U.S. Consumer Spending Held Up in February Before Virus Hit

U.S. consumer spending held up in February, the latest sign that the world’s largest economy remained on stable footing before measures to contain the spreading pandemic began rippling through consumers and businesses. Personal spending, which accounts for about two-thirds of the economy, rose 0.2% for a second month, according to Commerce Department data released Friday that matched the median estimate […]

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Dow’s shortest bear market shows coronavirus can be curtailed

Coronavirus economic uncertainty hasn’t passed yet, Trump says President Trump says he’s given the stock market optimism and support during the coronavirus outbreak. Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here. Continue Reading Below While the coronavirus remains a global pandemic with fatalities rising and an economic catastrophe with American jobless claims […]

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Europe Stocks Drop With U.S. Futures; Bonds Rise: Markets Wrap

In this article European stocks and U.S. equity futures slipped on Friday as investors caught their breath following the first three-day rally in global shares since mid-February. Treasuries climbed alongside the dollar. The Stoxx Europe 600 Index was led lower by real estate and travel shares after the region’s leaders struggled to agree on a concrete strategy to contain the […]

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Private equity readies for surge in China buyouts on virus, succession woes

HONG KONG, March 27 (Reuters) – Private equity groups are beefing up warchests and hiring investment professionals to tap an expected buyout boom in China following the coronavirus outbreak and as founders in some traditional businesses execute succession plans. The coronavirus pandemic has weighed heavily on the Chinese economy, pulverising its industries such as entertainment, catering and tourism. But new […]

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Coronavirus won't stop DraftKings from going public: CEO Jason Robins

DraftKings slated to go public next month DraftKings founder and CEO Jason Robins says since his company is digital, it’s given him an opportunity to gain leverage in the sports betting industry. Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here. Continue Reading Below Sports betting firm DraftKings plans to proceed with its […]

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U.S. Stock Futures Swing After Three-Day Rally on Stimulus Hopes

In this article U.S. stock futures fluctuated betweens gains and losses after the first three-day rally since February as investors speculated government and central-bank aid will offset the coronavirus’s damage to the economy. Contracts on the S&P 500 were down 0.1% at 2,604.50 as of 7:04 p.m. in New York. The underlying gauge surged almost 18% over Tuesday-Thursday in the […]

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Coronavirus relief may help gold miners strike mother lode

Gold a quintessential hedge against currency erosion: Precious metals investor High Ridge Futures director of metals trading Dave Meger discusses the rise in gold investment amid coronavirus fears. Gold mining shares have been left out of the rally that has lifted the precious metal this year, but that may be about to change. Continue Reading Below The VanEck Vectors Gold […]

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