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Fed Steps In to Push Banks to Provide Small Business Loans: Live Updates The Fed said it would establish a program that will incentivize banks to make loans to small businesses. Here's what you need to know: The Fed will support banks providing loans to small businesses. Wall Street is starting the week on an upbeat note.
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Consumer Pessimism About the Job Market Is Testing New Limits: Live Updates Consumer pessimism about the labor market is testing new limits, based on a Federal Reserve survey conducted in March as coronavirus ripped through the United States, closing businesses and leaving hundreds of thousands of people out of work.
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OPEC Seeks to Rally Producers Over Fears of Filled Storage A growing scarcity of oil storage space is driving some of the world's biggest crude producers to negotiate a truce this week in a Saudi-Russian fight for market share that has contributed—along with the coronavirus pandemic—to the recent oil-price rout.
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Credit Markets Show Signs of Stabilizing After Historic Fed Intervention Key parts of the U.S. debt markets are functioning again, a sign the Federal Reserve's extraordinary steps are easing a credit market crunch. Investors say the Fed has reduced disruptions in the $17 trillion U.S. Treasurys market that had sent shock waves ...
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Big Banks Favor Certain Customers in $350 Billion Small-Business Loan Program Griff Neal set his alarm for 3 a.m. on Friday so he could be among the first to apply for a loan under a new federal program designed to help small businesses weather the coronavirus pandemic. Bank of America Corp. BAC -2.63% turned him away that same ...
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FOREX-Yen weakens, Aussie outperforms as risk sentiment improves ... * Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh (Adds details, updates prices, new byline, changes dateline, previous LONDON) By Karen Brettell NEW YORK, April 6 (Reuters) - The Japanese yen dipped and the Australian dollar outperformed on ...
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Sterling drops as PM Johnson sent to intensive care NEW YORK (Reuters) - Sterling dropped against the dollar and the euro on Monday after it was reported that British Prime Minister Boris Johnson has been moved into intensive care after his coronavirus symptoms worsened. FILE PHOTO: UK pound coins ...
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Delays and Shortages Exacerbate Coronavirus Testing Gaps in the US Three weeks ago, Dr. Elaine Cham, a pathologist at a large children's hospital in California, had a sense that the nation's coronavirus testing mess was finally getting under control. She could send tests to a lab at Stanford University Medical Center and get the ...
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GLOBAL MARKETS-Stocks jump as virus deaths slow; oil falls after OPEC+ delay ... * Shares up as virus data positive in New York, Italy, France. * Oil prices resume slide after Russia-Saudi Arabia delay meeting. * Yen drops as Japan readies for state of emergency. * Sterling hit as UK PM Johnson's condition deteriorates. * World FX rates ...
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Russia and Saudi 'very close' to oil deal, Moscow envoy says MOSCOW/LONDON (Reuters) - Saudi Arabia and Russia are close to a deal on oil output cuts to reduce a global glut, a top Russian oil negotiator said on Monday, but details such as how to share out production curbs remained unclear ahead of talks ...
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