in mid-2020 as coronavirus stifles activity
The U.S. economy faces a bleak immediate future with gross domestic product likely contracting 12% in the second quarter and the federal deficit growing to...
Wall Street Week Ahead: Spotlight falls on ‘dividend aristocrats’ after market tumult
Companies across a range of industries are slashing or suspending dividends to cope with the economic fallout from the coronavirus outbreak, complicating the stock selection...
NYSE eyes reopening trading floor, but timeline still unclear
The New York Stock Exchange plans to reopen its iconic trading floor, which is shuttered due to coronavirus concerns, as soon as possible, but it...
Wall Street curtails corporate lending in Europe to put America first: sources
U.S. investment banks are shrinking lending activity in Europe as the coronavirus crisis forces them to retreat home, allowing BNP Paribas and other European lenders...
U.S. weighs taking stakes in U.S. energy companies, other options: Mnuchin
The Trump administration is considering taking stakes in U.S. energy companies as one possible option as it seeks to help the nation’s oil and gas...
Stocks struggle with muddled government pandemic response
Global equity benchmarks struggled on Friday as some U.S. states began reopening businesses despite the disapproval of health experts, and as the European Union put...
Doubts gather over Boeing-Embraer deal as deadline nears: sources
A $4.2 billion deal for Boeing to buy the civil jetmaking arm of Brazil’s Embraer has hit a roadblock over implementation, threatening its collapse barring...
Coronavirus came to New York from Europe, not China: governor
New York Governor Andrew Cuomo said on Friday research showed that strains of the novel coronavirus first entered his state from Europe, not China, and...