Coronavirus pandemic will likely end the strong profit growth in Singapore banks
After a strong run last year, the profitability of Singapore banks is expected to fall sharply in 2020. That’s due to the coronavirus pandemic, as well as a crash in oil prices that brought down some of the major energy...
Oil prices could go negative again for reasons beyond just storage
Martin Divisek | Bloomberg | Getty Images It’s not all about storage. Yes, the world is watching the available amount of oil storage to try to figure out when the ‘tank tops’ and there’s simply no more space to fill...
Stocks making the biggest moves after hours: Keurig Dr Pepper, F5 Networks, Tesla and more
Dr Pepper soda in the warehouse at the Dr Pepper Snapple Group bottling plant in Louisville, Kentucky, in April 2015. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines after the bell. Keurig Dr Pepper — The...
These 18 states are already paying gig workers and self-employed Americans unemployment
As the number of Americans without jobs continues to rise, more states are providing unemployment benefits to gig workers and those who are self-employed. About 4.4 million new workers applied for unemployment in the week ending April 18, bringing the...
Stock futures up more than 200 points as oil declines; traders weigh prospects of re-opening the economy
Charging Bull Statue is seen at the Financial District in New York City, United States on March 29, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Stocks futures were higher on Sunday night, as oil prices fell, while investors assessed...
‘Scary,’ ‘visceral,’ ‘unprecedented’: Traders describe oil’s wild week and fall to negative prices
Comstock | Stockbyte | Getty Images “Scary,” “unbelievable,” “so dramatic,” “unprecedented,” “very visceral”: These are among the choice words Wall Street veterans used to describe what was, for the oil market, a week for the history books. On Monday, for...
US says hedge funds, private equity firms are not eligible for small business relief loans
The Small Business Administration said Friday that hedge funds and private equity firms are ineligible for the small business relief program. The move comes after reports that hedge funds had applied for the first round of the Paycheck Protection Program. That...
These 17 states are already paying gig workers and self-employed Americans unemployment
As the number of Americans without jobs continues to rise, more states are providing unemployment benefits to gig workers and those who are self-employed. About 4.4 million new workers applied for unemployment in the week ending April 18, bringing the...
Trump signs $484 billion coronavirus relief bill to boost small business, hospitals and testing
President Donald Trump signed a $484 billion coronavirus relief package into law Friday as Washington plans the next steps in its unprecedented attempt to rescue an economy and health-care system bludgeoned by the pandemic. The measure puts $370 billion into...
Discover card CEO details shocking drop in consumer spending with travel category down 99%
A man wears a gas mask as he travels in a flight from Miami to Atlanta in Miami, on April 23, 2020. Chandan Khanna | AFP | Getty Images It’s clear that Americans have slowed their spending drastically as many...
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