February 12, 2020

Fed’s Powell reinforces regulation and defends repo support in letter to Congress

U.S. central bank officials are considering options that would make it easier for banks to treat Treasury holdings similar to reserves when meeting liquidity requirements, Federal […]
February 12, 2020

S&P 500, Dow clinch fresh highs as new coronavirus cases drop

The S&P 500 and Dow Jones Industrials hit all-time highs on Wednesday, lifted by optimism that the coronavirus epidemic will be contained. Powered by WPeMatico
February 12, 2020

Wells Fargo ends forced arbitration for sexual harassment claims

Wells Fargo & Co said on Wednesday that it will no longer require arbitration for employees in connection with any future sexual harassment claims effective immediately. […]
February 12, 2020

New coronavirus: what markets should watch now

World markets started shrugging off the worst of the coronavirus impact last week and stock markets have since reached record highs. China’s announcement that new cases […]
February 12, 2020

BASF picks German state of Brandenburg as battery materials production site

Chemicals giant BASF on Wednesday picked a site in the eastern German state of Brandenburg for its second European battery materials factory, part of a 400 […]
February 12, 2020

S&P 500, Dow hit all-time highs as coronavirus spread slows

The S&P 500 and the Dow Jones Industrials hit record highs minutes after the open on Wednesday on signs that the coronavirus outbreak is slowing in […]
February 12, 2020

Gucci owner Kering halts spending in China on virus fears

Gucci-owner Kering has temporarily shut half of its stores in China, and shelved new openings and advertising campaigns there, as the coronavirus outbreak throws luxury brands […]
February 12, 2020

Nissan sues Ghosn for damages, risks plunging to loss

Nissan Motor Co could be heading for its first quarterly loss in more than a decade, three company sources said on Wednesday, as news emerged the […]
February 12, 2020

Bed Bath & Beyond’s gloomy sales indicate tough turnaround ahead

Shares of Bed Bath & Beyond Inc were on pace for their worst day ever on Wednesday, as disappointing sales numbers raised concerns on Wall Street […]
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