Friday, September 25

Tag: Reports

Oil prices slide 7% after producers’ meeting is postponed

Oil prices slide 7% after producers̵ ...

NEWS
NEW YORK (Reuters) - Global benchmark oil prices traded as much as $3 a barrel lower as the market opened for Monday’s trading session, reflecting fears of oversupply after Saudi Arabia and Russia postponed to Thursday a meeting about a potential pact to cut production. FILE PHOTO: The sun is see ...
Highlights: Quotes from Federal Reserve Chair Powell’s press conference

Highlights: Quotes from Federal Reserve ...

NEWS
WASHINGTON (Reuters) - The U.S. Federal Reserve and global central banks moved aggressively on Sunday to buttress a world economy unravelling rapidly amid the coronavirus pandemic, with the Fed slashing interest rates to near zero, pledging hundreds of billions of dollars in asset purchases and bac... ...
Stocks stage furious rally late after national emergency declared

Stocks stage furious rally late after na ...

NEWS
(Reuters) - Wall Street staged a furious rally in the waning moments of the session on Friday after U.S. President Donald Trump declared a national emergency to combat the rapidly spreading coronavirus, although major averages still suffered sharp losses for the week. In a volatile session, all th... ...
Another black Monday as coronavirus response upends Wall Street

Another black Monday as coronavirus resp ...

NEWS
NEW YORK (Reuters) - Wall Street suffered its biggest drop since the crash of 1987 on Monday after unprecedented steps taken by the Federal Reserve, lawmakers and the White House to slow the spread and blunt the economic hit of the coronavirus failed to restore order to markets. The S&P 500 tu... ...