The Federal Reserve has jolted credit markets by expanding the scope of its support measures, announcing plans to buy debt issued by riskier companies in a radical addition to its crisis-fighting toolkit. The Fed will not purchase high-yield bonds directly, but will buy shares in exchange traded funds that own the debt and seek to […]
Opec and Russia agreed on Thursday to make deep cuts to oil production, ending a weeks-long market-share war that put further pressure on prices already reeling from the biggest demand collapse in history. But the market reaction was punishing after details of the...
The economists predict a sharp, short recession for the first half of 2020 as the coronavirus pandemic “severely restricts economic activity,” the survey from the National Association for Business Economics found.Economic growth likely fell at a rate of...
New listings for homes have fallen significantly, according to new data released by Zillow Thursday. The number of newly listed homes during the first week of April was down 27% compared to the same time a year ago, Zillow’s (Z) analysis found. The drop is...
Parents who work for Microsoft (MSFT) can choose how and when to use the leave — whether it’s a three-month stretch or a few days a week — a company spokesperson told CNN Business. The company is calling the program “12-Week Paid Pandemic School and...
The breadth of Amazon’s sprawling business interests, and its increasingly central place in America’s fragile supply chain, underscores the company’s hold on consumers — and its potential to solidify its dominance in the coming months. The longer...
