Follow the Fed? Why central banks won’t be rushed on virus response
Will the world’s big central banks leave U.S. Federal Reserve Chair Jerome Powell hanging? They’re certainly going to try....
Futures jump after Biden’s Super Tuesday sweep
U.S. stock markets looked set to jump after a strong showing for Joe Biden in the Super Tuesday Democratic primaries on Wednesday, with Dow and...
Futures surge after Biden’s resurgence in Democratic primaries
U.S. stock markets looked set to cheer a strong showing for Joe Biden in the Super Tuesday Democratic primaries on Wednesday, with Dow and S&P...
GE sticks to 2020 targets, says coronavirus to hit cashflow by up to $500 million
General Electric Co on Wednesday reiterated its 2020 cash and profit targets but warned its first-quarter cash flow would take a hit of $300 million...
Oil rises $1 as OPEC, allies work on big output cut
Brent oil prices rose on Wednesday on expectations that major producers have moved closer to an agreement to enact deeper output cuts aimed at offsetting...
GE to take up to $500 million cashflow hit from virus, sticks to targets
General Electric Co said on Wednesday it would take a hit of $300 million to $500 million to its first-quarter cash flow from the coronavirus...
Fed’s economic survey set to offer more clues on coronavirus impact
A report by the Federal Reserve released on Wednesday will provide the first snapshot from the central bank’s business contacts on how deeply the coronavirus...
In next recession, Fed needs upfront promises, former staffers say
Two former top staffers at the U.S. Federal Reserve have joined in urging the Fed to say explicitly what it will do if interest rates...
Oil steadies as OPEC, allies work on big cut
Brent oil prices steadied on Wednesday, paring early gains as markets assessed whether deeper output cuts by major producers would be enough to offset the...
Bond yields near record lows after Fed rate cut
Bonds held their gains on Wednesday as investors digested the U.S. Federal Reserve’s dramatic move to cut interest rates in an effort to contain economic...