China aims to be a stabilizing force as global financial markets gyrate
A staff worker wearing a protective mask and protective suit checks a visitor’s body temperature with a temperature gun by a monitor showing the current stock information at the Shanghai Stock Exchange Building on March 20, 2020 in Shanghai, China....
Airlines tell Congress they need cash coronavirus aid or thousands will be furloughed
Airplanes sit on the tarmac at John F. Kennedy Airport (JFK) on January 31, 2020 in New York City. Spencer Platt | Getty Images U.S. airlines on Saturday warned they will have to furlough workers unless Congress approves a $58...
Financing programs for businesses hit by the coronavirus could amount to $4 trillion, Mnuchin says
Steven Mnuchin, U.S. Treasury secretary, right, speaks beside U.S. President Donald Trump during a Coronavirus Task Force news conference in the briefing room of the White House in Washington, D.C., U.S., on Tuesday, March 17, 2020. Kevin Dietsch | Bloomberg...
Stocks can return to records early next year if the US can curb coronavirus spread, says JPMorgan
Meric Greenbaum, Designated Market Maker IMC financial looks up at the board before the opening bell right before trading halted on the New York Stock Exchange on March 9, 2020 in New York. Timothy A. Clary | AFP | Getty...
Coronavirus scams, feeding off investor fears, mimic fraud from the 2008 financial crisis
PeopleImages Coronavirus scams are emerging, and many look remarkably similar to frauds from the 2008 financial crisis. Government agencies like the Federal Trade Commission and Federal Deposit Insurance Corp. issued warnings this week for Americans to be vigilant as con...
Goldman Sachs CEO David Solomon gets a 20% raise to $27.5 million for his work in 2019
Goldman Sachs CEO David Solomon got a 20% raise to $27.5 million for his work leading the bank in 2019. His pay package includes a $2 million annual salary, $7.65 million in a cash bonus, and $17.85 million in performance-linked...
Bank of America boosts pay for tellers by $400 a month, cuts their hours amid coronavirus outbreak
A Bank of America financial manager shows a customer how to use the ATM with Teller Assist station in Cherry Creek. Andy Cross | Denver Post | Getty Images Bank of America said it was boosting pay for bank tellers...
Bank of America says customers impacted by coronavirus may be able to defer mortgage payments
US President Donald Trump gestures as CEO of Bank of America Brian Moynihan (L) speaks during a meeting with banking leaders to discuss how the financial services industry can meet the needs of customers affected by COVID-19 at the White...
Bank of America says the recession is already here: ‘Jobs will be lost, wealth will be destroyed’
Bank of America warned investors on Thursday that a coronavirus-induced recession is no longer avoidable — it’s already here. “We are officially declaring that the economy has fallen into a recession … joining the rest of the world, and it is...
Unprecedented spike in weekly jobless claims is just the start, as unemployment is set to double
Mostly just Macy’s workers pace the main floor, around the beauty department, on March 17. Source: Lauren Thomas, CNBC Thursday’s spike in weekly jobless claims signals just the start of a crush of coronavirus-induced layoffs that could more than double the...
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