Fed’s term repo operation receives no bids for first time
The Federal Reserve’s term repurchase agreement (repo) operation on Friday morning received no bids out of a possible $500 billion for the first time since...
Wall Street drops after three-day surge as virus threat intensifies
Wall Street fell more than 3% on Friday, following the S&P 500 and the Dow’s best three-day run in nearly a century, as fears about...
Lockheed Martin speeds up payments to suppliers amid coronavirus slowdown
Defense contractor Lockheed Martin Corp said on Friday that it would advance more than $50 million to suppliers hurt by a sharp economic slowdown caused...
Ackman says TV interview did not lead to profit on trades
Billionaire investor William Ackman said a CNBC television interview he gave last week was not designed to profit from any trades, dismissing some media speculation...
U.S. consumer spending, inflation moderate in February
U.S. consumer spending rose moderately in February and momentum is set to fade rapidly in the coming months, with the coronavirus pandemic upending life for...
Indian lockdown disrupts Amazon, Flipkart deliveries: sources
India’s coronavirus lockdown is disrupting e-commerce companies including Amazon and Flipkart, despite government assurances it would not, four sources familiar with the matter told Reuters....
Lufthansa applies for short-time work for 31,000 employees
Lufthansa has applied for short-time work for around 31,000 crew and ground staff at its core brand until the end of August, a spokesman said...
Wall Street heads for lower open after three-day surge as virus fears grow
U.S. stock indexes were set to fall sharply at the open on Friday, following the S&P 500 and the Dow’s best three-day run in nearly...
Calls mount for new OPEC+ deal as oil prices and demand slide
Oil producers need to resume cooperation in an effort to stabilize the global market, Russian and OPEC officials said, as the industry reels from a...
We need to act, ECB’s Lagarde tells feuding EU on coronavirus rescue: sources
European Central Bank chief Christine Lagarde urged wrangling EU leaders to act more decisively to cushion the economic hit of the coronavirus pandemic, three sources...