Business

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 cash to invest if equities
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NEW YORK (Reuters) – U.S stocks seesawed on Wednesday, digesting the previous session’s huge rebound, with investors torn as optimism about an imminent $2 trillion coronavirus package was offset by concerned about the lasting economic impact from the pandemic. [.N] The S&P 500 .SPX was up 1.17% and yields on U.S. treasury securities US10YT=RR US2YT=RR
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LONDON (Reuters) – British industry expects the government to give the go-ahead to an emergency ventilator production plan on Wednesday that will see a number of firms join forces to tackle the coronavirus outbreak, three sources told Reuters. FILE PHOTO: The logo of Airbus is pictured at their facility in Montoir-de-Bretagne near Saint-Nazaire, France July
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LONDON/MADRID/LOS ANGELES (Reuters) – Freight carriers are struggling to deliver goods by land, sea or air as the coronavirus pandemic forces Western governments to impose lockdowns, threatening supplies of vital products including medicines into the most affected areas, such as Italy. FILE PHOTO: A truck driver waits for his temperature check by Polish officials, during
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FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo NEW YORK (Reuters) – U.S. corporate credit spreads narrowed on Monday, indicating positive investor sentiment, following the Federal Reserve’s announcement that it would backstop an unprecedented range of credit. The bid spread on the Markit
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WASHINGTON (Reuters) – In normal times massive unemployment and a collapse in economic output would be tragic. FILE PHOTO: James Bullard, President of the Federal Reserve Bank of St. Louis, leaves the three-day “Challenges for Monetary Policy” conference in Jackson Hole, Wyoming, U.S., August 23, 2019. REUTERS/Jonathan Crosby/File Photo This time, as the coronavirus cloisters
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WASHINGTON/CHICAGO (Reuters) – A last-ditch effort by the chief executives of major U.S. airlines to try to win cash grants to weather the coronavirus crisis looked to be unsuccessful, four congressional aides and airline officials said late Saturday. FILE PHOTO: Planes are seen parked at gates at San Francisco International Airport, as coronavirus disease (COVID-19)
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