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Financial Services

 “V-Shaped” Recovery Not Now: It Gets Worse, 30.55 Million on Unemployment. Week 14 of U.S. Labor Market Collapse

“V-Shaped” Recovery Not Now: It Gets Worse, 30.55 Million on Unemployment. Week 14 of U.S. Labor Market Collapse

By: Wolf Richter
Source: Wolf Street
Date of Publication: June 25th, 2020
Had a setback. Over 11 million gig workers on unemployment insurance. But four states, including Florida, still can’t process federal PUA claims.
S&P 500 closes nominally higher amid COVID-19 spikes, muted data

S&P 500 closes nominally higher amid COVID-19 spikes, muted data

By: Stephen Culp
Source: Reuters
Date of Publication: June 18th, 2020
The S&P 500 closed nominally higher on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns as well as data that suggested the U.S. economy might not bounce back with quick, V-shaped recovery.
Wall Street jumps as May retail sales boost hopes of swift recovery

Wall Street jumps as May retail sales boost hopes of swift recovery

By: Medha Singh, Devik Jain
Source: Reuters
Date of Publication: June 16th, 2020
U.S. stocks advanced on Tuesday after a record surge in May retail sales revived hopes of a swift post-pandemic economic rebound, with sentiment also lifted by data showing reduced COVID-19 death rates in a trial of a generic steroid drug.
JPMorgan to Start Bringing More Traders Back to Office Next Week - Bloomberg

JPMorgan to Start Bringing More Traders Back to Office Next Week

By: Michelle F Davis
Source: Bloomberg
Date of Publication: June 15th, 2020
JPMorgan Chase & Co. plans to start returning more traders to its Manhattan trading floors next week as the biggest U.S. bank begins formally reopening offices with New York exiting total lockdown.
CORRECTED-Mastercard to allow staff to work from home until COVID-19 vaccine hits market - exec_Reuters

CORRECTED-Mastercard to allow staff to work from home until COVID-19 vaccine hits market - exec

By: Noor Zainab Hussain
Source: Reuters
Date of Publication: May 20th, 2020
Mastercard Inc will not ask staff to return to its worldwide corporate offices until a vaccine is available for the sometimes fatal coronavirus that has infected the globe, a senior executive told Reuters on Wednesday.
Wall Street set to drop at open after spike in new virus cases

Wall Street set to drop at open after spike in new virus cases

By: Devik Jain, Medha Singh
Source: Reuters
Date of Publication: June 15th, 2020
Wall Street was set to drop sharply at the open on Monday as a recent jump in coronavirus cases in China and parts of the United States dashed investor hopes of a quick economic rebound that had powered the Nasdaq to record levels last week.
Goldman Sachs employees to start returning to U.S. offices from June 22

Goldman Sachs employees to start returning to U.S. offices from June 22

Source: Reuters
Date of Publication: June 10th, 2020
Goldman Sachs Group Inc (GS.N) said on Wednesday it plans to start the return of an initial group of its employees to its offices in New York, Jersey City, Dallas and Salt Lake City from June 22.
Wall Street giant faces bipartisan fire in running unprecedented Fed bailout

Wall Street giant faces bipartisan fire in running unprecedented Fed bailout

By: VICTORIA GUIDA
Source: Politico
Date of Publication: June 2nd, 2020
BlackRock, a Wall Street titan that manages $7 trillion in assets, is facing growing scrutiny over its role at the center of the Federal Reserve’s massive bailout of U.S. corporations — and it's coming from all sides.
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How One Company Is Taking Care Of Employees During COVID-19_Forbes

How One Company Is Taking Care Of Employees During COVID-19

By: Alan Kohll
Source: Forbes
Date of Publication: April 6th, 2020
Alan Kohll learns how Ally Financial is taking care of their employees during the global pandemic.
Pandemic's impact on supply and demand globally: CFO Survey

Pandemic's impact on supply and demand globally: CFO Survey

By: CNBC
Source: Youtube
Date of Publication: June 1st, 2020
CNBC's Frank Holland breaks down the latest CNBC Global CFO Survey on reopening the economy.