Fed’s Rosengren: Virus likely to hit real estate, office loans
The coronavirus crisis is likely to cut home and office building prices, may lead to a permanent shift in the demand for office space, and...
Trump invites Big Oil to discuss help for ailing industry
U.S. President Donald Trump has invited oil executives to the White House to discuss potential aid for the industry, which has been hammered by slumping...
Oil ends lower after U.S. crude stockpiles jump, gasoline demand sinks
Oil prices fell on Wednesday after U.S. crude inventories rose last week by the most since 2016, while gasoline demand suffered its biggest weekly drop...
Wall Street’s major indexes slammed as virus anxiety grows
The key S&P 500 index was down more than 4% on Wednesday after a dire warning on the U.S. death toll from the coronavirus and...
Putin calls for action on ‘challenging’ energy market, Trump laments cheap oil
Russian President Vladimir Putin called on Wednesday for global oil producers and consumers to address “challenging” oil markets while U.S. President Donald Trump complained that...
Fed’s Rosengren says unemployment rate could ‘rise dramatically’
Boston Federal Reserve Bank President Eric Rosengren said social distancing efforts meant to contain the coronavirus outbreak have “stilled” the economy and could lead the...
Oil falls after U.S. crude stockpiles jump and gasoline demand slumps
Oil prices fell on Wednesday after data showed U.S. crude inventories rose last week by the most since 2016 while gasoline demand suffered its biggest...
U.S. dollar rises as global slump looms
The dollar advanced on Wednesday, with markets staring at what looked likely to be one of the worst economic contractions in decades as the world...
EU industry chief sees no quid pro quo in Huawei’s ‘mask diplomacy’
EU industry chief Thierry Breton on Wednesday said he did not see any ulterior motive behind Huawei’s donations of face masks to the bloc and...
Democrats urge U.S. Treasury not to delay $25 billion in grants to airlines
U.S. House Speaker Nancy Pelosi urged the U.S. Treasury on Wednesday not to hold up $25 billion in cash grants approved by Congress last week...