S&P 500 Closes Barely Higher As Investors Balance Pandemic With Recovery
The S&P 500 closed barely higher, eking out a nominal gain on Monday as investors weighed new spikes in coronavirus…
Year: 2020
Trump Says Not In Favor Of Reopening China Trade Deal
President Donald Trump on Monday said he is not in favor of the United States reopening negotiations with China on…
Seven Nigerian Banks Post Combined N209.16bn Profits
The banks are Zenith Bank Plc, Guaranty Trust Bank Plc, Access Bank Plc, United Bank for Africa Plc, FBN Holdings Plc, Fidelity Bank Plc and Union Bank of Nigeria Plc.
WHO Warns That Coronavirus Cases Have Jumped In Countries That Eased Lockdowns
Several countries that have lifted coronavirus restrictions and reopened businesses, including China, have seen jumps in coronavirus cases, underscoring the…
Disney To Increase Shanghai Park Attendance By 5,000 Per Week, According To CEO
Disney plans to increase capacity at its Shanghai park by 5,000 people each week until it reaches the limited capacity figure…
Chinese Investment In The U.S. Drops To Lowest Level Since Global Financial Crisis
Chinese investment in the United States dropped to $5 billion in 2019, a slight decrease from a year earlier and…
Paving Way For U.S. Auto Industry, Michigan Factories To End Coronavirus Lockdown
Factories in Michigan can resume production on Monday, enabling North American automakers to bring thousands of idled employees in the…
This Bond Market Signal Indicates The Bear Market Isn’t Over Yet
The price action of high-yield corporate bonds will signal to investors when the bear market triggered by the coronavirus pandemic…
Over 80% Of U.S. Small Businesses Expect Longer Impact Of Pandemic: Survey
Eighty-one percent of small U.S. companies surveyed by Veem, a global payments network, expect the new coronavirus pandemic to affect…
Stocks Stumble On Fears Of Second Wave Of Coronavirus cases
Stock markets gave up their early gains on Monday after reports of a pick-up in new coronavirus cases that threatens…
Dollar Rises And Yen Falls Behind As More Countries Ease Lockdowns
The dollar rose on Monday as investors worried that economic recovery might be slower than hoped and sought the safety…
Here’s Why Oil Isn’t Likely To Go Negative Again This Month
Investors were shocked on April 20 when oil futures set for May delivery fell below zero for the first time ever .…
Netflix Stock Slumps Toward Quarterly Pivot On Earnings Miss
Netflix, Inc. (NFLX) missed quarterly earnings estimates after the closing bell on April 21. The stock declined toward its quarterly…
Johnson & Johnson Aims To Produce 1 Billion Coronavirus Vaccines For Next Year
Healthcare giant Johnson & Johnson is looking to produce a billion coronavirus vaccines for next year, according to Dr. Paul…
Coronavirus: How African Firms Are Being Impacted By The Lockdown
Although the transmission rate for coronavirus in Africa has so far been much slower than in Europe, the economic effects…
UK Prime Minister Announces “Careful Steps” To Ease Stay-At-Home Order
United Kingdom Prime Minister Boris Johnson has unveiled the “careful steps” the government will take to ease the emergency restrictions…
Coronavirus: What Shape Will The Recession Be?
Even though countries are now moving towards easing lockdown restrictions, the coronavirus pandemic has already hit the global economy hard.…
Emirates Airline Reports 21% Increase In Full-Year Profit
DUBAI, United Arab Emirates — Dubai state carrier Emirates Airline reported a 21% increase in its full-year profit in the 12…
Travel Changed After 9/11; Here’s How It Will Look After The Covid-19 Pandemic Finally Recedes
The coronavirus has devastated economies around the world and disrupted life in ways that were unimaginable just a few months…
Italy To Give Further Support To Companies Including Tax Incentives, Hybrid Bonds: Minister
Italy’s government is readying new measures to support companies struggling due to the coronavirus crisis, including tax incentives and hybrid…
UK To ‘Slowly And Cautiously’ Ease Lockdown To Restart economy: Minister
The British government wants to slowly and cautiously restart the economy, housing minister Robert Jenrick said on Sunday ahead of…
China Central Bank Signals More Policy Measures To Support Virus-Ravaged Economy
China’s central bank said on Sunday it will step up counter-cyclical adjustments to support the economy and make monetary policy…
U.S. To Begin Purchasing $3 billion Worth Of Farm Goods
President Donald Trump on Saturday said the United States will next week begin purchasing $3 billion worth of dairy, meat…
Major U.S Airlines Endorse Temperature Checks For Passengers
A major U.S. airline trade group on Saturday said it backed the U.S. Transportation Security Administration (TSA) checking the temperatures…
Brazil’s Central Bank To Shower Economy With Money In Case Of Depression: Economy Minister
Brazil’s Economy Minister Paulo Guedes on Saturday said the country’s central bank is likely to shower the economy with money…
More Than Ever, The World Looks To Central Bankers For Deliverance
The economic and financial carnage wrought by the pandemic could leave deep scars on the world economy. Central banks have…
Coronavirus: Most Jobs Will Not Return
The pandemic and subsequent recovery will accelerate the ongoing digitalization and automation of work—trends that have eroded middle-skill jobs while…
The Normal Economy Is Never Coming Back
As the lockdowns began, the first impulse was to search for historical analogies—1914, 1929, 1941? Since then, what has come…
Sweden’s Chief Scientist Admits The Country Could Have Done Some Things Differently After No-Lockdown Policy
Sweden’s decision to avoid a strict lockdown like its European neighbors drew global attention and was not without controversy. But…
TikTok Has Quietly Made London Its Main Hub In Europe
TikTok, the wildly popular social media app that has become a go-to app for young people, has quietly made London its…