More From Palash Ghosh
Friday’s Stock Market Open: US Equities Rise After Tech Giants Deliver Strong Results, Gold Jumps
US stocks rose on Friday after Amazon, Facebook, Google, Apple posted blowout results
Jul 31, 2020
Eurozone Economy Plunged By Record 12.1% In Second Quarter
Eurozone GDP fell by an all-time record in the second quarter as lockdown shut down business activity.
Jul 31, 2020
Apple’s Fiscal Third Quarter Earnings, Revenue Soundly Beats Analysts’ Expectations, Sets Stock Split
The iPhone maker surpassed analysts’ estimates despite the fact that many of its retail stores were closed during the pandemic.
Jul 30, 2020
Thursday’s Stock Market Close: US Equities Mixed, As Nasdaq Rises Ahead Of Tech Earnings, Dow Drops
US stocks finished mixed on Thursday as US GDP plummeted by a record figure, but tech stocks gained
Jul 30, 2020
Exxon Mobil Considers Layoffs, Spending Cuts To Save Its Dividend
The oil and gas corporation may cut jobs and spending to preserve its $15 billion annual dividend
Jul 30, 2020
Here's How ‘Horrific’ Plunge In Second Quarter GDP In The US Happened
The U.S. economy dropped by the highest amount in recorded history, while millions remain unemployed
Jul 30, 2020
Thursday’s Stock Market Open: US Equities Drop As US Economy Plunges 32.9% In Second Quarter
US stocks fell on Thursday as US GDP plummeted by a record figure, while initial jobless claims rose.
Jul 30, 2020
US Economy Plummeted By Historic 32.9% In Second Quarter
The US economy plunged by the largest amount in history as the coronavirus pandemic decimated business activity.
Jul 30, 2020
Germany’s Economy Plunges By Record 10.1% In Second Quarter
The drop was more than twice the size of the previous record – a 4.7% tumble in GDP recorded in first quarter of 2009.
Jul 30, 2020
Wednesday’s Stock Market Close: US Equities Rise As Federal Reserve Keeps Rates Near Zero
US stocks gained on Wednesday as pending home sales surged in June, while the Fed kept interest rates unchanged at near zero.
Jul 29, 2020
Fed Chief Jerome Powell Calls COVID-19 'Biggest Shock' To US Economy In 'Living Memory'
The Fed chair addressed a number of questions in an hour-long virtual press conference.
Jul 29, 2020
Federal Reserve Warns Of ‘Considerable Risks’ To Economic Outlook, Keeps Interest Rates Unchanged
The Fed decided to keep the federal funds rate unchanged. It's currently zero to 0.25%.
Jul 29, 2020
European Banks Took Huge Loan Loss Reserves In Second Quarter As Pandemic Fears Cut Profits
Barclays, Deutsche Bank, Santander took a total of $6.6 billion in loan loss charges.
Jul 29, 2020
General Electric Plans To Divest Entire Stake In Baker Hughes In Three Years
GE owns about a 37% stake in the oilfield services company.
Jul 29, 2020
GM Posts $800 Million Loss In Second Quarter, But North American Unit Remained Resilient
Sales of GM's new vehicles plunged 34.6% in the U.S. in the quarter
Jul 29, 2020
Boeing Posts Huge Second Quarter Loss, Warns Of More Cuts In Production, Jobs
The aerospace giant's CEO estimated it will take about three years for airlines to return to 2019 passenger levels.
Jul 29, 2020
Wednesday’s Stock Market Open: US Equities Drop Ahead Of Fed Policy Statement, Tech Antitrust Hearing
The Dow falls more than 200 points at bell as traders await antitrust hearing involving Big Tech CEOs
Jul 29, 2020
General Electric Posts Second Quarter Loss, On Better-Than-Expected Revenues, But Aviation Unit Weak
GE shares have dropped 38% this year
Jul 29, 2020
Monday’s Stock Market Close: US Equities Rise As Tech Delivers Strong Gains, While Traders Await GOP’s New Stimulus Package
US stocks gained on Monday as gold soared to record high.
Jul 27, 2020
Goldman Sachs’ New Performance Review System May Harbinger For New Job Cuts Next Year
The prominent investment bank could have up to 10% of its 39,000 employees graded as “underperformers” this year.
Jul 27, 2020
HSBC Seeks To Double Number Of Black Senior Staff By 2025
The bank did not disclose what percentage of senior staff are presently Black
Jul 27, 2020
Deutsche Bank Pledges To Phase Out Financing To Coal Industry By 2025
JPMorgan has already made similar commitments
Jul 27, 2020
Hong Kong’s New Hang Seng Tech Stock Index Has Rocky Debut
The Hang Seng Tech Index fell 1.3% on Monday.
Jul 27, 2020
Gold Surges To Record High As Investors Flock To Safe Havens During Economic Uncertainties
The yellow metal has jumped about 27% in price so far this year – making it one of the top performing assets for the year, CNN reports.
Jul 27, 2020
Monday’s Stock Market Open: US Equities Mixed As Senate GOP Prepares To Unveil New Stimulus Package
US stocks opened mixed on Monday as gold soars to new record high.
Jul 27, 2020
UK Economy May Take Four Years To Recover To Pre-Pandemic Levels
EY said UK economic activity may not return to 2019 levels until late 2024
Jul 27, 2020
Friday’s Stock Market Close: US Equities Drop As China-US Relations Worsen, Senate GOP Delays Relief Package
US stocks dropped on Friday on rising tensions between the US and China
Jul 24, 2020
Millions Of US Renters Face Eviction As Unemployment Benefits, Moratoriums Expire
Cities like New York and Houston expect to be particularly badly hit as so many unemployed Americans have been surviving on government aid.
Jul 24, 2020
More Fallout From Plunging Crude Prices: Schlumberger To Slash 21,000 Jobs After Posting Huge Q2 Loss
The cuts will affect about one-fourth of the oilfield services company’s workforce.
Jul 24, 2020
Trump Administration Greenlights Pebble Gold Mine In Alaska, Reversing Obama Policy
Local indigenous groups oppose the project.
Jul 24, 2020
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