© Reuters. The outbreak of the coronavirus disease (COVID-19) in Beverly Hills (Reuters) – Ralph Lauren Corp (N:) reported a bigger-than-expected 66% fall in quarterly revenue on Tuesday, as it struggled with the coronavirus-led closures of its outlets and department stores across the world. Shares of the New York-basedRead More →
“ ‘There are dislocations today that are as large as they were three months ago. ‘ ” — Boaz Weinstein That is Boaz Weinstein, the former star Deutsche Bank DB, -0.62% trader who now runs his own hedge-fund firm, Saba Capital Management explaining his investment outlook during the pandemicRead More →
© Reuters. Wells Fargo Bank branch is seen in New York (Reuters) – Wells Fargo (NYSE:) & Co swung to a second-quarter loss as the coronavirus set back the bank’s progress in recovering after a series of misselling scandals, forcing it to set aside billions of dollars to coverRead More →
Reuters. The Tesla logo can be seen on a car in Los Angeles (Reuters) – Tesla Inc (O:) has cut the price of its Model Y sport utility vehicle by $3,000 just four months after its launch as the U.S. electric carmaker seeks to maintain sales momentum in theRead More →
Older generations have multiplied their monthly Bitcoin investments on the British crypto trading application Mode nine times since the beginning of the pandemic and the blockades. Mode Banking reported that Baby Boomers (born between 1946 and 1964) and Generation X investors (born between 1965 and 1980) have been investingRead More →
Reuters. Deliverymen go on strike to demand better working conditions and pay 2/6 By Marcelo Rochabrun SAO PAULO (Reuters) – More than 1,000 motorcycle food deliverers gathered on Wednesday in São Paulo to protest their working conditions, set by Uber (N:) and other applications, as their services are in highRead More →
Stay safe, MarketWatchers, and don’t miss these top stories: Personal finance Almost 1 in 3 Americans feel less patriotic this July 4th Fewer people are celebrating the Fourth of July or spending money on the holiday this year, surveys find What financial advisers have been doing with their clients’ moneyRead More →
Warren Buffett famously said: “You only find out who is swimming naked when the tide goes out.” So it has been with the COVID-19 pandemic in relation to the rigor with which companies have engaged with ESG (environmental, social, and governance) concerns. Whether it takes the form of companies workingRead More →
© Reuters. By Bharath ManjeshR and Fergal Smith BENGALURU/TORONTO (Reuters) – Canadian companies went on a debt binge as the COVID-19 crisis slammed the economy, with Canada Inc rushing to the bond market at the heaviest pace in at least a decade. Corporate bond issuance in Canada between January andRead More →
The numbers: The step-by-step reopening of the economy and the increase in the number of people returning to work buoyed the spirits of U.S. households in early June, according to a closely followed survey of consumer sentiment. The preliminary reading of the consumer-sentiment survey rose to 78.9 in June fromRead More →
U.S. stock-index futures bounced around in thin trading early Monday morning, amid violent protests that reverberated throughout the country. The clashes between police and protesters come while the U.S., and much of the world, is in the throes of the coronavirus pandemic that has rocked the domestic economy to itsRead More →
2/2 © Reuters. The Lyft logo is seen on a parked Lyft Scooter in Washington 2/2 By Jonathan Stempel NEW YORK (Reuters) – Lyft Inc (NASDAQ:) was sued on Friday by a former driver who accused the ride-sharing company of failing to provide required paid sick leave to drivers inRead More →
2/2 © Reuters. FILE PHOTO: The Codelco El Teniente copper mine, the world’s largest underground copper mine is shown near Machali, Chile 2/2 By Fabian Cambero SANTIAGO (Reuters) – Chile’s powerful unions are headed into contract talks with a hand weakened by the coronavirus pandemic, giving an edge to minersRead More →
By Stephanie Nebehay and Ryan Woo GENEVA/BEIJING (Reuters) – Hopes the coronavirus would be contained to China vanished on Friday as infections spread rapidly around the world, countries started stockpiling medical equipment and investors took flight in expectation of a global recession. Share prices were on track for the worstRead More →
© Reuters. Sanitation worker wearing a face mask walks past a branch of ICBC in Wuhan By David Stanway and Josh Smith SHANGHAI/SEOUL (Reuters) – China and South Korea reported 500 new coronavirus cases on Wednesday, including the first U.S. soldier to be infected, as the United States warned ofRead More →
