Financial News

U.S., China must 'step up' to lead in the coronavirus crisis or emerging economies may sink, experts say
Both the U.S. and China have to "step up to the plate" and provide global leadership, during a time when the world's poorest countries are in trouble because of the coronavirus pandemic, said a top economist.
A surge in evictions could turn into financial crisis, economist warns
"This really could be catastrophic, and it extends beyond just the rental industry," said Tendayi Kapfidze, chief economist at LendingTree.
Here's what happened to the stock market on Friday
The S&P 500 rose on Friday amid a strong rally in some of the biggest technology companies.
What to do if you're at risk of eviction now that the CARES Act moratorium has ended
If you're facing eviction during the pandemic, you're definitely not alone. Follow these steps.
The $600 unemployment boost has ended. What's next?
The $600 weekly enhancement to unemployment benefits ended Friday. Lawmakers are trying to figure out what comes next as millions of Americans brace for a steep drop in aid.
Exxon reports second straight quarter of losses
Exxon said it lost $1.1 billion in the second quarter.
Stocks making the biggest moves in the premarket: Caterpillar, Merck, Chevron, Under Armour & more
The stocks making the biggest moves in premarket trading include Caterpillar, Merck, Chevron, Under Armour, and more.
Chevron shares fall after oil giant reports an $8.3 billion loss for second quarter
Chevron said Covid-19 "signifiantly reduced demand" in the second quarter.
Monzo's losses double as popular UK digital bank warns of pandemic uncertainty
Monzo said disruption resulting from Covid-19 has led to "significant doubt" about its ability to continue "as a going concern."
Major banks are giving new graduates virtual introductions to careers in finance
As students graduate into an uncertain jobs market, many major banks are offering virtual insights into a career in finance.
Stocks making the biggest moves after hours: Facebook, Amazon, Ford and more
See which stocks are posting big moves after the bell.
Dow closes 110 points higher amid Big Tech rally, Apple soars 10% to a record
Stocks wiped out earlier losses Friday after the biggest tech companies and market leaders — Amazon, Apple and Facebook — soared on their stellar quarterly results.
Apple just announced a stock split — here's what that means for investors
Apple is executing a four-for-one stock split.
Here's what happened to the stock market on Thursday
The broader market was under pressure amid dismal U.S. economic data, but the losses were capped as shares of Big Tech rose ahead of earnings.
The $600 unemployment boost is almost over. For some, aid will fall by 93%
A $600 boost in weekly unemployment benefits ends July 31. The average person can expect a 65% drop in aid, according to Labor Department data. It will be more dramatic for some in certain states.
Coastal flooding puts 20% of global economy at risk by 2100, new report finds
By the year 2100, coastal flooding could impact as much as 20% of global GDP, a new study finds.
U.S. weekly jobless claims rise for a second straight week, total 1.434 million
Jobless claims for last week were roughly in line with expectations as the coronavirus pandemic continues to ravage the U.S. economy.
Stocks making the biggest moves in the premarket: Procter & Gamble, Comcast, UPS, Cigna & more
The stocks making the biggest moves in premarket trading include Procter & Gamble, Comcast, UPS, Cigna, and more.
Shares of Singapore's top banks fall after regulator limits dividend payouts for 2020
The Monetary Authority of Singapore on Wednesday urged local banks to cap their total dividends per share this year to 60% of last year's amount.
Dollar will weaken further while bond yields strengthen, Wells Fargo predicts
Wells Fargo Securities' Michael Schumacher explains how the latest Fed decision on interest rates will likely influence two key areas.
Dow drops more than 200 points after the biggest U.S. GDP contraction on record
The Dow Jones Industrial Average and S&P 500 closed lower as investors digested a record-setting drop in U.S. economic activity.
Stocks making the biggest moves after hours: Qualcomm, Kodak, Qorvo, PayPal and more
See which stocks are posting big moves after the bell.
Here's what happened to the stock market on Wednesday
Stocks rose as major tech shares advanced broadly and after the Federal Reserve kept interest rates unchanged.
Kodak executive chairman addresses jump in trading activity before government deal was announced
Eastman Kodak saw heavy trading volume on Monday, prior to the company's announcement that it would manufacture drugs to help fight Covid-19.
GOP unemployment plan hurts these groups the most
The Senate Republican plan to replace the $600 weekly boost to unemployment benefits will hit some groups harder than others.
Here's what changed in the new Fed statement
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on June 10.
Fed holds rates steady, says economic growth is 'well below' pre-pandemic level
The Federal Open Market Committee released a statement following its two-day meeting that concluded Wednesday.
Stocks making the biggest moves midday: Kodak, AMD, Shopify, Boeing, General Electric & more
Check out the companies making headlines in midday trading.
Move over Tesla: Robinhood day-trading crowd finds a new speculative favorite in Kodak
Shares of Eastman Kodak are up more than 500%, and retail investors are piling into the name.
Make over $55,000? Unemployment benefits may replace less than 70% of your wages under HEALS Act
The HEALS Act, proposed Monday by Senate Republicans, would reduce a federal unemployment subsidy so it replaces 70% of workers' lost wages. But that's not true for everyone.

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