Category: Finance
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Oil crisis deepens in Libya as losses exceed $3 billion
The war-torn country controls the biggest oil reserves in Africa and typically pumps 1.2 billion barrels a day. But its regular oil production ground to a halt in January when tribes loyal to eastern-based forces seized large export terminals and
Read MoreTrump signs bill to help telecoms replace Huawei equipment
The U.S. government considers the Chinese companies a security risk and has pushed its allies not to use Huawei equipment in next-generation cellular networks, known as 5G.
Read MoreLife upended for Americans as U.S. scrambles to contain coronavirus threat
From Disneyland to the U.S. Supreme Court, from Wall Street to Dodgers Stadium, nearly every facet of American life fell into turmoil on Thursday as the coronavirus outbreak caused sweeping closures and economic disruption.
Read MoreS&P 500 in Bear Market
The World Health Organization declared a global epidemic. Tom Hanks tested positive for the coronavirus and the N.B.A. canceled its season over an infection concern.
Read MoreTroubles Percolate in the Plumbing of Wall Street
Even Treasury bonds were hard to trade Wednesday, and funding markets have shown hints of strain. Investors are looking to the Fed.
Read MoreTrump’s Payroll Tax Cut Would Dwarf the 2008 Bank Bailout – The New York Times
Trump’s Payroll Tax Cut Would Dwarf the 2008 Bank Bailout The New York Times Trump Likely to Reveal Sick Leave, Tax Extension Plan for Virus Bloomberg Trump’s $800 billion payroll tax cut plan would dwarf Obama’s stimulus package from the height of
Read MoreWall Street plunges, bringing record bull run to an end
Crashing U.S. stocks on Thursday confirmed Wall Street is in a bear market after new travel restrictions to curb the coronavirus spread spooked investors and rattled world markets.
Read MoreOn balance, the cloud has been a huge boon to startups
Today’s startups have a distinct advantage when it comes to launching a company because of the public cloud. You don’t have to build infrastructure or worry about what happens when you scale too quickly. The cloud vendors take care of
Read MorePeter Kraus dishes on the market
During my recent conversation with Peter Kraus, which was supposed to be focused on Aperture and its launch of the Aperture New World Opportunities Fund, I couldn’t help veering off into tangents about the market in general. Below is Kraus’
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