Amazon Shuts Wareouse After Three Workers Test Positive for Covid-19

Amazon Shuts Wareouse After Three Workers Test Positive for Covid-19

Amazon.com Inc. has extended the shuttering of a warehouse dedicated to returning apparel after three workers tested positive for Covid-19, the first known instance of the online retailer indefinintely idling a U.S facility in response to the pand...
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OPEC+ Reach Deal to Cut Output Amid Market Slump

OPEC+ Reach Deal to Cut Output Amid Market Slump

Saudi Arabia and Russia reached an outline for a new output cut deal at the virtual OPEC+ meeting.
Fed's Powell: Not Appropriate to Halt Bank Dividends 'At This Time'

Fed's Powell: Not Appropriate to Halt Bank Dividends 'At This Time'

Federal Reserve Chairman Jerome Powell says U.S. banks are "highly capitalized" and there is no reason to halt dividends. Powell spoke Thursday in a virtual presentation.
Powell Sees Every Reason to Think U.S. Can Recover 'Fairly Quickly'

Powell Sees Every Reason to Think U.S. Can Recover 'Fairly Quickly'

Federal Reserve Chairman Jerome Powell explains why he believes the U.S. economy can quickly recover from the effects of coronavirus pandemic. Powell spoke Thursday in a virtual presentation.
IMF Says It Has `Constructive Engagement' With Turkey

IMF Says It Has `Constructive Engagement' With Turkey

The International Monetary Fund has a "constructive engagement" with all its members, "including Turkey," Managing Director Kristalina Georgieva said in an interview on "Bloomberg The Open.
Powell Says Fed to Act 'Forcefully' to Support U.S. Recovery

Powell Says Fed to Act 'Forcefully' to Support U.S. Recovery

Federal Reserve Chairman Jerome Powell said the central bank is committed to acting "forcefully" to help the U.S. economy recover from the coronavirus pandemic. Powell spoke Thursday in a virtual presentation.
IMF Needs More Money If Virus Sees New Wave: Georgieva

IMF Needs More Money If Virus Sees New Wave: Georgieva

The International Monetary Fund will need to boost its resources if the coronavirus pandemic develops into a second wave of infections, Managing Director Kristalina Georgieva says.
Fed Takes Sweeping New Steps to Provide Up to $2.3 Trillion in Loans

Fed Takes Sweeping New Steps to Provide Up to $2.3 Trillion in Loans

The Federal Reserve announced another series of sweeping steps to provide as much as $2.3 trillion in additional aid during the coronavirus pandemic, including starting programs to aid small and mid-sized businesses as well as state and local gove...
IMF Sees Global Economy in Worst Recession Since Great Depression

IMF Sees Global Economy in Worst Recession Since Great Depression

The International Monetary Fund expects the global economy to experience "the worst economic fallout since the Great Depression" due to the coronavirus pandemic. IMF Managing Director Kristalina Georgieva explains in a speech outlining the fund's...
Knighthead's Wagner on PG&E Restructuring, Credit Markets Amid Virus

Knighthead's Wagner on PG&E Restructuring, Credit Markets Amid Virus

Knighthead Capital Management co-founder Thomas Wagner discusses the state of PG&E Corp.
PG&E Bankruptcy Exit 'on Track' Despite Virus, Knighthead's Wagner Says

PG&E Bankruptcy Exit 'on Track' Despite Virus, Knighthead's Wagner Says

Knighthead Capital Management co-founder Thomas Wagner says it is unlikely that the coronavirus pandemic will affect PG&E Corp.'s exit from bankruptcy.
Not Much Upside in Oil Prices Even With an Output Cut, Analyst Sen Says

Not Much Upside in Oil Prices Even With an Output Cut, Analyst Sen Says

An OPEC+ deal to cut oil production won't do much to lift prices, Amrita Sen, chief oil analyst at Energy Aspects, says during an interview with Bloomberg's Alix Steel on "Bloomberg Daybreak: Americas."
Delays in Protecting Health Workers Took Too Long: Johns Hopkins' Farley

Delays in Protecting Health Workers Took Too Long: Johns Hopkins' Farley

Johns Hopkins University Professor of Nursing Jason Farley discusses the shortfalls in supplies and protections for health care workers on the frontline of the coronavirus pandemic and patterns observed on how the virus has attacked some patients....
OPEC Can't Control the Oil Market by Themselves, Citi's Morse Says

OPEC Can't Control the Oil Market by Themselves, Citi's Morse Says

Edward Morse, global head of commodities at Citi Research, examines the state of the oil market and the level of production cuts that will be needed by global producers.
Citi's Morse Says Gold Continues to Be a Buy

Citi's Morse Says Gold Continues to Be a Buy

Edward Morse, global head of commodities at Citi Research, explains the factors that will push the price of gold higher.
Deflation to Reign Over Inflation for Here and Now: Economist Rosenberg

Deflation to Reign Over Inflation for Here and Now: Economist Rosenberg

"I don't think there's any inflation coming for the foreseeable future," says David Rosenberg, chief economist and strategist at Rosenberg Research.
Deutsche Bank Has Bias to Sell U.S. Dollar Over Coming Months

Deutsche Bank Has Bias to Sell U.S. Dollar Over Coming Months

The U.S. dollar will be weaker by the end of the year, says George Saravelos, global head of FX research at Deutsche Bank, but corporates are hoarding dollars near-term during the coronavirus crisis.
UBS CEO Ermotti on First-Quarter Profit, Coronavirus Impact

UBS CEO Ermotti on First-Quarter Profit, Coronavirus Impact

UBS Group AG delayed its dividend even as the Swiss lender reported a surprise jump in first-quarter profit that suggests banks so far are benefiting from volatility in the wake of the coronavirus pandemic.
UBS CEO Says It's Too Early to Predict 2020 Dividend

UBS CEO Says It's Too Early to Predict 2020 Dividend

UBS Group AG Chief Executive Officer Sergio Ermotti discusses the decision to split the bank's 2019 dividend into two installments, following pressure from financial markets regulator Finma.
Work From Home Has Nearly Doubled Our Load on Infrastructure: BT Consumer CEO

Work From Home Has Nearly Doubled Our Load on Infrastructure: BT Consumer CEO

Marc Allera, chief executive officer at BT Consumer, discusses the demand he's seeing for the company's services, the launch of 5G and paying dividends.
Oil Prices Will Find It Tough to Find a Floor: Jefferies

Oil Prices Will Find It Tough to Find a Floor: Jefferies

"We have a $35-per-barrel forecast for the second quarter, but I'd say the risk is to the downside, says Jason Gammel, energy analyst at Jefferies, in an interview on "Bloomberg Surveillance."
UBS, Credit Suisse to Delay Half of Dividend Payment

UBS, Credit Suisse to Delay Half of Dividend Payment

Both Credit Suisse and UBS have proposed delaying half of their 2019 dividend payments to later in the year. This follows mounting pressure from the Swiss financial regulator on the nation's banks to reconsider their dividend distribution plans.
Euro Likely to Rally Modestly, Says UBP's Kinsella

Euro Likely to Rally Modestly, Says UBP's Kinsella

Peter Kinsella, global head of FX strategy at Union Bancaire Privee, discusses the dollar, the euro, the Swiss franc and the Japanese yen.
Trump Says He Used to Hate OPEC. Now He's Had a Change of Heart

Trump Says He Used to Hate OPEC. Now He's Had a Change of Heart

President Donald Trump spoke at a news conference on Wednesday about how he has had a change of heart about OPEC. "Obviously for many years I used to think OPEC was very unfair," Trump told reporters in Washington on the eve of an emergency meetin...