As the U.S. economy slowly starts again, lawmakers are considering various ideas to stimulate growth. President Donald Trump has said he wants a payroll tax cut. But experts aren't so sure that would help the people who need it most. Plus, it would be costly for Social Security.
China said on Friday that forcing Chinese firms to retreat from U.S. stock exchanges would severely harm U.S. interests.
San Francisco-based utility PG&E Corp is preparing debt financing to exit bankruptcy, CNBC said on Friday citing a report.
Numerous big-name hedge fund managers have been skeptical of the stock market's swift bounce back from its March low.
As oil and gas companies began shutting offshore production before the first tropical storm of the season in the U.S. Gulf of Mexico, experts said restarting wells and refineries will take longer and prove more costly this year because of COVID-19.
A massive Pennsylvania plastics project that President Donald Trump touted during a visit last year faces risks of oversupply and a low price outlook for the materials, a report by an institute that examines energy issues said on Thursday.
The number of Americans filing for unemployment benefits likely dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as companies adjust to an environment that has been significantly changed by COVID-19.
Volkswagen is resuming deliveries of its Golf 8 model after fixing a software glitch, a spokesman said on Thursday.
Hong Kong's stock exchange expects many U.S.-listed Chinese firms to list on its bourse this year, in part because of U.S. political pressure following China's new national security legislation on Hong Kong, the head of the exchange said on Thursday.
American Banker | Dave Martin | Jun 4, 2020 I often find myself on the opposing side when I hear “this changes everything” after any technology advances or new digital banking functions are rolled out. Of course, change is occurring in the banking industry. It has been evolving for decades and continues to do so
A rally in tech shares drove the Nasdaq index higher on Thursday, with weekly jobless claims dipping below 2 million for the first time since mid-March bolstering optimism around an economic rebound from the coronavirus-driven slump.
If you hit the unemployment line with a 401(k) loan in tow, be aware of the rules that apply to the unpaid amount. It could result in an unexpected tax bill.
Germany said it will oblige all petrol stations to offer electric car charging as part of a sweeping 130 billion euro ($146.26 billion) economic recovery plan, boosting electric vehicle demand which has been hampered by consumer concerns over refuelling.
Expectations that the global economy has dodged the worst-case scenarios for the coronavirus pandemic have led to a dramatic selloff in U.S. government bonds from their record highs, pushing the yield curve to its steepest level since March.
Investors eyeing a turnaround in the U.S. economy are piling into U.S. bank stocks even as some caution that positive stress test results and an abatement of loan losses will be needed to sustain a rally in the battered sector.