Coming next from the Fed: How much for Main Street?
The U.S. Federal Reserve responded fast to the coronavirus crisis with open-ended programs to keep financial markets running and ensure major companies could raise cash...
U.S. GDP will contract 30% in second quarter, 5% in 2020: PIMCO
The forced closure of businesses across the United States and surge in unemployment due to the coronavirus pandemic will force U.S. growth to contract by...
Fed’s Barkin: coronavirus blow to U.S. economy will be deep
The economic downturn from the coronavirus outbreak in the United States will be deep and any recovery will depend on consumers feeling safe enough to...
Oil futures higher on production cut hopes as inventory build limits gains
Crude prices edged up on Wednesday, buoyed by hopes that OPEC and its allies will strike a production cut agreement, but surging U.S. crude inventories...
U.S. oil firms likely to ‘organically’ cut four million barrels per day: regulator
OPEC members and other oil producers need to cut at least 20 million barrels per day of output, a Texas oil and gas regulator said...
Wall Street climbs on hopes of outbreak peaking, Sanders suspending White House bid
Wall Street rose on Wednesday on hopes the coronavirus outbreak in the United States was close to its peak, with health insurers boosted by Democratic...
Dow Jones CEO Will Lewis to step down: FT
The chief executive officer of News Corp owned Dow Jones, Will Lewis, is stepping down, according to a report by Financial Times on Wednesday, citing...
Centerview turns to Matthieu Pigasse to lead new Paris hub
U.S. investment bank Centerview has hired Lazard’s former France boss, Matthieu Pigasse, to lead its newly-launched Paris office and win business from European companies grappling...
Agnelli family’s Exor vows to push through big deals despite pandemic
The boss of Exor showed confidence on Wednesday in the success of three transformative deals set to reshape its multi-billion portfolio of corporate holdings, despite...
Lufthansa’s Austrian unit negotiates state aid, job cuts
Austrian Airlines is in negotiations with the government regarding state aid to save jobs and keep Vienna as a transfer hub for long-haul flights, the...