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PG&E Fire Victims Agitate Against Deal to Exit Bankruptcy Two members of the claimants' committee that represents fire victims in the giant California utility's chapter 11 case resigned late last month and said they would campaign to defeat the exit plan. They cited concerns that it pays victims half a $13.5 billion ...
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Loeffler's Wealth Becomes a Risk as Rivals Charge She Profited on the Coronavirus WASHINGTON — When Georgia's governor picked Kelly Loeffler, a little-known Atlanta businesswoman, to fill the state's vacant Senate seat late last year, her vast personal wealth and ability to fund her own campaign were top selling points for Republicans.
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The Airlines Making Refunds More Difficult Travelers have run into huge hassles with airlines refusing to refund canceled flights, pocketing millions owed to consumers, and charging some fees even when they publicly announce they are waiving fees. Airbnb landlords also are denying refunds, even ...
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Fed's Rosengren Says Nobody Should Be Left Behind in Stimulus Efforts Federal Reserve Bank of Boston President Eric Rosengren said even as the central bank has moved aggressively to support the economy and financial markets, it is critical that nobody be left behind amid the continuing coronavirus crisis. "We are all being ...
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Dollar firms as investors brace for global downturn TOKYO/SINGAPORE (Reuters) - The dollar was a touch firmer on Wednesday, buoyed by its safe-haven status with the world staring at what is likely to be one of the worst economic contractions for decades as it locks down to fight the coronavirus pandemic.
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Stock market live updates: Dow down 700, second quarter begins, Trump's warning This is a live blog. Check back for updates. 10:11 am: IMF says coronavirus crisis requires 'wartime' policy response. The International Monetary Fund said in a blog post that governments should approach the pandemic as if it is war by providing key supplies ...
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In the Coronavirus Economy, the Only Safe Mortgage Is a Government-Backed One The Federal Reserve rescued the mortgage market. Part of it. The central bank's decision to buy a nearly unlimited supply of government-backed mortgages has helped calm skittish markets and ensure that 30-year home loans remain available. But the ...
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What COVID-19 Means For Startup Ecosystems—And What Can Be Done A year ago, it was estimated that the "global startup economy" created nearly $3 trillion in economic value between 2016 and 2018. Now, billions of dollars of that economic value may be leaking away, likely by the day. In a new report out today, my friends at ...
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UPDATE 1-Sterling slips as dollar surges on global recession angst ... * Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Updates prices after UK manufacturing PMI, adds background, analyst comment and graphic). By Ritvik Carvalho. LONDON, April ...
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Natural Gas Markets Beyond COVID-19 By Anna Mikulska. In a less spectacular fashion than oil, international natural gas prices have fallen. The explanation goes far beyond low demand related to the COVID-19 pandemic or demand in general. It relies on a much larger and more complicated ...
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