Instant View: Fed announces surprise rate cut to counter coronavirus impact
The U.S. Federal Reserve cut interest rates on Tuesday in an emergency move designed to shield the world’s largest economy from the impact of the...
Mnuchin says supports Fed on rate cut move, says it’s ‘non-political’
U.S. Treasury Secretary Steven Mnuchin on Tuesday said he supports the Federal Reserve’s decision to cut interest rates in response to the fast-spreading coronavirus, its...
Trump calls on Fed to cut rates further after emergency move
U.S. President Donald Trump called for further cut rates after the Federal Reserve earlier on Tuesday slashed rates by half percentage point in an emergency...
Wall Street unconvinced by Fed emergency rate cut
The main U.S. stock market indexes inched lower in volatile trading on Tuesday, as investors worried even a shock emergency half-point cut in interest rates...
Hudson’s Bay Chairman Richard Baker to take over as CEO: source
Hudson’s Bay Co Chairman Richard Baker will take over as chief executive officer, a source familiar with the matter told Reuters on Tuesday, after his...
In an emergency move, Federal Reserve cuts interest rates to battle coronavirus
The U.S. Federal Reserve cut interest rates on Tuesday in an emergency move designed to shield the world’s largest economy from the impact of the...
Wall Street rebounds sharply after Fed’s emergency rate cut
U.S. stocks indexes surged on Tuesday after the Federal Reserve cut interest rates by a half percentage point in an emergency move designed to shield...
World stocks lead rally as G7 pledges virus support
A sharp rebound in world stock markets lost only a little steam on Tuesday despite a lack of any immediately gratifying measures after global policymakers...
Hudson’s Bay Chairman Baker to take over as CEO: source
Saks Fifth Avenue owner Hudson’s Bay Co Executive Chairman Richard Baker will take over as chief executive officer, a source familiar with the matter told...
Wall Street set for lower open as G7 statement underwhelms
The Dow Jones Industrials index looked set to drop more than 100 points at the open on Tuesday after G7 heads stopped short of outlining...