Tag: coronavirus

October 27, 2020

U.S. stocks fell sharply on Wednesday amid concerns over the latest increase in coronavirus infections and its potential impact on the global economy. The Dow Jones Industrial Average dropped 803 points, or 2.9%. The S&P 500 slid 2.9% and the […]

October 26, 2020

Hong Kong-listed shares of HSBC popped on Tuesday after third quarter profits beat market expectations. Europe’s largest bank by assets reported profit before tax of $3.07 billion in the July-to-September quarter, 36% lower than the $4.84 billion recorded a year […]

October 15, 2020

Life insurance is enjoying something of a renaissance as a result of the coronavirus pandemic. Consumers, especially younger adults, have been buying insurance in elevated numbers since the spring, when thousands of Americans began getting ill and dying from Covid-19. […]

October 13, 2020

U.S. stock index futures rose in early morning trading after the major averages registered their first day of losses in five trading sessions. Futures contracts tied to the Dow Jones Industrial Average advanced 53 points. S&P 500 futures and Nasdaq […]

October 1, 2020

Dow futures fell early Friday after President Donald Trump and first lady Melania Trump tested positive for coronavirus. Futures tied to the Dow Jones Industrial Average indicated an opening loss of more than 250 points, recovering a bit after earlier […]

September 30, 2020

Traveling now carries with it more uncertainty than ever before. If you plan on traveling anytime soon, one thing you can do to protect yourself is get a trip insurance policy that includes coronavirus coverage. Previously, many insurers excluded Covid-related […]

September 29, 2020

In its report, Verizon reveals that the financial sector ranks fourth among all sectors (1,509 incidents), and at second overall just behind healthcare (448 breaches) in its analysis of more than 32,000 security incidents and 3,950 breaches. In addition, these […]

September 23, 2020

Some JPMorgan Chase traders are upset that they only learned about a coronavirus case in their building last week from press reports, CNBC has learned. When the bank discovered that an employee on the fifth floor of its Manhattan headquarters […]

September 18, 2020

The University of Michigan said the preliminary reading of its U.S. consumer sentiment index in September was 78.9, up from 74.1 in the prior month. Economists polled by MarketWatch expected a reading of 75.9. The sentiment indicator covers how consumers […]

September 17, 2020

The bank, which became the first Wall Street institution to appoint a woman as its CEO last week, employs around 204,000 people. The bank expects its cuts to affect 26,000 people in 2020. Citi wasn’t alone in putting a pause […]

August 27, 2020

During the second half of 2020, global reinsurers reported anemic earnings amid an increase in coronavirus claims, although investment returns rebounded, Moody’s Investors Service reported. A bright spot was strong pricing momentum and capital levels remains healthy, but a high […]

August 20, 2020

U.S. stocks opened modestly lower on Thursday after a weekly jobless benefit claims report suggested the recovery in employment was flagging. After the S&P 500 index achieved its record close earlier this week, investors have become more angst-ridden about pricey […]

August 19, 2020

Federal Open Market Committee members expressed concern at their latest meeting over the future of the economy, saying that the coronavirus likely would continue to stunt growth and potentially pose dangers to the financial system. At the July 28-29 session, […]

August 17, 2020

U.S. stock benchmarks rose modestly early Monday, with the S&P 500 index trading near record territory but finding few reasons to trade higher amid a congressional stalemate over fresh stimulus to help Americans and businesses hurt by the coronavirus pandemic. […]

August 12, 2020

The grants are part of the bank’s overall $116 million commitment to addressing social and economic inequities. “This emphasis on closing racial gaps is consistent with our ongoing allocation and investment strategy,” says William Carson, vice president of the community […]

August 11, 2020

As the coronavirus pandemic took hold early this spring and markets plunged, a wave of Americans saw an opportunity to start investing. But one expert says this new herd is making some old mistakes — namely, chasing hot stocks. “I’ll […]

August 4, 2020

The U.S. economy, battered by a resurgence in the spread of COVID-19, needs increased government spending to tide over households and businesses and broader use of masks to better control the virus, U.S. central bankers said on Monday. The calls […]

August 3, 2020

It says coronavirus disruption casts “significant doubt” on its ability to continue as a going concern. However, net losses widened as it ramped up spending on marketing, technology and staff. The amount spent by Monzo customers also rose to £10.9 […]

July 30, 2020

Insurers in the European Union are confronted with risks on several fronts that are intensified by the COVID-19 pandemic, and could face lengthy legal battles from claims relating to lockdowns, the bloc’s insurance watchdog said on Thursday. Insurers and reinsurers […]

July 29, 2020

The U.S. suffered the biggest economic decline in the second quarter since the government began keeping track after World War Two. How much? Try 30% — or more. Economists polled by MarketWatch estimate gross domestic product — the official scorecard […]