Wall Street jumps in hopes of a $ 2 trillion boost
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, the United States, on March 20, 2020. REUTERS / Lucas Jackson (Reuters) – Wall Street jumped out on Tuesday as signals that Washington was approaching an agreement on a $ 2 trillion economic bailout package gave optimism to markets clashing […]
Emirates reverses the decision to suspend all passenger flights
DUBAI, UNITED ARAB EMIRATES – The long-haul airline Emirates said Sunday it had drastically reduced the destinations of its passenger flights from 145 locations to just 13 countries. It’s a key move that reflects the dramatic slowdown in traffic through the airline’s hub in Dubai, the world’s busiest international airport, due to outages caused by […]
The word “D” makes its way as the markets affected by the coronavirus prepare for the recession
NEW YORK (Reuters) – Coronavirus shock waves spreading through US stocks are forcing investors to contemplate more dire results than a recession, including several quarters of declining economic activity, a credit crisis or even a depression . FILE PHOTO: a trader works on the floor of the New York Stock Exchange a short distance from […]
Wall Street sinks as the Fed’s shock cut increases concerns about the spread of the virus
NEW YORK (Reuters) – US equities slumped sharply on Monday as the Federal Reserve’s drastic move to cut interest rates to near zero fueled anxiety over the extent of economic damage caused by the coronavirus pandemic. The Fed’s second emergency interest rate declined in less than two weeks and its commitment to buy over $ […]
North American equity markets are regaining ground hoping for economic stimulus
TORONTO – Canada’s leading equity index rebounded nearly 10% on Friday as hopes for government stimulus to alleviate the economic impact of the coronavirus epidemic and a slump in oil prices increased. But despite regaining some of the ground it gave in on its biggest one-day fall on Thursday, the market continued to close more […]
North American stock markets are regaining lost ground, wasting time
TORONTO – Canada’s leading equity index recorded a three-digit advance in late morning trades to regain some of the ground that it gave up on Thursday in its biggest one-day drop in record. The S & P / TSX composite index rose 353.11 points to 12.861,56, a day after giving up more than 1,700 points. […]
TSX crosses the bear market territory after COVID-19 has declared a pandemic
TORONTO – Canada’s leading equity index crossed the market downward on Wednesday following the World Health Organization which stated that the COVID-19 epidemic was a pandemic. The S & P / TSX composite index closed 688 points or 4.6 percent down to 14,270.09. A bear market is commonly referred to as a 20% loss from […]
Stock futures decline when investors seek stimulus to combat the spread of the virus
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, New York, the United States, March 10, 2020. REUTERS / Andrew Kelly (Reuters) – US stock index futures fell 2% on Wednesday after strong gains in the previous session, with investors increasingly frustrated by the lack of detail […]
The North American stock markets partially recovered the hope of stimulus and an increase in crude oil
TORONTO – Canada’s leading equity index partially rebounded from the worst one-day decline in over 30 years on the promise of a fiscal stimulus from the United States and other governments and an increase in oil prices. The S & P / TSX composite index gained up to 543 points or 3.7 percent in early […]
Alberta’s premier says all the options on the table to combat the collapse in oil prices
Prime Minister Alberta Jason Kenney says his government will do everything it can to save the province from a collapse in oil prices and wants the federal government to take a step forward as well. “It’s not just Alberta. As Alberta does, so does the national economy,” Kenney said in Calgary on Monday, after markets […]