The latest Business News: breaking personal finance, company, financial and economic news, plus insight and analysis into UK and global markets.

What Morgan Stanley’s E*Trade Deal Means Bigger Banks

LISTEN TO ARTICLE SHARE THIS ARTICLE Morgan Stanley and E*Trade Financial Corp. were Wall Street opposites: One an investment banking firm with a historic pedigree that catered to corporations and the wealthy, the other a discount brokerage that had pioneered cheap online trading. Now they’re merging, for reasons that say a lot about how the U.S. financial landscape is being […]

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In next downturn, Fed may opt for quick, strong action

NEW YORK/SAN FRANCISCO (Reuters) – In the next economic downturn, the Federal Reserve and other central banks may need to roll out their big guns sooner and use them more aggressively, or risk getting mired in growth-sapping deflation or worse. That was the argument laid out Friday by a group of veteran monetary policy analysts and Federal Reserve Governor Lael […]

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In next downturn, Fed may opt for quick, strong action

NEW YORK/SAN FRANCISCO (Reuters) – In the next economic downturn, the Federal Reserve and other central banks may need to roll out their big guns sooner and use them more aggressively, or risk getting mired in growth-sapping deflation or worse. That was the argument laid out Friday by a group of veteran monetary policy analysts and Federal Reserve Governor Lael […]

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Asian Shares Mixed; Chinese Markets Rally Amid Policy Support

Asian stocks ended mixed on Monday as coronavirus worries persisted and Chinese policymakers ramped up support for the economy and companies that have been hit by a slump in sales and activity. Chinese stocks rose sharply amid expectations the government will unveil more fiscal stimulus measures to offset the impact of the coronavirus outbreak. The benchmark Shanghai Composite index rallied […]

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Deere's shares hit all-time high on unexpected rise in quarterly profit

CHICAGO (Reuters) – Deere & Co’s (DE.N) shares hit an all-time high on Friday after the company reported an unexpected increase in first-quarter profit, but the world’s largest farm equipment maker warned the outbreak of coronavirus would hit sales and earnings in the second quarter. Shares surged 9.7% to their highest-ever level of $181.99 in morning trade after Deere said […]

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Even the Mighty Coca-Cola Faces Coronavirus Risks

Sometimes defensive stocks can see troubles just like other companies due to bad news headlines. While the news is not hurting the shares, Coca-Cola Co. (NYSE: KO) has outlined some exposure it has to the Covid-19 novel coronavirus. China cannot be ignored as an important part of the beverage giant’s business as China is its third-largest market in the world […]

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Weinstein Lawyer Confronts Allred, Escalating Trial Tension

Nerves seemed to be fraying at Harvey Weinstein’s sexual assault trial Friday as the jury began its fourth day of deliberations. Minutes before the panel returned to the courtroom in lower Manhattan to review testimony, there was a confrontation between the movie producer’s lead lawyer, Donna Rotunno, and Gloria Allred, who represents at least three Weinstein accusers. Rotunno then complained […]

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Nerves creep in to crypto markets as weekend looms

Almost every cryptocurrency felt the shockwave with huge tumbles across the board in a near repeat of last weekend’s collapse which almost saw a bitcoin worth $10,500 as it reached a 2020 peak on Friday night before dumping to $9,600 by Sunday afternoon. The wild movement has led some observers to believe it is the fear of volatile weekend trading which […]

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Stocks slide as coronavirus fears spur safe-haven buying

NEW YORK (Reuters) – Global equity markets slumped on Friday as the fast-spreading coronavirus drove investors into safe-havens, with gold hitting a fresh seven-year high and the yield on the 30-year U.S. Treasury sliding to an all-time low. The deadly virus spread to hundreds of people in Chinese prisons, contributing to a jump in reported cases beyond the epicenter in […]

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