Oil extends slide, nears $30 a barrel as virus weighs on global economy
Oil prices extended losses on Monday, slumping by more than $1 a barrel, as an emergency rate cut by the U.S. Federal Reserve failed to...
More U.S. retailers shut stores to limit coronavirus spread
More major retailers said on Sunday they would shut stores in the United States to limit the spread of the coronavirus, including Nike, Under Armour,...
What do the Fed’s latest moves mean for U.S. consumers?
The U.S. Federal Reserve unleashed new emergency measures on Sunday night to limit the economic harm from the coronavirus, including making it easier for banks...
Quotes from Federal Reserve Chair Powell’s press conference
The U.S. Federal Reserve and global central banks moved aggressively on Sunday to buttress a world economy unraveling rapidly amid the coronavirus pandemic, with the...
Fed slashes rates, global central banks coordinate to cushion coronavirus blow
The U.S. Federal Reserve and global central banks moved aggressively on Sunday to buttress a world economy unraveling rapidly amid the coronavirus pandemic, with the...
Boaz Weinstein hedge fund up 33% after market plunge: letter
Boaz Weinstein’s main Saba Capital Management LP hedge fund reported a 33% gain in March through Friday amid market turmoil and bringing its year to...
Stocks plunge as Fed’s emergency rate cut fails to calm panic
Stock markets and the dollar fell heavily on Monday, after emergency rate cuts in the United States and New Zealand failed to allay fears about...
Goldman cuts U.S. growth forecast for first and second quarter due to coronavirus
Goldman Sachs Group Inc has downgraded its U.S. growth forecast for the first and second quarters in the wake of the economic fallout from the...
Big U.S. banks halt stock buybacks, citing customer needs during coronavirus
The biggest U.S. banks will stop buying back their own shares, and will instead use that capital to lend to individuals and businesses affected by...
U.S. stock futures plunge despite Fed’s emergency rate cut
U.S. stock futures fell to their offshore trading limit within half an hour from opening on Monday even as the U.S. Federal Reserve led the...