The list of companies either warning about future profits or pulling their earnings guidance altogether features some iconic names — such as Amazon and Apple — that have driven the remarkable rally since markets bottomed out on March 23
— AP’s Martin Crutsinger: “The U.S. service sector shrank for the first time in a decade last month as the pandemic forced shutdowns and layoffs nationwide. The Institute for Supply Management said Tuesday that its service-sector index fell to 41.8 in April, compared with a March reading of 52.5.”— Bloomberg’s Christopher Condon: “Federal Reserve Vice Chairman Richard Clarida mixed a sobering acknowledgment of the damage inflicted on the U.S.
“‘We’re living through the most severe contraction in activity and surge in unemployment that we’ve seen in our lifetimes,’ Clarida said Tuesday in an interview on CNBC television. ‘But recovery could begin in the second half of the year, and that today is my forecast.’ Asked to clarify, Clarida said he expected positive economic growth in both the third and fourth quarters of 2020.”on Tuesday it’s ‘reasonable’ to expect the U.S.
“The practice was driving up corporate debt to excessive and worrisome levels, regulators chastised. But now, in its latest effort to keep credit flowing, the Fed has done a remarkable about-face. It essentially endorsed the dubious practice with a program that may serve to bail out some of America’s most leveraged companies.”— Reuters’ Pete Schroeder: “U.S.
“The regulators said the change to the ‘liquidity coverage ratio’ rule is aimed at neutralizing the impact of banks participating in the Federal Reserve’s new Money Market Mutual Fund and Paycheck Protection Program Liquidity Facilities. It otherwise does not change the rule, which requires banks to hold high-quality liquid assets on their books.
“The Carlyle Group argued that some of its companies in aviation, a particularly hard-hit sector, should be eligible for emergency assistance. A co-founder of Apollo Global Management pushed hard for a broader use of a lending program that could benefit its holdings.”Colin Higgins,A message from H&R Block:The COVID-19 pandemic has left many small business storefronts closed and their staff unemployed.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Trump Admits He's Blocking Coronavirus Oversight Because Of 'Trump Haters'"The House is a bunch of Trump haters," the president said dismissively of a co-equal branch of government.
Lire la suite »
Whistleblower Alleges Trump Administration Ignored Dire COVID-19 WarningsThe Trump administration was warned in late January that it had a critical shortage of surgical masks needed to combat coronavirus and that it needed to prioritize the development of a vaccine. But it failed to take action, a top administration health official alleges in a whistleblower complaint formally
Lire la suite »
Trump Wishes Women Journalists Were More Like 1950s TV HousewivesPresident Trump fancies himself impervious to media grilling, but even his bluster hasn’t stopped him from having a bone to pick with the behavior of two White House reporters. Predictably, they’re both women.
Lire la suite »
Trump admin monitoring coronavirus conditions in Latin America, weighing next stepsThe Trump administration is tracking coronavirus conditions in Mexico and Latin America amid concerns that the situation might deteriorate and drive migration north as cases in the region increase.
Lire la suite »