Citigroup, JPMorgan report New York cases of coronavirus
New York-based banks Citigroup Inc and JPMorgan Chase & Co both reported on Friday that they have employees who have tested positive for the coronavirus....
Bill Gates to leave Berkshire Hathaway board; former AmEx CEO Kenneth Chenault tapped as replacement
Warren Buffett’s Berkshire Hathaway Inc said on Friday that Microsoft Corp co-founder Bill Gates is retiring from the conglomerate’s board of directors, and is expected...
Dollar bounces vs yen as stocks rally, Trump declares U.S. coronavirus emergency
The dollar surged on Friday, posting sharp gains against the safe-haven Japanese yen as stock markets recovered globally and investors cheered efforts by governments and...
Wall Street weekahead: Investors hope Fed can help calm markets as big rate cut expected
Interest rate cuts won’t cure the coronavirus but investors are still hoping the Federal Reserve can take some actions to help soothe the roiled stock...
JPMorgan says two employees at NYC headquarters contract coronavirus
JPMorgan Chase and Co said on Friday two employees at its headquarters in New York City have contracted the coronavirus....
Crude posts biggest weekly losses since 2008, hit by coronavirus and Saudi price war
Oil prices on Friday posted their biggest week of losses since the 2008 global financial crisis, rocked by the coronavirus outbreak and efforts by top...
How the longest bull run in history ended in pandemic panic
As a collapse in the oil price unleashed chaos in financial markets, Madrid money manager Diego Parrilla phoned a colleague who agreed: they had better...
Exclusive: U.S. Fed, banks discuss possible leniency on liquidity threshold to aid lending – sources
The U.S. Federal Reserve is talking with lenders about potentially going easy on them if they deplete their liquidity reserves while trying to support customers...
Teleconference apps and new tech surge in demand amid coronavirus outbreak
Global downloads of business apps including Tencent Conference, WeChat Work, Zoom, Microsoft Teams and Slack have risen nearly five fold since the start of the...
Dollar surges vs yen as stock markets rally
The dollar surged on Friday, posting sharp gains against the safe-haven Japanese yen as stock markets recovered globally and investors cheered efforts by governments and...