As the U.S. flirts with extreme market volatility and the possibility of its first recession since the 2008 financial crisis, its amazing to think how much consumer financial services have changed in that time. For the last ten years, fintechs have relentless…
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Month: March 2020
Tesla plant can#39;t run normally in coronavirus shutdown
Tesla Inc cannot continue to operate its main U.S. vehicle plant normally as its San Francisco Bay Area home began a three-week lockdown on Tuesday to slow the spread of coronavirus, a county sheriff’s office spokesman said. The comment relates to Tesla’s fa…
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The daily business briefing: March 18, 2020
Treasury Secretary Steven Mnuchin told reporters on Tuesday that the Trump administration wants Congress to approve sending checks to most American adults in the next two weeks to help them get through the coronavirus crisis. “Americans need cash now,” Mnuchi…
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What to watch today: Dow futures swing wildly after Wall Street’s worst day since the 1987 crash
BY THE NUMBERS U.S. stock futures, in a volatile overnight and Tuesday morning session, reached their 5% “limit up” levels, but at one stage, plunged briefly negative before recovering. The Dow Jones Industrial Average was looking to open up more than 400 po…
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What to watch today: Dow futures hit ‘limit down’ after Tuesday’s rebound
BY THE NUMBERS U.S. stock futures hit their 5% “limit down” levels, meaning they can’t trade any lower Wednesday. However, the exchange-traded funds that track the Dow Jones Industrial Average, S&P 500 and Nasdaq, which have no such curbs, were more than…
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