March 19, 2020

Cash is king as emergency stimulus fails to stop market panic

The dollar surged and everything else was blown away on Thursday as emergency central bank measures in Europe, the United States and Australia failed to halt […]
March 19, 2020

Oil rockets nearly 20% as investors hail coronavirus stimulus spending – for now

Oil prices surged as much as nearly 20% on Thursday, bouncing back from days of heavy losses in a relief rally that may yet be short-lived, […]
March 19, 2020

Dollar surges, stocks fall as ECB fails to stop panic

The dollar surged, bonds plunged and global markets struggled to find their footing on Thursday as the European Central Bank’s latest promise of stimulus provided only […]
March 18, 2020

Wall Street slumps again as fears continue to spiral, Dow all but erases ‘Trump-bump’

U.S. stocks deepened their selloff on Wednesday and the Dow erased virtually the last of its gains since President Donald Trump’s 2017 inauguration, as the widening […]
March 18, 2020

Dow loses almost all that it gained during Trump’s presidency

As Wall Street extended its deep sell-off on Wednesday over fears about the coronavirus, the Dow Jones Industrial Average effectively erased the last of the once […]
March 18, 2020

GM, Mercedes to furlough all workers in Brazil, suggesting production stop

General Motors Co and Mercedes Benz will furlough all employees in Brazil later this month, the companies said on Wednesday, suggesting that production in South America’s […]
March 18, 2020

GM studying if automaker could support production of medical equipment

General Motors Co confirmed on Wednesday it is considering how it could support production of medical equipment like ventilators that may be needed to combat the […]
March 18, 2020

Air Canada to suspend majority of its international, U.S. trans-border flights

Air Canada said on Wednesday it would gradually suspend the majority of its international and U.S. trans-borderflights by March 31 in response to the coronavirus crisis. […]
March 18, 2020

Japan’s MUFG takes big loss on loan to Glencore-led coal port: sources

Mitsubishi UFJ Financial Group (MUFG) sold off its $85 million loan to Glencore’s Wiggins Island Coal Export Terminal (WICET) in Australia to a hedge fund on […]
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