Most of us understand that to amass enough savings to buy a first home, send a child to college or retire before 70, we have to surrender lots of our money to the stock market. The harder thing to gauge, however, is just how much pain and how much risk we must endure in the process.
Reuters | Katanga Johnson | March 4, 2020 WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Wednesday announced proposals making it easier for firms to raise capital via online platforms before they meet a requirement to register with the agency - a lengthy and costly process. The SEC hopes the changes to so-called
A U.S. House investigative report into two Boeing 737 MAX crashes that killed 346 people will fault the Federal Aviation Administration's (FAA) approval of the plane and Boeing's "design failures."
Morgan Stanley is shifting part of its London-based sales and trading staff to a secondary site near Heathrow airport to ensure its trading desks can operate smoothly through the coronavirus outbreak, two sources familiar with the matter said.
JPMorgan Chase & Co Chief Executive and Chairman Jamie Dimon has spoken to senior colleagues and "feels really good" after undergoing heart surgery, a source familiar with the matter told Reuters.
A Florida toymaker plans layoffs. A Wisconsin construction gear manufacturer has frozen hiring. And a California cosmetics company has idled some production, leaving 20 temporary workers with no paycheck.
Futures traders are betting the Federal Reserve will slash U.S. interest rates in coming months to blunt damage to the world's largest economy, as governments and companies move to control the spread of the new coronavirus by limiting travel and public gatherings.
A three-year honeymoon between OPEC and Russia ended in acrimony on Friday after Moscow refused to support deeper oil cuts to cope with the outbreak of coronavirus and OPEC responded by removing all limits on its own production.
Bargain-hunting investors are eyeing the shares of airlines, hotels, cruise lines and other companies that have been among the worst-hit by the coronavirus outbreak.
There is no more oil output deal between Russia, its allies and members of OPEC oil-producing countries, Russian Energy Minister Alexander Novak said on Friday, adding that the OPEC+ group of nations would continue to monitor the market situation.
Is it possible we may see a wave of corporate defaults at a time when interest rates are at record lows and falling? In Europe, where many rates are below 0%, signs of stress are emerging as the coronavirus outbreak hits companies' bottom lines. An index of credit default swaps on 75 high-risk European companies compiled by IHS Markit -- the iTraxx Europe Crossover - has surged to the highest in almost four years. The list is pretty diverse: airlines, retailers, carmakers and others all feature.
The death toll from an outbreak of coronavirus in Italy has risen by 49 to 197, the Civil Protection Agency said on Friday, the largest daily increase in fatalities since the contagion was uncovered two weeks ago.
The number of people in New York state who have tested positive for the coronavirus has increased by 11 to 33, governor Andrew Cuomo said on Friday.
JPMorgan Chase & Co Chief Executive and Chairman Jamie Dimon told senior colleagues he "feels really good" after undergoing emergency heart surgery, and his doctors are "happy" with his recovery so far, sources familiar with the matter told Reuters on Friday.
As the new coronavirus spreads and worldwide deaths linked to it top 3,400, global alarm is growing and has caused everything from consumer runs on face masks to mass school closures.