St. Louis Federal Reserve President James Bullard on the ‘unprecedented’ financial impact of the coronavirus. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Boston Federal Reserve President Eric Rosengren believes the coronavirus is a ‘Black Swan’ event that will […]
FOX Business News
Trump considers limits on domestic travel to coronavirus hot spots
Fox News’ John Roberts asks why President Trump has not stopped all travel between cities greatly impacted by coronavirus to ones less impacted. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below WASHINGTON — President Donald Trump said Wednesday that he […]
Despite coronavirus pandemic, McDonald’s a good bet for investors, firm says
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Fast-food giant McDonald’s remains a good bet for investors even as U.S. restaurants contend with a slowdown in […]
Trump, oil CEOs meet during coronavirus pandemic as crude tumbles
American Petroleum Institute President Mike Sommers says the oil price war is a ‘disaster.’ Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below President Trump is set to meet Friday with the heads of some of the largest U.S. oil […]
Macy’s booted from S&P 500
Amid coronavirus store closures, Macy’s market cap has decreased so much it will be removed from the S&P 500. FOX Business’ Lauren Simonetti with more. Macy’s will be removed from the benchmark S&P 500 index, the S&P Global Indices said on Tuesday evening. Continue Reading Below Shares of the New […]
Coronavirus pandemic zaps oil demand
The Schork Report publisher Stephen Schork argues oil prices will continue to fall. U.S. oil inventories ballooned last week as the COVID-19 pandemic crushed demand. Continue Reading Below Crude oil stockpiles rose to 13.83 million barrels in the week ended March 27, the U.S. Energy Information Administration said Wednesday. Economists […]
Whiting Petroleum files for bankruptcy during coronavirus pandemic, oil price plunge
President Trump discusses the ongoing arguments between Saudi Arabia and Russia and says the low cost of oil is harmful to the industry. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below (Reuters) – Whiting Petroleum Corp said on Wednesday it […]
Stocks plunge amid fears coronavirus pandemic will worsen
Cornerstone Macro Chief Investment Officer Michael Kantrowitz explains what the road to economic recovery will look like. U.S. equity markets tumbled Wednesday, extending the pain from their worst first quarter in years, after President Trump warned the number of COVID-19 infections is set to surge. Continue Reading Below The Dow […]
Bond King Jeffrey Gundlach’s signal that market is overwhelmed
But if the shutdown were to drag into May, June or July, the economic damage starts to cascade at a very fast pace, says Steve Moore, Trump 2016 senior economic adviser and author of ‘Trumponomics.’ Get all the latest news on coronavirus and more delivered daily to your inbox. Sign […]
Coronavirus pushes Express to furlough most store workers, pause pay
Cornerstone Macro Chief Investment Officer Michael Kantrowitz draws out what the road to market recovery will look during the coronavirus. Express Inc. said Wednesday it is furloughing most store associates and a number of corporate associates, and pausing pay while continuing to provide healthcare benefits for those eligible until such time […]