Industry News

Everything you need to know about ‘mortgage forbearance’ and skipping mortgage payments during the coronavirus pandemic

The federal government has taken steps to alleviate the financial burden on homeowners by allowing them to pause and delay their mortgage payments.

Source: Fortune | 8 Apr 2020 | 10:45 am

Coronavirus outbreak should begin to turn around after 'bad week for deaths,' Fauci says

Dr. Anthony Fauci said new cases appear to be nearing their peak and the rate of hospitalizations is down.

Source: Top News and Analysis (pro) | 8 Apr 2020 | 10:08 am

Oil prices could plunge if OPEC and Russia fail to agree on a production cut

The world is awash in oil as global demand craters and an ill-timed price war adds fuel to the fire.

Source: Fortune | 8 Apr 2020 | 10:01 am

Slow money is killing the American economy – fast

The trillions of dollars approved for coronavirus relief won't mean much if they aren't delivered faster.

Source: Fortune | 8 Apr 2020 | 9:57 am

In the time of coronavirus, a big deal is still made

Personal finance platform SoFi acquired Galileo in a $1.2 billion deal.

Source: Fortune | 8 Apr 2020 | 9:50 am

Coronavirus could spell doom for fashion brands as demand and money dry up

Fashion brands rely on sales in department stores on to pay their bills. Demand for new product has disappeared, as major retail chains shuttered their stores amid the coronavirus pandemic.

Source: Top News and Analysis (pro) | 8 Apr 2020 | 9:37 am

Treasury Secretary Mnuchin says the government won't run out of money for small businesses

"I want to assure all small businesses out there: We will not run out of money," Mnuchin said. He's confident Congress will OK more funds.

Source: Top News and Analysis (pro) | 8 Apr 2020 | 9:27 am

McDonald's global same-store sales down 22% in March amid coronavirus pandemic

McDonald's said Wednesday that its global same-store sales fell 22% in March as the coronavirus pandemic led the fast-food chain to close its dining rooms.

Source: Top News and Analysis (pro) | 8 Apr 2020 | 9:09 am

Carson Block's Muddy Waters takes short position in online health marketplace eHealth

Carson Block's firm has taken a short position in eHealth, a digital health insurance marketplace company.

Source: Top News and Analysis (pro) | 8 Apr 2020 | 8:55 am

Barclays is the biggest bear on Wall Street and says there's a chance of an 'L-shaped' recovery

Barclays cut its year-end target on the S&P 500 to 2,500 from 3,000, representing the most bearish forecast on Wall Street.

Source: Top News and Analysis (pro) | 8 Apr 2020 | 8:52 am

GM to build 30,000 ventilators for national stockpile for $489.4 million

General Motors will build 30,000 ventilators for the national stockpile for $489.4 million to assist in the coronavirus pandemic, government officials announced Wednesday.

Source: Top News and Analysis (pro) | 8 Apr 2020 | 8:32 am

'Now is not the time': WHO responds to Trump's threat to cut funding

The WHO responded to President Trump's threat to cut funding to the body, saying the move would not be appropriate now.

Source: Top News and Analysis (pro) | 8 Apr 2020 | 8:28 am

How a top Citi banker works from home

The coronavirus has colored her job—and presented opportunities.

Source: Fortune | 8 Apr 2020 | 8:16 am

Pelosi and Schumer push for emergency coronavirus bill with at least $500 billion more in aid

Democrat hopes to add funding for hospitals and states to a coronavirus relief bill for small businesses the Senate wants to pass this week.

Source: Top News and Analysis (pro) | 8 Apr 2020 | 8:14 am

The coronavirus crisis puts the dividends of these popular stocks at risk

Here are some companies most immediately at risk of having to cut their dividends, according to Credit Suisse.

Source: Top News and Analysis (pro) | 8 Apr 2020 | 8:03 am