Wall Street's S&P 500 and Dow Jones indexes fell on Tuesday while the tech-heavy Nasdaq hit a record high for the third straight session as investors eyed this week's Federal Reserve meeting for signs on how it views a restarting economy.
The Block | Yogita Khatri | Jun 2, 2020 Quick Take Fidelity-backed crypto security firm Fireblocks has rolled out its “Secure Asset Transfer Network” The network allows Fireblocks’ clients to quickly find each other and connect to send assets on-chain safely Fireblocks claims to have helped transfer over $30 billion worth of digital assets to
U.S. Federal Reserve policymakers on Wednesday will publish their first economic projections since the coronavirus pandemic set off a recession in February, estimates expected to signal a collapse in output this year and near-zero interest rates for the next few years.
Layoffs in the United States fell in April, but remained the second highest on record, while hiring hit an all-time low, suggesting the labor market could take years to recover from the COVID-19 crisis despite a surprise rebound in employment in May.
Volkswagen CEO Herbert Diess has apologised to the carmaker's supervisory board after accusing some of its members of leaking confidential information to the press.
In a few months, student loan borrowers will have to resume their monthly payments. Yet experts say the battered economy will make doing so a challenge.
The U.S. presidential election is re-emerging as a potential risk to markets after a shift in polls that has seen President Donald Trump lose ground to Democrat Joe Biden.
A recent run of optimism in markets hit the brakes on Tuesday, as investors pulled back from major stock indices and turned their attention to safe-haven assets like gold.
Morgan Stanley Chief Executive Officer vf DEsaid on Tuesday the bank expects to set aside a smaller amount of money for potential loan losses in the current quarter, compared with the first quarter.
The nonprofit Wall Street Bound has partnered with Maverick Trading to provide training and access to financial jobs for underserved communities.
AltFi | Oliver Smith | Jun 8, 2020 A watershed moment, when it eventually arrives. It’s hard to believe that just 12 months ago Plaid surprise-expanded to Europe with the announcement that it had already helped with the launch of Emma, the financial management app. Now the US fintech is celebrating its first year in
Critics suggested the Trump administration tampered with data to reduce the unemployment rate in May. Economists say the allegation is baseless.
Financial Post | Adam Felesky | Jun 5, 2020 Opinion: Open banking infrastructure and data are helping governments around the world better respond to the crisis Times of crisis confront societies with challenges — in the current crisis, increased unemployment, strained public finances and severe social hardship. But they can also generate opportunities for improvement
Oil prices rose on Tuesday, as optimism about recent commitments from major oil producers to curb production offset concerns about a resurgence in coronavirus cases.
The S&P 500 and Dow fell on Tuesday after recent strong gains, while the Nasdaq extended its record run and briefly rose above the 10,000 mark for the first time.