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April 5, 2020

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Trump says will ask Congress for more small business funds if money runs out

Reuters
by Reuters06
U.S. President Donald Trump addresses the daily coronavirus task force briefing at the White House in Washington, U.S., April 3, 2020. REUTERS/Tom Brenner WASHINGTON (Reuters) – U.S. President Donald Trump said on Saturday he would ask Congress for more money to make loans to small businesses struggling with the economic......
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Reuters - Business

U.S. SEC official urges delay in public comment on agency rule changes

Reuters
by Reuters01
FILE PHOTO: Commissioner Allison Lee participates in a U.S Securities and Exchange Commission open meeting to propose changing its decades-old definition of an “accredited investor” in order to allow more Americans to buy shares in private companies, in Washington, U.S., December 18, 2019. REUTERS/Erin Scott/File Photo WASHINGTON (Reuters) – The......
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JPMorgan reaches agreement to increase stake in China mutual fund venture to 100%

Reuters
by Reuters02
FILE PHOTO: A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in Manhattan, New York, U.S., November 13, 2017. REUTERS/Amr Alfiky BEIJING (Reuters) – JPMorgan (JPM.N) said on Friday it has reached agreement with its Chinese partner to increase its stake in its Chinese......
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Airbnb lowers internal valuation to $26 billion as coronavirus hits bookings: FT

Reuters
by Reuters03
FILE PHOTO: Airbnb logo is seen in front of diplayed coronavirus disease (COVID-19) in this illustration taken March 19, 2020. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Airbnb lowered its internal valuation by 16% to $26 billion, as the home rental firm deals with a sharp drop in bookings due to the......
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Reuters - Business

WeWork troubles deepen as SoftBank pulls $3 billion tender offer

Reuters
by Reuters04
(Reuters) – SoftBank Group Corp (9984.T) said it has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders, drawing threats of legal action and plunging the floundering office space company further into crisis. FILE PHOTO: A WeWork logo is seen at a WeWork office......
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Reuters - Business

SoftBank terminates $3 billion WeWork tender offer

Reuters
by Reuters06
FILE PHOTO: The logo of SoftBank Group Corp is displayed at the SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato (Reuters) – SoftBank Group Corp (9984.T) said it has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders, including ousted......
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Reuters - Business

U.S. pension funds may pour $400 billion into stocks, lifting virus-hit markets: JP Morgan

Reuters
by Reuters02
NEW YORK (Reuters) – U.S. pension funds that delayed rebalancing their portfolios are likely to pump about $400 billion into stocks over the next two quarters, analysts at JP Morgan said, providing a potential boost to equity markets battered by the coronavirus pandemic. FILE PHOTO: A man wears a protective......
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Reuters - Business

Global M&A dwindles as coronavirus batters world’s economies

Reuters
by Reuters05
LONDON/NEW YORK (Reuters) – Global mergers and acquisitions activity plunged 28% in the first quarter to its lowest level since 2016 as the devastating economic effects of the coronavirus pandemic took hold in March, compounding a slow start to the year for dealmakers. FILE PHOTO: Test tube with fake blood......
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Reuters - Business

JPMorgan plans to raise up to $10 billion for alternative investments: source

Reuters
by Reuters04
FILE PHOTO: A woman passes by a JPMorgan Chase bank in Times Square in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – JPMorgan Chase & Co’s (JPM.N) alternative investments unit is looking to raise up to $10 billion to boost its spending power in the face......
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Reuters - Business

U.S. stimulus package is biggest ever, but may not be big enough

Reuters
by Reuters05
BOSTON/WASHINGTON (Reuters) – The Federal Reserve has offered more than $3 trillion in loans and asset purchases in recent weeks to stop the U.S. financial system from seizing up, but it has not yet directly helped large swaths of the real economy: companies, municipalities and other borrowers with less than......
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Reuters - Business

Coronavirus worries and strife: Investors fear markets not out of woods despite big rally

Reuters
by Reuters03
NEW YORK (Reuters) – After a brutal meltdown, some investors have been wading back into U.S. stocks. But others are wary of another leg down as the coronavirus spreads and its economic impact is difficult to predict. High-profile investors from BlackRock Inc (BLK.N) to billionaire William Ackman have turned more......
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Reuters - Business

Worry, problems and strife: Investors fear markets not out of woods despite big rally

Reuters
by Reuters07
NEW YORK (Reuters) – After a brutal meltdown, some investors have been wading back into U.S. stocks. But others are wary of another leg down as the coronavirus spreads and its economic impact is difficult to predict. FILE PHOTO: The Wall St. Bull is seen standing on a nearly empty......
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Reuters - Business

Ackman says Pershing Square no longer has hedges on stocks

Reuters
by Reuters03
FILE PHOTO: Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian (Reuters) – William Ackman’s Pershing Square Capital Management no longer has hedges on its stock portfolio, but still has some......
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Reuters - Business

Wall Street Week Ahead: Fund rebalancing could help buoy stock rebound

Reuters
by Reuters04
NEW YORK (Reuters) – Money managers rebalancing their portfolios to boost equity exposure into the end of the quarter may support the nascent stock rally that has followed the steep coronavirus-fueled market drop. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) near the close......
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Reuters - Business

Fed sets fee structure for BlackRock’s role in mortgage bond purchases

Reuters
by Reuters03
FILE PHOTO: People walk wearing masks outside The Federal Reserve Bank of New York in New York City, U.S., March 18, 2020. REUTERS/Lucas Jackson NEW YORK (Reuters) – BlackRock Inc will earn less than $8 million a year in fees for its role assisting the Federal Reserve with its purchases......
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Reuters - Business

From quills to qwerty: Lloyd’s underwriters adapt to home working

Reuters
by Reuters05
LONDON (Reuters) – Thousands of London’s underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but they won’t need them. FILE PHOTO: A man walks out of Lloyds of London’s headquarters in the City of London, Britain, July 31, 2018. REUTERS/Simon Dawson/File......
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Reuters - Business

‘Maximum bearish’: funds in record rush to cash in past week

Reuters
by Reuters012
LONDON (Reuters) – Investors rushed into cash and out of bonds at a record pace over the past week as the coronavirus pandemic caused mayhem in markets, BofA said on Friday, though it noted a key positioning signal at “maximum bearish” could signal a big rally ahead. FILE PHOTO: A......
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Reuters - Business

Mini-bull, tired bear, or something in-between

Reuters
by Reuters08
Investors could be forgiven for doing a double-take: Wait, we’re back in a bull market? Source – For more click here To Return to the Main Aggregate News Page – click here Break’n Pics – Click here for Free Stock Photos...
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Reuters - Business

Big banks reassure staff about potential job cuts

Reuters
by Reuters016
(Reuters) – Big banks are postponing decisions about staff cuts as the coronavirus hits their businesses hard, with executives saying they are unsure how long the outbreak will hurt the economy and worried about being unprepared if business suddenly snaps back. FILE PHOTO: A sign is displayed on the Morgan......
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Reuters - Business

SoftBank Group’s share rally ends after Moody’s downgrade

Reuters
by Reuters09
FILE PHOTO: The logo of SoftBank Group Corp is displayed at the SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – SoftBank Group Corp’s (9984.T) shares fell 8% in early trade on Thursday, ending a 55% rally in the stock, after Moody’s downgraded......
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