"I lived through last crisis on the Goldman Sachs trading floor and know that so much of a successful business is the founder's character."
Wall Street is keeping an eye on "work-from-home" stocks, a new category that emerged from the COVID-19 crisis.
As global travel slows due to the new coronavirus, Airbnb has been hit hard, but the company was reportedly losing money even before the pandemic.
Lee Ainslie, the billionaire founder of Maverick, told investors last month he wanted to take advantage of the volatility. His fund fell 11.7% in March.
Balyasny's Atlas Enhanced fund finished March up 3.6% for the month and 4.75% for the year, an investor letter states.
"There is worse to come, hard though that may be to imagine," said a group of analysts from TS Lombard.
Tony DeSpirito reveals how he's investing in a world that's changed dramatically, emphasizing quality and balance sheet strength.
"My hope is that we get back to business as usual as quickly as possible," said former Federal Reserve Chair Janet Yellen.
Big profits might be hard to find today, but Goldman Sachs says these underappreciated companies will out-earn the competition.
Issuing state and local aid before possible budget deficits can help avoid "a huge drag on the economy," an Economic Policy Institute director said.
Goldman expects a bigger collapse in corporate profits than the rest of Wall Street is forecasting due to the coronavirus pandemic.
Germany's confirmed coronavirus infections rose by 5,936 in the past 24 hours to 91,714 on Sunday, the third straight drop in the daily rate of new cases, according to data from the government's Robert Koch Institute.
Mortgage rates slide, as risk aversion and a slide in applications weigh. A 3rd weekly decline could be on the cards as COVID-19 hits the labor market.
2020 got off to a decent start in January and February, but shutdowns in the second half of March had an immediate negative impact.
On airplanes, it's hard enough to keep from bumping knees with the person in the next seat — let alone follow social-distancing guidelines.
Small businesses accounted for the private-sector job cuts, shedding 90,000 payrolls through the month ended March 12, according to ADP.
"The coronavirus pandemic and shocks in global energy markets have impacted all manufacturing sectors," said Timothy Fiore, the chair of ISM.
Wells Fargo has the capacity to lend an additional $384 billion to consumers and businesses, but it can't due to the asset cap imposed by the Fed.
The Australian company that operates traffic enforcement for 90 US cities warned this week its business will be hurt by the driving slowdown.
Funds for the Paycheck Protection Program and Economic Injury Disaster Loans could begin paying out this week to help employers maintain payroll.
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