Wall Street jumps as hopes for easing lockdown offset earnings worry

NEW YORK (Reuters) – U.S. stocks jumped on Tuesday as optimism that the Trump administration could move to ease lockdowns from the coronavirus outbreak overshadowed worrying earnings reports from JPMorgan and Wells Fargo. White House adviser Larry Kudlow said President Donald Trump would make a number of announcements about reopening Continue Reading

U.S. six-month deficit rises to $744 billion ahead of virus budget storm in April

WASHINGTON (Reuters) – The United States racked up a $744 billion budget deficit in the first half of fiscal 2020, up 8% from a year earlier, the Treasury said on Friday, ahead of an expected April spending explosion and withering of revenues amid the coronavirus pandemic. A U.S. five dollar Continue Reading

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Don’t Just Don’t just learn, experience. Don’t just read, absorb. Don’t just change, transform. Don’t just relate, advocate. Don’t just promise, prove. Don’t just criticize, encourage. Don’t just think, ponder. Don’t just take, give. Don’t just see, feel. Don’t just dream, do. Don’t just hear, listen. Don’t just talk, act. Continue Reading

VIX futures point to coronavirus worries for months to come

NEW YORK (Reuters) – Investors are betting on stocks to remain volatile well into the year, suggesting that many expect the long-term economic and public health impact of the pandemic caused by the novel coronavirus to continue roiling markets despite a recent rally. FILE PHOTO: The final numbers of the Continue Reading

Oil gains as hopes rise for production cut amid coronavirus outbreak

FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol TOKYO (Reuters) – Oil rose on Tuesday amid hopes that the world’s biggest producers of crude will agree to curtail production as the coronavirus pandemic ravages the global economy, Continue Reading

Elliott hedge fund gains in March, up 2.2% for year: client update

FILE PHOTO: Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach, California, U.S., October 25, 2016. REUTERS/Mike Blake – D1BEUJAQKPAC/File Photo BOSTON (Reuters) – Paul Singer’s Elliott International Ltd hedge fund gained an estimated 0.1% in March and is now up 2.2% Continue Reading

Airline industry braces for prolonged recovery from coronavirus crisis

SYDNEY (Reuters) – A full airline industry recovery from the coronavirus looks prolonged at best, analysts said, as new data showed international seat capacity had fallen to 23% of last year’s levels and around half the world’s airplane fleet is in storage. FILE PHOTO: A British Airways plane taxis past Continue Reading