JPMorgan plans to raise up to $10 billion for alternative investments: source
JPMorgan Chase & Co’s alternative investments unit is looking to raise up to $10 billion to boost its spending power in the face of the...
AmEx to avoid job cuts as it rides out coronavirus storm
American Express Co will avoid job cuts in 2020 as the credit card issuer “rides out the storm” brought on by the coronavirus pandemic, Chief...
U.S. markets watchdog Clayton says SEC should not ban short-selling of shares
The head of the U.S. Securities and Exchange Commission said on Monday that it should not ban short-selling of shares, amid speculation on further measures...
AmEx to freeze hiring, not cut jobs as coronavirus crisis deepens: Bloomberg News
Credit card issuer American Express Co will freeze hiring and avoid job cuts this year in response to the coronavirus pandemic, Bloomberg news reported on...
Bostic: Fed programs could be broadened if they have missed important parts of economy
As U.S. officials role out trillions of dollars in new economic support, a Federal Reserve policymaker on Monday said focus will now shift to whether...
Coronavirus drives U.S. March auto sales off a cliff
U.S. new vehicle sales likely drove off a cliff in March as the coronavirus pandemic pounded consumer confidence and shuttered dealerships across much of the...
Harley-Davidson settles board fight with investor Impala
Harley-Davidson Inc said on Monday it settled a board fight with Impala Asset Management just days after the investor began pressing to replace two directors...
Disney Chairman Bob Iger to forgo salary amid virus crisis
Walt Disney Inc Executive Chairman Bob Iger will forgo his salary and newly named Chief Executive Officer Bob Chapek will take a 50% pay cut...
Macy’s to furlough nearly 130,000 employees as virus keeps stores shut
Macy’s Inc said on Monday it would furlough most of its employees starting this week as all stores of the department chain operator stay closed...
UK’s Aston Martin furloughing some staff after coronavirus plant closures
Britain’s Aston Martin is furloughing some employees as it handles the fallout from the coronavirus outbreak which has closed its car factories as production of...