Refiner Phillips 66 on Tuesday cut its 2020 spending forecast by about 18% and assured investors their dividend was secure even as the coronavirus outbreak and a price war between Saudi Arabia and Russia threaten the oil market with massive oversupply.
Chevron Corp will slash capital spending by $4 billion this year and suspend share buybacks, the latest oil company to cut costs in the face of an unprecedented slide in oil prices.
Consumer goods giant Unilever Plc said on Tuesday it would shield its workforce for up to three months from sudden drop in pay, resulting from market disruptions or an inability to perform their roles during the coronavirus pandemic.
British manufacturers are the most pessimistic about the outlook than they have been at any time since the global financial crisis more than a decade ago because of the spread of coronavirus, a survey showed on Tuesday.
As several more U.S. states moved to impose stay-at-home orders to limit the spread of the coronavirus, industries from steelmakers to auto dealerships were scrambling for exemptions that would allow them to remain open.
A price war between the world's oil powerhouses is leaving many producers in Latin American struggling to cover production costs, boosting the chances of output cuts and investment delays in the coming months.
Wild swings in asset prices have thrown a spotlight on liquidity in corners of the $4.4 trillion market for U.S. exchange-traded funds, which have played a key role for investors in Wall Street's coronavirus-fueled selloff.
BCG Henderson Institute | Martin Reeves, Lars Faeste, Kevin Whitaker, and Mark Abraham | March 15, 2020 A rebound of demand is inevitable, and using high-frequency data proxies for the movement of goods and people, production and confidence, we can see that it is already beginning to happen in China. (See Exhibit 2.) Given the
The founder of investment firm Starwood Capital said he supports Trump's desire to get America working again soon.
The best financial advisors will choose to stay connected with their clients throughout the coronavirus crisis and be creative in evolving their services on a human level. Keep adding to your market volatility playbook — this isn't the first time we've encountered turbulence in the markets, and it won't be the last.
Chevron Corp will slash capital spending by $4 billion this year and suspend share buybacks, the latest oil company to cut costs in the face of an unprecedented slide in oil prices.
Ford Motor Co said on Tuesday it was working with General Electric's healthcare unit and 3M Co to speed up production of ventilators for patients and respirators for healthcare workers as the coronavirus pandemic escalates.
The dollar fell broadly on Tuesday, sliding for a second consecutive day after the U.S. Federal Reserve stepped up measures to shield an economy reeling from emergency restrictions on commerce to fight the coronavirus.
'Big Bang Theory' TV producer David Goetsch has come up with an approach to life, and investing, that's helping him weather the storm around the coronavirus pandemic and its effect on the stock market.
European airlines crippled by the coronavirus have demanded lasting relief from environmental taxes - in a move that pits their immediate survival against longer-term emissions goals.