Goldman Sachs is being forced to open a new stock-trading hub in Paris, due to uncertainty surrounding Brexit and London’s future as a European center for the trading of equities. The investment-banking giant announced on Tuesday that it would open the new hub before the end of the year, pending …
Read More »: Airline stocks blast off after upbeat news on potential COVID-19 vaccine
ROSEMONT, IL – SEPTEMBER 3: An American Airlines jet is seen in the air preparing to land September 3, 2004 at Chicago’s O’Hare International Airport in Rosemont, Illinois. American Airlines announced December 10, 2004 that they will be raising domestic airfares $ 10 for round-trip and $ 5 for one-way …
Read More »Financial News: ‘I think it sent the right message’ — Goldman Sachs CEO David Solomon spent every day in the office at height of pandemic
David Solomon (Getty Images) Goldman Sachs Chief Executive David Solomon said he spent every day in the office at the height of the coronavirus pandemic. “It wasn’t a decision, like I woke up one day and said, ‘I’m going to be in the office every day during the pandemic,’” Solomon told …
Read More »Cannabis Watch: Aurora Cannabis stock slides nearly 12% on news of up to $1.4 billion goodwill impairment charge
Aurora Cannabis Inc.’s stock tumbled nearly 12% Tuesday, after the Canadian company said it’s recording up to C$ 1.8 billion ($ 1.4 billion) of goodwill impairment charges on some of its past acquisitions. Aurora ACB, +3.05% ACB, +3.22% had the most accumulated non-cash value on its balance sheet of the …
Read More »Medill News Service: Treasury says it will act with ‘urgency’ on humanitarian requests involving sanctioned countries during coronavirus pandemic
The head of the Office of Foreign Assets Control said Friday she wants to ensure that economic sanctions against foreign countries do not impede U.S. humanitarian relief for the COVID-19 pandemic, but the former director of the agency said the business community wants it to go further. The Treasury Department …
Read More »Key Words: Bill Gates shares his optimistic take on the coronavirus on Fox News
“ ‘If we do the social distancing properly we should be able to get out of this with the death numbers well short of that.’ ” That’s Microsoft MSFT, -0.92% co-founder Bill Gates referring to the projections that the U.S. could ultimately see between 100,000 and 240,000 deaths amid the …
Read More »Asia Markets: Asian stocks bounce after huge losses on news of possible U.S. tax cut
BEIJING (AP) — Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain …
Read More »Trump Today: Trump pins market drop on oil-price fight, ‘fake news’ with advisers set to present coronavirus response options
President Donald Trump on Monday blamed Saudi Arabia and Russia’s dispute over oil prices, plus what he called “fake news,” for steep stock-market losses, as he was set to be briefed on policy options for responding to the coronavirus. The main U.S. stock indexes DJIA, -4.82% SPX, -4.75% COMP, -4.36% …
Read More »The Wall Street Journal: Sanders pulls away from Biden in latest WSJ/NBC News poll
Sen. Bernie Sanders has taken sole possession of the lead in the Democratic primary race, a new Wall Street Journal/NBC News poll finds, with four candidates essentially tied for second place amid declining support for former Vice President Joe Biden and the rising profile of Michael Bloomberg, the former New …
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