Coronavirus catapulting US into deepest recession since WW2

What will the economy look like after coronavirus? UBS managing director Jason Katz on how coronavirus is changing the economy, markets and daily life. Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here. Continue Reading Below The economic pain caused by the COVID-19 pandemic is just starting to be felt by the […]

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Varney: Pelosi's coronavirus oversight is 'politics at its worst'

Varney: Does Pelosi really have to conduct a probe as the nation struggles with coronavirus? FOX Business’ Stuart Varney on Speaker of the House Nancy Pelosi establishing a committee to investigate President Trump’s coronavirus spending. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below FOX Business’ Stuart Varney, in his latest […]

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Two U.S. state attorneys general seek info on Zoom's privacy practices

(Reuters) – At least two U.S. state attorneys have sought information from Zoom Video Communications Inc (ZM.O) following multiple reports that questioned the privacy and security of the videoconferencing app. Zoom’s popularity has surged as employees at businesses, schools and millions of other organizations across the world work from home due to lockdowns imposed to slow the spread of the […]

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Oil soars as OPEC plans peace talks on price war

Trump hopes Russia, Saudi Arabia end oil price war soon President Trump says the ongoing arguments between Russia and Saudi Arabia are severely hurting the oil industry. Oil prices spiked Friday amid reports OPEC members and their allies will hold a virtual meeting to discuss an end to their price war. Continue Reading Below Brent crude oil, the international benchmark, […]

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WRAPUP 2-Coronavirus brings record U.S. job growth to an end in March

(Updates with data release) By Lucia Mutikani WASHINGTON, April 3 (Reuters) – The U.S. economy shed jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the novel coronavirus pandemic shuttered businesses and factories, all but confirming a recession is underway. The Labor Department said employers cut 701,000 jobs last month after […]

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Investors look to China for a glimpse of life after coronavirus

* China seen emerging first from virus lockdown * Investors see social changes helping online businesses thrive * Flows data shows surge in China investment late in March By Tom Westbrook and Tom Arnold SINGAPORE/LONDON, April 3 (Reuters) – China’s recovery from the coronavirus outbreak may hold investable lessons for the rest of the globe, according to fund managers who […]

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Hostplus, Rest slash valuations of unlisted assets

The $54 billion superannuation fund representing the hospitality and tourism industries has slashed the valuations of unlisted investments on its books which represent up to 30 per cent of member portfolios. In a letter sent to members on Thursday night obtained by The Sydney Morning Herald and The Age, industry fund Hostplus said its property and infrastructure investments would be […]

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