Cooling consumer spending, inflation put spotlight on Fed amid coronavirus
U.S. consumer spending slowed in January and could lose further momentum as the fast-spreading coronavirus outbreak, which has sparked a stock market sell-off and revived...
Stock markets melt on coronavirus fears, U.S. Treasury yields hit fresh lows
Coronavirus panic sent world stock markets tumbling again on Friday, putting them on course for their largest weekly fall since the 2008 global financial crisis,...
Think the S&P 500 is in bad shape? Its components look worse
Wall Street’s worst week since 2008, sparked by fears about the fast-spreading coronavirus, has left almost half of the S&P 500’s stocks in bear market...
Stocks pare losses slightly; Fed chair vows to support economy as appropriate
The S&P 500 pared losses slightly after the U.S. Federal Reserve Chair Jerome Powell said the economy was solid though coronavirus posed a risk and...
SoftBank communications chief Gary Ginsberg takes leave to aid Bloomberg campaign: sources
Gary Ginsberg, the global head of communications for SoftBank Group Corp , has taken an indefinite leave of absence to advise Michael Bloomberg’s U.S. presidential...
GM to add 1,200 jobs at Michigan plants to meet SUV demand
No. 1 U.S. automaker General Motors Co said on Friday it plans to add more than 1,200 jobs at its Lansing plants in Michigan to...
Oil prices sink to lowest in more than a year
Oil prices slumped for a sixth day in a row on Friday to their lowest in more than a year, set for their steepest weekly...
Exclusive: SoftBank communications chief Gary Ginsberg takes leave to aid Bloomberg campaign – sources
Gary Ginsberg, the global head of communications for SoftBank Group Corp , has taken an indefinite leave of absence to advise Michael Bloomberg’s U.S. presidential...
Intesa Sanpaolo hires four additional advisers for UBI Banca bid
Intesa Sanpaolo has picked JP Morgan, Morgan Stanley, UBS and Equita Sim as advisers for its bid on rival UBI Banca , Italy’s biggest retail...
Goldman expects 75 bps of Fed rate cuts by June
Goldman Sachs expects the coronavirus to drive the Federal Reserve to cut U.S. interest rates by 75 basis points by June it said on Friday,...