Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
What do the Fed’s latest moves mean for U.S. consumers?
By Jonnelle Marte and Heather Timmons WASHINGTON/NEW YORK (Reuters) - The U.S. Federal Reserve unleashed new emergency measures on Sunday night to limit the economic harm from the coronavirus, includi...
Mar 15, 2020
Boaz Weinstein hedge fund up 33% after market plunge: letter
By Lawrence Delevingne NEW YORK (Reuters) - 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 date ga...
Mar 15, 2020
Oil extends slide, nears $30 a barrel as virus weighs on global economy
By Florence Tan SINGAPORE (Reuters) - Oil prices extended losses on Monday, slumping by more than $1 a barrel, as an emergency rate cut by the U.S. Federal Reserve failed to soothe global financial ma...
Mar 15, 2020
Big U.S. banks halt stock buybacks, citing customer needs during coronavirus
By Elizabeth Dilts Marshall NEW YORK (Reuters) - 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 the ...
Mar 15, 2020
Automakers, union form joint task force to limit coronavirus outbreak
(Reuters) - Automakers General Motors , Ford Motor Co and Fiat Chrysler Automobiles (FCA) are forming a coronavirus task force along with the United Auto Workers (UAW) union to improve protections for...
Mar 15, 2020
U.S. stock futures tumble after big Fed rate cut, virus fallout
NEW YORK (Reuters) - U.S. stock index futures tumbled after resuming trading on Sunday after the U.S. Federal Reserve slashed rates back to near zero to help the global economy and investors digested ...
Mar 15, 2020
Dollar slips as Fed leads world with emergency rate cuts
By Wayne Cole SYDNEY (Reuters) - 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 aimed at cushioning ...
Mar 15, 2020
Factories shift operations in scramble to restock supermarket shelves
By Melissa Fares and Lisa Baertlein NEW YORK/LOS ANGELES (Reuters) - With supermarkets stripped of food and many other essentials, consumer product companies halted factory runs of niche items such as...
Mar 15, 2020
Under water? Banks play home loan lottery as insurers bail out
By Swati Pandey, Carolyn Cohn and Simon Jessop SYDNEY/LONDON (Reuters) - Only a year after losing their homes to floods in parts of Australia's north eastern coast of Queensland, people are moving int...
Mar 15, 2020
Fed cuts interest rates to near zero, coordinates with other central banks to combat coronavirus
WASHINGTON (Reuters) - The U.S. Federal Reserve cut interest rates for the second time in less than two weeks on Sunday in another emergency move to help shore up the U.S. economy amid the rapidly esc...
Mar 15, 2020
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