A lightning-quick rally in U.S. equities is showing cracks, as investors face mounting evidence that the economy's coronavirus-fueled woes may be far longer-lasting than many had anticipated.
German healthcare and chemicals company Merck KGaA flagged that a slight decline in operating earnings was on the cards this year as the coronavirus pandemic could place a significant burden on the global economy.
Stock markets fell and bonds were in demand on Thursday as worries grew about a second wave of coronavirus infections and a dour assessment from the head of the U.S. Federal Reserve dashed hopes for a quick economic recovery.
Amazon plans to extend the closure of its French warehouses until May 18, the U.S. e-commerce giant said on Wednesday.
Crowdfund Insider | JD Alois | May 12, 2020 This should come as no surprise but Q1 was horrible for VC-backed Fintechs as the Coronavirus pounded private capital markets and crash-landed the once robust market. According to CBInsights, the first quarter of 2020 was one of the worst quarters for Fintech funding in years. Investors
Airbus is drawing up plans for a restructuring involving the possibility of "deep" job cuts as it braces for a prolonged coronavirus crisis after furloughing thousands of workers, industry sources said.
Fintech Magazine | Matt High | May 13, 2020 Amazon is unbundling financial services from every angle, according to a recent report by CB Insights The report, Everything You Need to Know About What Amazon is Doing in Financial Services, recognises Amazon’s building of a host of financial services products and tools in the areas
After over seven weeks of coronavirus lockdown, Britons hankering for a Big Mac may be a step closer to getting their hands on one after McDonald's reopened 15 restaurants on Wednesday for delivery only.
Shareholder activists prodding Exxon Mobil Corp on climate-change proposals are backing calls for an independent board chairman as the oil major steps up efforts to keep climate proposals off its ballot.
Wall Street's main indexes fell on Wednesday after Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes due to the coronavirus pandemic.
U.S. President Donald Trump on Wednesday extended for another year an executive order signed in May 2019 declaring a national emergency and barring U.S. companies from using telecommunications equipment made by firms posing a national security risk.
The head of the Federal Reserve warned on Wednesday of an "extended period" of weak economic growth, vowed to use the U.S. central bank's power as needed, and called for additional fiscal spending to stem the fallout from the coronavirus pandemic.
If you have an emergency fund, now's the time to tap it. People who have lost their jobs are turning to savings to supplement their income, according to Bankrate.com. But how long will the pot of money last?
Airbus is drawing up plans for restructuring involving "deep" job cuts, but has not taken a final decision, industry sources said.
The market is by anybody's standard pretty full," the billionaire founder of Appaloosa Management told CNBC.