IMF Says COVID-19 ‘War’ Recovery Will Be Faster If Policies Help Workers Keep Jobs, Companies Avoid Bankruptcy

The recovery from COVID-19 will happen sooner if policies enacted during the crisis ensure workers don’t lose their jobs or homes and allow companies avoid bankruptcy, the International Monetary Fund said, likening the pandemic to a war. Economic policies at a time when the fall of output is an “unavoidable consequence” of limiting the disease’s […]

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US Stocks Struggle as Second Quarter Starts With Trump Warning of ‘Painful’ Turn in Fight Against COVID-19

US stocks slumped Wednesday, struggling at the start of the second quarter of 2019 with investors spooked by a grim warning that US deaths from COVID-19 are set to substantially climb.The Dow Jones Industrial Average saw just two of its 30 stocks rise intraday, while all 11 sectors tracked by the Standard & Poor’s 500 […]

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Tesla’s (TSLA) price target was raised to $550 at Wedbush Securities, which foresees the electric vehicle maker issuing strong delivery guidance underpinned by its business in China. The previous price target was $370 per share, and Wedbush maintained a neutral rating on the stock in its note Wednesday. The price-target hike appeared to help Tesla […]

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Gold touched a seven-year high and oil prices extended gains after tension between the US and Tehran escalated following the killing of a top Iranian military leader on Friday.Gold futures (GC1:COM) soared by $25.10 per ounce to $1,577, according to data compiled by Bloomberg. West Texas Intermediate futures (CL1:COM) also jumped by 1.6% to $64.04 […]

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Dividend net increases in the fourth quarter rose more than 44% from the year before to $10.6 billion, S&P Dow Jones Indices said Tuesday.The firm said the net increases for domestic common stocks were up from the $7.4 billion in the prior-year period. Aggregate increases were $11.97 billion in the fourth quarter, 1% higher than […]

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