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...
Automakers, union form joint task force to limit coronavirus outbreak
Automakers General Motors , Ford Motor Co and Fiat Chrysler Automobiles (FCA) are forming a coronavirus task force along with the United Auto Workers (UAW)...
Fed slashes rates, pulls out the stops to cushion coronavirus blow
The U.S. Federal Reserve slashed rates back to near zero, restarted bond buying and joined with other central banks to ensure liquidity in dollar lending...
Dollar slips as Fed leads world with emergency rate cuts
Markets were set for another chaotic session on Monday after many of the world’s major central banks joined in an emergency round of policy easing...
Fed slashes rates, rips open crisis tool kit to cushion coronavirus blow
The U.S. Federal Reserve slashed rates back to near zero, restarted bond buying and launched other measures from its crisis-era toolkit, along with other central...