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Dollar gains after US data; euro falls NEW YORK (Reuters) - The dollar rose for a third straight session against most major currencies on Tuesday, bolstered by U.S. services data last month that was better than market expectations. FILE PHOTO: U.S. Dollar and China Yuan notes are seen in this ...
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ECB Faces Renewed Legal Pressure Over Bond Purchases Germany's highest court conditionally approved a giant bond-buying program launched five years ago by the European Central Bank, but demanded more information about its economic justification, in a move that could set limits on the ECB's firepower and ...
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Disney Takes a Pandemic Hit, and There's Worse to Come LOS ANGELES — Last year at this time, Disney was celebrating the record-breaking arrival of "Avengers: Endgame" in theaters. On Tuesday, with movie theaters closed worldwide, along with theme parks, Disney said that its quarterly profit fell more than 90 ...
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Many restaurants would 'shut down completely' under Tennessee's reopening guidelines, Jim Cramer says About "13 million people work in the restaurant industry, or at least they did a few months ago," CNBC's Jim Cramer said. "I have no idea how many will be left if we have to operate this way for an extended period of time, but I know it won't be many," the "Mad ...
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Arts Groups Fight Their Insurers Over Coverage on Virus Losses When it became clear in March that the coronavirus pandemic was likely to decimate the cultural world, anxious arts administrators began to pull out thick binders and call their agents to help them interpret the jargon inside. At least they had insurance.
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The market is getting excited as the Fed prepares to buy corporate bonds The Federal Reserve said Monday it is getting ready to buy corporate bonds. That comes nearly a month after the central bank initially announced it would be enacting two programs. One of the biggest areas of focus is in high-yield bonds, where the Fed has ...
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US oil climbs nearly 20% as traders bet on demand pickup as lockdowns ease WTI on track for a five-session streak of gains, its longest for a most-active contract since late February. AFP/Getty Images. Email icon; Facebook icon; Twitter icon; Linkedin icon; Flipboard icon. Print icon; Resize icon ...
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Fed Officials Cautiously Eye Return to Growth in Year's Second Half Federal Reserve Vice Chairman Richard Clarida said Tuesday he is looking for the economy to begin recovery from the coronavirus crisis in the second half of this year, joining with two other central bank officials who offered similar views in separate ...
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Texas Oil Basin May Be Leaking Much More Methane Than Previously Thought, Findings Show More than one in 10 flares designed to burn off unused methane in the Permian oil and gas basin in Texas and New Mexico could be unlit or malfunctioning, venting much more of the potent greenhouse gas into the atmosphere than previously thought, new ...
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German court hands ECB three-month ultimatum to justify stimulus scheme KARLSRUHE/FRANKFURT (Reuters) - The Bundesbank must stop buying government bonds under the European Central Bank's long-running stimulus scheme within three months unless the ECB can prove the purchases are needed, Germany's top court ...
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