BNY Mellon money fund gets capital infusion after ‘shadow price’ falls
A New Jersey municipal money-market fund run by BNY Mellon Corp needed an injection of $89,000 after the market value of the fund came under...
Fed’s stimulus eases global market fears, gets cash flowing
By Gertrude Chavez-Dreyfuss, Kate Duguid and Abhinav Ramnarayan...
Nike revenue beats as digital growth offsets rare China sales fall on virus hit
Nike Inc beat estimates for quarterly revenue on Tuesday as strong digital demand offset the first China sales drop in nearly six years from the...
U.S. activist investors Land & Buildings, Engaged raise new capital: sources
Several investors who push management to perform better are trying to raise hundreds of millions of dollars in new cash to buy stakes in companies...
Stocks, gold surge as Congress nears $2 trillion aid package
Stock markets soared on Tuesday, with a gauge of global equities posting its biggest gain since the coronavirus roiled financial markets a month ago, as...
Nike’s revenue beats as North America, Europe offset China sales drop
Nike Inc beat Wall Street estimates for quarterly revenue on Tuesday, powered by demand in North America and Europe that blunted the drop in China...
Dollar pares losses as investors wait on stimulus bill
The dollar gave up most of its early losses on Tuesday as investors waited on a Senate stimulus bill meant to blunt the economic impact...
Dow soars over 11% in strongest one-day performance since 1933
The Dow soared in its biggest one-day percentage gain since 1933 on Tuesday after U.S. lawmakers said they were close to a deal for an...
Boeing CFO says aerospace industry needs credit urgently, markets closed to new debt
Boeing Co’s chief financial officer said on Tuesday the U.S. aerospace industry urgently needs credit to cope with the coronavirus pandemic but “markets essentially are...
Trump says he will not let Boeing go out of business: Fox News interview
President Donald Trump said on Tuesday that he would not let airplane maker Boeing Co go out of business as a result of the economic...