The move by banks to force Cineworld's top shareholder to refinance a loan without equity collateral is yet another sign of mounting stress in Europe's junk debt market as the coronavirus roils markets and businesses around the world.
Global stock markets plunged on Monday and oil prices tumbled by as much as a third after Saudi Arabia launched a price war with Russia, sending investors already spooked by the coronavirus outbreak fleeing for the safety of bonds and the Japanese yen.
Medium - Both Sides of the Table | Mark Suster | March 5, 2020 I (Mark Suster, Managing Partner, Upfront Ventures) am due to speak at the SaaStr conference next week: Wednesday, March 11th at 10:45 AM. I had originally signed up to talk about the “VC Market Trends” overall but it seemed inauthentic to
A plunge in U.S. markets on Monday triggered a 15-minute trading halt in stocks after the S&P 500 fell 7% shortly after the market opened.
Twitter Inc on Monday reached an agreement with Elliott Management that lets Jack Dorsey stay as chief executive and adds three new directors a few days after Elliott's plan to push out the social media company's chief became public.
Trading in options on Wall Street's fear gauge was impossible in the first minutes of Monday's session due to a complete absence of prices from the market makers on whom trading depends, a representative of index operator CBOE Global Markets Inc said. CBOE Senior Trade Desk Specialist Ryan Stone told Reuters that VIX options were tradable at 9:51 a.m. ET (1351 GMT) but a lack of liquidity led to a lag of about seven minutes until the first trade, around
TechCrunch | Danny Crichton | March 5, 2020 The South Korean National Assembly passed new legislation today that will provide a framework for the regulation and legalization of cryptocurrencies and crypto exchanges. In a unanimous vote during a special session of the legislature convened amidst the country’s worsening novel coronavirus situation, the representatives passed an
An oil price plunge means the world's top energy companies will have to review promises to return billions to investors, either by slowing down share buybacks or reintroducing non-cash dividends, analysts said on Monday.
Canada's biggest banks said on Monday they are moving some traders to alternate locations, joining global banks splitting up operations to reduce disruptions due to the coronavirus outbreak.
Trading in options on Wall Street's fear gauge was impossible in the first minutes of Monday's session due to a complete absence of prices from the market makers on whom trading depends, a representative of index operator CBOE Global Markets Inc said.
U.S. cash crude prices plunged on Monday, with popular export grades sliding to their weakest levels in more than a year and a half, following a collapse in benchmark futures in the biggest daily price rout since the 1991 Gulf War.
Wall Street banks and brokers are in "robust" talks with regulators to secure rule-waivers that would allow thousands of traders to operate from home as the coronavirus spreads in New York, the chief executive of a top industry group told Reuters.
Wall Street's main stock indexes plummeted about 5% on Monday, as a slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession on the anniversary of the U.S. stock market's longest bull run.
"You've got to know when to hold 'em, know when to fold 'em," Kenny Rogers once sang. And the same applies to claiming Social Security retirement benefits, especially in turbulent markets. Here's what to think about before you decide to start receiving those checks early.
Global stock markets plunged on Monday and crude oil prices tumbled by as much as a third after Saudi Arabia launched a price war with Russia, sending investors already spooked by the coronavirus outbreak fleeing for the safety of bonds and the Japanese yen.