Tag: Bank of America

US banks appear to be gearing up for entry into the oil industry

Oil industry The oil industry is estimated to owe banks $ 200 billion in loans. (Photo: AP) new York According to insiders, some major US banks are preparing to start operating oil and gas fields in the country for the first time in decades due to the slump in oil prices. Losses caused by the […]

Aid program for US SMEs starts off bumpy

Denver, Washington The Bank of America was the first large bank to implement government regulations. The staff worked through the night to launch an app for small and medium-sized businesses on Friday morning who want to apply for government aid loans. On Thursday evening there were still important guidelines from Washington that could still be […]

Weak labor market data pull Wall Street into the red

new York The drastic job cuts in the US weighed on the US stock markets on Friday. Investors preferred to cash in on the bleak economic outlook. The US leading index Dow Jones lost 1.7 percent to 21,053 points. The technology-heavy Nasdaq fell 1.5 percent to 7373 points and the broad S&P 500 lost 1.5 […]

US economy loses 701,000 jobs – stock markets only slightly down

Dusseldorf Despite poor US job market data, the US stock markets opened only slightly in the red on Friday. The US leading index Dow Jones lost 0.4 percent and opened at 21,335 points. The broader S&P 500 started 0.2 percent down at 2520 points, and the technology-heavy Nasdaq dropped 0.2 percent to 7476 points. Previously, […]

Weak labor market data pull Wall Street into the red

new York The drastic job cuts in the US weighed on the US stock markets on Friday. Investors preferred to cash in on the bleak economic outlook. The US leading index Dow Jones lost 1.7 percent to 21,053 points. The technology-heavy Nasdaq fell 1.5 percent to 7373 points and the broad S&P 500 lost 1.5 […]

Investors are now looking for crisis winners

Frankfurt Stock Exchange Experts expect the global stock markets to recover in the medium term. (Photo: dpa) Frankfurt The stock markets look shaky: after the massive price drop of more than 30 percent, well-respected stock indices like the Dax seem to be fighting to continue the recovery of the past week. But strategists are far […]

Bond ETFs come into focus in the corona crisis

Trading hall in New York Exchange-traded index funds ensure transparency in the opaque bond markets. (Photo: AFP) Frankfurt Many financial professionals have long warned that exchange-traded index funds, or ETFs for short, could have a crisis-enhancing effect in the event of a sell-out in the markets. This suspicion receives new nourishment in the corona crisis: […]