Executives at regional U.S. banks often say they’re only going to do as well as their clients. That’s now more true than ever. Investors are focused on which firms are exposed to the wrong industries as the coronavirus pandemic roils the economy, and they plan to scour for clues as the lenders report results in coming weeks. Bank stocks have […]
Read moreThe credit bubble has burst amid coronavirus: Investor Head of Restructuring and Distressed M&A at Gordian Group LLC Peter Kaufman argues there is no more easy money for a lot of companies as the coronavirus hits the economy. Top U.S. banks have threatened to give the federal government's small-business rescue program a miss on concerns about taking on too much financial and […]
Read moreCrude oil prices drifted lower after early gains on Wednesday, as official data showed crude stockpiles in the U.S. rose for a tenth successive week. Continued worries about outlook for energy demand amid fears of a deep recession due to the impact of the coronavirus outbreak weighed as well on energy prices. Reports that the U.S. President Donald Trump is […]
Read moreTrump says he talked to Putin about oil prices President Trump discusses the ongoing arguments between Saudi Arabia and Russia and says the low cost of oil is harmful to the industry. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below (Reuters) – Whiting Petroleum Corp said on Wednesday it filed […]
Read moreFox Business Flash top headlines for March 31 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below WASHINGTON - Nine Democratic U.S. senators on Tuesday urged the chief executives of 11 major airlines to issue full cash refunds […]
Read moreGold prices declined sharply on Tuesday, extending recent losses, after the dollar edged higher, and equities firmed up on strong Chinese manufacturing data. The dollar index was up 99.95 early on in the session, and after falling to 98.99 by noon, recovered to 99.50 before faltering again. Gold futures for June ended down $46.60, or about 2.8%, at $1,596.60 an […]
Read moreAkero Therapeutics Inc.’s (AKRO) phase IIa study of its investigational drug AKR-001 in patients with biopsy-confirmed nonalcoholic steatohepatitis, or NASH, has met the primary endpoint. In the study, dubbed BALANCED, all AKR-001 dose groups, say 28mg, 50 mg, and 70 mg, met the primary endpoint, with statistically significant absolute reductions in liver fat of 12-14% at Week 12. Similarly, all […]
Read moreReversals in positioning that may show sellers are exhausted. Extreme readings in market breadth, pointing to washouts in investor sentiment. Rallies in stocks targeted by shorts. In trying to pick the bottom in equities, Wall Street has little choice but to rely on signals that worked in the past. It’s a risky kind of logic when confronting a threat that […]
Read moreTrump: GM has ‘been great’ in coronavirus support since Defense Production Act President Trump discusses GM agreeing to produce thousands of ventilators each month and how production is progressing worldwide. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below President Trump described the Defense Production Act as "great leverage" in […]
Read moreIndonesian stocks trimmed losses slightly after the exchanged lifted a 30-minute trading halt triggered by a 5% plunge. The Jakarta Composite Index was down 4.6% as of 11:10 a.m. Jakarta time, snapping a two-day winning streak. The benchmark gauge soared 15% in two days through Friday, the best gain since 1999 as investors bet that various measures to prop up […]
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