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EU Set for a Worse Recession Than Expected: Live Market Updates "The corporate sector entered the crisis with high levels of debt and has necessarily borrowed more during the event," said Randal K. Quarles, the vice chair for supervision on the Federal Reserve Board of Governors.Credit...Erin Scott/Reuters. The Federal ...
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Risk currencies take breather after rally, virus resurgence lifts dollar LONDON (Reuters) - Risk currencies such as the Australian dollar took a breather from recent gains on Tuesday with investors hitting pause on an equity market rally, as new coronavirus flare-ups and regional lockdowns in some countries curbed buying and ...
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Global recession will hasten refinery rationalisation: Kemp LONDON (Reuters) - Coronavirus and the cyclical slump in petroleum consumption are accelerating a long-term rationalisation of the global refining industry and a shift eastwards in its centre of gravity to Asia. FILE PHOTO: The sun is seen behind a crude oil ...
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Facebook Fails to Appease Organizers of Ad Boycott SAN FRANCISCO — Mark Zuckerberg and Sheryl Sandberg, Facebook's two top executives, met with civil rights groups on Tuesday in an attempt to mollify them over how the social network treats hate speech on its site. But Mr. Zuckerberg, Facebook's chief ...
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Stock market live updates: Dow drops 160, reopen trades falter, tech relative strength This is CNBC's live blog covering the latest market-moving news. This blog will be updated throughout the day. 22 Min Ago. Chipotle weathering the coronavirus storm, Bank of America says. Bank of America said on Tuesday that Chipotle is "managing ...
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Epstein red flags, Russian models land Deutsche Bank $150 million fine NEW YORK/FRANKFURT (Reuters) - Deutsche Bank will pay a $150 million fine from a New York regulator for allowing disgraced financier Jeffrey Epstein to make payments to Russian models and withdraw suspicious amounts of cash during five years as a ...
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Risk-on move dents dollar; yuan notches best day since December NEW YORK (Reuters) - The yuan on Monday recorded its best day against the dollar since December as investors lapped up risky assets on growing expectations of a strong Chinese economic rebound and as glimmers of good news in U.S. data drove down ...
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Unemployment Expected to Reach Highest Level Since Great Depression Unemployment rates in the world's advanced economies will end the year higher than at any time since the Great Depression and not return to their pre-pandemic levels until 2022 at the earliest, the Organization for Economic and Cooperation and ...
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The Pandemic's Economic Damage Is Growing PARIS — It will take years for the global economy to recover from the jobs taken away by the pandemic, and in Europe the recession will be significantly deeper than forecast just two months ago. Those were the findings on Tuesday in two reports, from the ...
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Here's a list of tech companies that the SBA says took PPP money The U.S. Treasury Department released Monday a highly anticipated trove of data identifying every company that has received a loan of more than $150,000 from the Paycheck Protection Program (PPP) — a list that includes some of the hottest names in the ...
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