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New York (CNN Business)Market volatility has reached epic heights in the past few weeks, so it’s tempting for investors to throw up their hands. Why not just ditch stocks and put money into cash in order to avoid big drops? That would probably be a mistake. Long-term investors need to ride out the inevitable bear markets — as painful as […]
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In this article In coronavirus-rocked debt markets, a historic wave of government bond selling is meeting the biggest monetary buying program on record. But even as central banks unleash their trillions, the issuance spree across developed economies is proving far from smooth sailing. Bill auctions are struggling in Spain and France. Hedge funds are seeking ways to exploit supply-and-demand glitches […]
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Trump announces Treasury Department support for airline industry President Trump discusses how the Payroll Support Program will give economic relief to the airline industry. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below CHICAGO (Reuters) – United Airlines said on Monday it expects to report a pre-tax loss of about […]
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As U.S. financial markets have rebounded feverishly this past month from the worst of the coronavirus-induced sell-off, one asset has been conspicuously absent from the rally: the collateralized loan obligation. Prices in key parts of the almost $700 billion market — which through large doses of Wall Street alchemy provides financing to companies with less-than-stellar credit scores — have remained […]
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Jim McDonald is using all of his four decades of experience in financial markets to navigate the global pandemic’s impact for wealthy and institutional customers at Northern Trust Corp. His main message: be bullish on U.S. stocks. The huge policy response from American authorities and prospects for even more fiscal measures have left McDonald favoring the U.S. over others. For […]
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Estimating and comparing companies’ results in the first quarter since the Covid-19 outbreak is more a guessing game than a science. By any measure, though, the outlook for Thailand Inc. is more bleak than for peers across Southeast Asia. Earnings predictions for companies in the MSCI Thailand Index have been slashed by 23% on average so far this year, the […]
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As President Donald Trump grappled with the coronavirus outbreak last month, he boasted at a press conference of tapping a secret weapon for advice: Larry Fink. The chief executive of BlackRock Inc. provided insight to Trump on coping with the fallout from the pandemic — and once again put his firm at center of a white-hot economic emergency. BlackRock is […]
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Tension is rising in the messy fight over commercial rent payments. With stores shuttered across the U.S., struggling retailers are skipping rent and asking for concessions, while landlords are demanding payment and having their own tricky conversations with lenders. There are no easy answers as officials ponder how to safely get the economy back open. So far this month, some […]
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Following the strong upward move seen in the previous session, treasuries saw some further upside during trading on Thursday. Bond prices gave back some ground after an early advance but remained firmly positive. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 2.9 basis points to 0.609 percent. The continued strength on Wall […]
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In this article No one is feeling the pain of an oil collapse more than the shale producers. Except, perhaps, their suppliers. Take Stacy Locke, chief executive officer for Pioneer Energy Services Corp. Locke says he had no choice but to abandon drilling in the Bakken shale basin after roughly 20 years there as plunging oil prices slashed activity, and […]
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