Stock rebound stalls as doubts about U.S. virus response grow
Asian shares and Wall Street futures fell on Wednesday as growing scepticism about Washington’s stimulus package to fight the coronavirus outbreak knocked the steam out of an earlier rally.
Citing past success, Mexico seeks to mediate Russia, Saudi Arabia oil row
Mexico and other nations are seeking to mediate between Russia and Saudi Arabia to end a price war that has battered world markets, Mexico’s finance minister said on Tuesday, citing his country’s prior experience in calming a crude producer feud.
Factbox: U.S. coronavirus stimulus according to Trump, Republicans, and Democrats
President Donald Trump met with fellow Republicans in the U.S. Senate on Tuesday to discuss a fiscal stimulus plan to bolster the nation’s economy in the face of the coronavirus outbreak.
From Exxon to Royal Caribbean Cruises, U.S. companies rush to hoard cash
Corporate America is gearing up for leaner times.
U.S. senator calls for action on forced labor in China’s Xinjiang
A senior U.S. senator on Tuesday accused U.S. firms of willfully ignoring “horrific” forced labor conditions in China’s Xinjiang region and called on the Commerce Department to stop American companies and consumers buying goods produced by such labor.
Financial firms around the world ramp up contingency plans as coronavirus hits
Banks and other large financial companies in major cities across the world ramped up their emergency measures to combat the spread of the coronavirus on Tuesday, with Barclays Plc and BlackRock Inc confirming one case in their New York offices.
College textbook merger raises ‘serious concern’ among U.S. lawmakers
Two U.S. lawmakers expressed serious concern on Tuesday about the effect of a planned merger of college textbook publishers Cengage Learning Holdings II and McGraw-Hill Education Inc, saying the deal would create a new industry leader with nearly half …
Bank of America top technology officer Boville has left: source
Bank of America Corp’s chief technology officer, Howard Boville, has left the company, according to a source familiar with the matter.
Reasons for optimism – and wariness – about the U.S. stock market
A day after Wall Street suffered its worst one-day drop since the financial crisis, investors are faced with an unfamiliar dilemma: bet that stocks will bounce back from the cusp of a bear market, or avoid scooping them up for now over fears they are f…
NYSE short interest rose 2.74% in late Feb.
Short interest on the New York Stock Exchange rose 2.74% in late February, the exchange said on Tuesday, suggesting an increase in bearish sentiment in the stock market.
