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Bored bank customers flock to day-trading platforms during pandemic

Bored bank customers flock to day-trading platforms during pandemic

By: Imani Moise, Elizabeth Dilts Marshall
Source: Reuters
Date of Publication: July 17th, 2020
Retail investing is having a moment. Major U.S. brokerages that reported quarterly results this week cheered the self-directed day trading happening on their platforms as individuals with a bit of extra money and time on their hands during the coronavirus pandemic have been engaging more in markets.
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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Viacom pulls 2020 outlook, warns COVID-19 could have 'material' impact on business

Viacom pulls 2020 outlook, warns COVID-19 could have 'material' impact on business

By: Emily Bary
Source: Market Watch
Date of Publication: March 27th, 2020
ViacomCBS Inc. VIAC, +1.84% withdrew its 2020 financial forecast Friday while providing some updates on the business amid the COVID-19 pandemic.
S&P Global Chief Economist on Job Losses due to Coronavirus

S&P Global Chief Economist on Job Losses due to Coronavirus

Source: Yahoo Finance
Date of Publication: April 3rd, 2020
U.S. Chief Economist at S&P Global Beth Ann Bovino joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss what the latest jobs report reveals about the state of the economy.
Yahoo Finance SP Global CEO.JPG

S&P Global CEO Speaks to Yahoo Finance

Source: Yahoo Finance
Date of Publication: May 19th, 2020
COVID-19- related corporate bankruptcies and debt defaults in the U.S. are on the rise. And it’s likely to get much uglier in the months ahead, despite efforts by lawmakers to shore up corporate balance sheets. “So far this year, we’re almost running at a rate of double the defaults of last year,” said S&P Global CEO Douglas Peterson on Yahoo Finance’s The First Trade. “We think that there is going to be an increase in default levels up to potentially 10% of the high yield debt [markets].” In April, the rate was 3.9%.
Barclays CEO Statement Article

Barclays CEO says 'putting 7,000 people in a building may be thing of the past'

By: Lawrence White
Source: Reuters
Date of Publication: April 29th, 2020
The coronavirus pandemic could permanently change how many bankers make the daily trudge into tightly packed city centre offices, Barclays CEO Jes Staley said on Wednesday.
Gap stops paying rents, warns it might not have enough cash

Gap stops paying rents, warns it might not have enough cash for operations

By: Lauren Thomas
Source: CNBC
Date of Publication: April 23rd, 2020
Gap said it must take further action to find liquidity over the next 12 months, such as additional job cuts and new debt financing. The company said it did not pay rent on its shuttered stores in April, which amounts to roughly $115 million in monthly expenses in North America.