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Risk currencies slide as recovery optimism faces reality check TOKYO (Reuters) - The Australian dollar and other risk-sensitive currencies gave up more ground on Friday, while safe-haven currencies were supported after equities tumbled on growing doubts over a quick recovery from the coronavirus pandemic.
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Do negative interest rates work? Economists can't agree on how effective the policy is Voices advocating for the U.S. Federal Reserve to adopt negative interest rates have grown louder in recent months, but the central bank has so far steered clear of such policy. In fact, Fed Chairman Jerome Powell said last month that "we don't think that's an ...
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Stock market live updates: Dow drops 800, reopening trades plunge, Hertz falls 21% This is a live blog. Check back for updates. 9:55 am: Bankruptcy stocks volatile in early trading. Shares of Hertz, which has filed for bankruptcy, have moved wildly in the opening minutes of trading and currently down roughly 19%. Trading of Chesapeake ...
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Dollar, yen rise on Fed's bleak view, US stock market drop NEW YORK (Reuters) - The safe-haven dollar, yen and Swiss franc gained on Thursday as U.S. stocks fell sharply amid diminished expectations that the global economy would recover swiftly from the coronavirus pandemic. FILE PHOTO: A Japan Yen note is ...
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Fed leaves rates near zero, issues gloomy outlook — what to watch now The Fed is on standby. The central bank voted on Wednesday to keep short-term interest rates near zero, with Fed Chairman Jerome Powell saying at a subsequent news conference that officials are "not even thinking about thinking about raising rates.".
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Investors Get Ready for the Fed to Cap Rates Investors are preparing for the Federal Reserve to tap a policy tool untouched since the aftermath of World War II, a move that could change how key financial markets behave and give an even bigger boost to the stock market's best performers. Members of ...
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Amazon Set to Face Antitrust Charges in European Union LONDON — European Union officials are preparing to bring antitrust charges against Amazon for abusing its dominance in internet commerce to box out smaller rivals, according to a person with direct knowledge of the case. Nearly two years in the making, ...
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Europe Sets Sights on Dud Antibody Tests Amid COVID-19 Free-For-All BRUSSELS — The market for COVID-19 antibody tests is red-hot. It has ballooned in a matter of months as hundreds of products flood the world for people who want to find out whether they've already had the virus. The problem is, some of them don't work ...
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HEXO Corp. (HEXO) Q3 2020 Earnings Call Transcript HEXO Corp. (NYSE:HEXO) Q3 2020 Earnings Call Jun 11, 2020, 8:30 a.m. ET. Contents: Prepared Remarks; Questions and Answers; Call Participants. Prepared Remarks: Operator. Ladies and gentlemen, thank you for standing by and welcome to the HEXO ...
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Another 1.5 Million State Jobless Claims Filed Last Week: Live Updates The S&P 500 fell more than 2 percent, and was on track for its sharpest daily decline in more than a month. Here's what you need to know: U.S. stocks tumble amid a spate of glum forecasts. Another 1.5 million filed new state unemployment claims last week.
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