GE’s aviation unit to cut 10% of U.S. workforce: CEO
General Electric Co’s aviation unit will cut its U.S. workforce by about 10%, Chief Executive Officer Larry Culp said in a letter to staff on...
Fed aims ‘bazooka’ at coronavirus to backstop economy
The U.S. Federal Reserve on Monday rolled out an extraordinary new array of programs aimed at blunting the “severe disruptions” to the economy caused by...
Wall Street falls as Fed fails to assuage virus worries
Wall Street slipped on Monday as the still rapidly spreading coronavirus forced more U.S. states into lockdown, eclipsing optimism from an unprecedented round of policy...
PG&E to plead guilty to 84 involuntary manslaughter counts over 2018 wildfire
Pacific Gas & Electric has agreed to plead guilty to 84 involuntary manslaughter counts in connection with the 2018 Camp Fire, the most destructive wildfire...
Coronavirus fears spark surge in a volatility-focused ETN, but with a downside
A product that traders use to profit from surges in volatility has soared as coronavirus fears ravaged stocks, prompting concern about a plunge if the...
Fed support fails to pull stocks out of dive
Fresh support announced by the Federal Reserve failed to lift Wall Street on Monday, after Europe and Asia had both been overwhelmed by the coronavirus...
U.S. credit spreads narrow after unprecedented Fed stimulus
U.S. corporate credit spreads narrowed on Monday, indicating positive investor sentiment, following the Federal Reserve’s announcement that it would backstop an unprecedented range of credit....
U.S. Fed aims ‘bazooka’ at coronavirus to backstop economy
The U.S. Federal Reserve on Monday mounted an extraordinary new array of programs to offset the “severe disruptions” to the economy caused by the coronarvirus...
H&M scraps dividend due to coronavirus as all costs under review
Sweden’s H&M , the world’s second largest clothing retailer said on Monday it had decided to scrap its proposed dividend due to the coronavirus outbreak,...
Futures pare losses after Fed launches direct cash injections
U.S. stocks futures pared losses on Monday after the Federal Reserve launched unprecedented measures to support U.S. households and companies, seeking to blunt the economic...