Older Americans nearing retirement age weren’t exactly in great shape financially when 2020 began, and now the economic tsunami caused by the coronavirus has made their situation even more perilous. When the year began, some 15 million Americans aged 62 and over were living in poverty. That’s now likely to …
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Crude futures traded lower on Wednesday, with the U.S. benchmark contract at risk of snapping a five-session streak, pressured by concerns over tightening oil-storage capacity even as weekly crude inventories rose less than expected and domestic production declined. The build in weekly U.S. crude inventories reported by the Energy Information …
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The $ 2 trillion stimulus bill that authorized direct checks to millions of Americans is a sprawling and complicated piece of legislation — true story. But here’s another true story: your money is yours to save, spend, invest or donate because it’s not a loan Uncle Sam is expecting you …
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With the number of COVID-19 deaths flat two straight days and new hospitalizations falling, New York is possibly entering the pandemic’s apex, said Gov. Andrew Cuomo on Monday. However, he stressed that New Yorkers need to practice better social distancing and extended the state’s lockdown until at least April 29. …
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April will pose a crucial test for stock-market investors looking for signs that the worst of the market carnage triggered by the global COVID-19 pandemic is past, as the outbreak continues to claim lives and promises historic, near-term economic pain. Bears contend the sheer uncertainty surrounding the impact of the …
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Oil futures fell Wednesday, with worries about growing supply amid a price war between Saudi Arabia and Russia outweighing support from an agreement on a $ 2 trillion U.S. economic stimulus program. Weekly data from the Energy Information Administration, meanwhile, revealed a smaller-than-expected weekly climb in U.S. crude inventories, but …
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U.S stock futures and crude oil prices plunged in electronic trading late Sunday, as fears of a global oil-price war combined with coronavirus fears to rattle traders. Dow Jones Industrial Average futures YM00, -4.86% were last down more than 1,100 points as S&P 500 futures ES00, -4.89% and Nasdaq Composite …
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D AFP/Getty Images Danone SA said Wednesday that net profit fell for 2019 and it issued new guidance for 2020. The French food company BN, +0.06% said net profit for the year was 1.93 billion euros ($ 2.09 billion), compared with EUR2.35 billion the year previous. An analyst consensus provided …
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Kraft Heinz Co., the company that makes Kool-Aid and Velveeta, saw its bonds lose their investment-grade status and fall into “junk” territory after two credit ratings firms on Friday downgraded the debt. The moves by Fitch Ratings and S&P Global Ratings turned Kraft’s debt into a “fallen angel,” a term …
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