Junk bond default rate to triple within 12 months, S&P says
S&P Global Ratings said the default rate for high-yield, or junk, bonds is heading to 10% over the next 12 months, more than triple the rate of 3.1% that closed out 2019.
S&P Global Ratings said the default rate for high-yield, or junk, bonds is heading to 10% over the next 12 months, more than triple the rate of 3.1% that closed out 2019.
U.S. Department of Education Secretary Betsy DeVos announced on Friday that student loan borrowers could put their monthly payments on pause for at least 60 days during the coronavirus outbreak. But this option was already available.
Ten | Sam Bowman and Sam Dumitriu | March 20, 2020 The UK is shutting down, and a recession is inevitable. Rishi Sunak has vowed to do ‘whatever it takes’ to protect incomes, businesses, and jobs. But what should he actually do? It is essential that he, and the British public more widely, realise that
NCFA | March 20, 2020 Resources and Guides for Businesses Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses Business Development Bank of Canada - Business continuity plan and templates for entrepreneurs Business Development Bank of Canada – Support for entrepreneurs impacted by coronavirus Coronavirus disease (COVID-19): Resources for Canadian businesses Export Development Canada
Crowdfund Capital Advisors | Sherwood Neiss | March 20, 2020 The Coronavirus is taking the financial markets by storm. It began its attack on the public markets around February 12th. Since then, the markets have dropped 30% off their highs and have made wide swings from one day to the next. It has been one
As Washington lawmakers scramble to help shore up Americans' personal balance sheets, many are wondering if checks will also go to the nation's seniors. Here's how those on Social Security might be affected.
Boeing Co will cancel CEO pay, suspend its dividend and extend a pause on share buybacks, the U.S. planemaker said on Friday, as companies eager for government aid to curb fallout from the coronavirus face pressure to cut payouts to investors.
Wells Fargo & Co said on Friday it is suspending residential property foreclosure sales, evictions and involuntary automobile repossessions due to the coronavirus outbreak.
U.S. airlines called on Friday for a government stimulus package meant to help them weather the coronavirus crisis by providing payroll protections, warning that around 750,000 jobs depend on the airline industry.
Groups representing major automakers and suppliers asked U.S. lawmakers on Friday to consider new tax relief and delay the start of a new trade deal as auto sales decline as a result of the coronavirus pandemic.
The Trump administration plans to send a special energy envoy to Saudi Arabia to work with the kingdom on stabilizing the global oil market, officials said on Friday, as the U.S. scrambles to deal with a price crash so deep that regulators in Texas considered curbing production there for the first time in nearly 50 years.
Wall Street wrapped up its worst week since October 2008, with the Dow Jones Industrial Average and S&P 500 sliding more than 4% on Friday as tough restrictions imposed by New York and California to try to limit the spread of the coronavirus fueled worries about damage to the U.S. economy.
Panama's Copa Airlines on Friday said it will suspend all operations from March 22 until April 21, making it the first Latin American carrier to take such a drastic measure in order to weather the coronavirus crisis.
Grocers including Walmart de Mexico have begun bowing to pressure to pull from stores tens of thousands of elderly workers who pack bags at checkouts as concerns grow about their vulnerability to coronavirus amid panic buying nationwide.
The world's richest nations poured unprecedented aid into the global economy as coronavirus cases ballooned in the new epicentre, Europe, with deaths in Italy outstripping those in mainland China, where the virus originated.