This CEO has some thoughts about the titans of the industry, including why they shouldn't manage the Fed's bond-buying program. In the world of exchange-traded funds, the big keep getting bigger, not just drawing more of the investing pie but also making a mark on how the industry defines itself. Meanwhile, several funds with exposure to commodities have spent the past several weeks blowing up.
Brazil's national debt as a share of overall gross domestic product rose to a record 79.7% in April, the central bank said on Friday, up from 78.4% the month before as public finances deteriorated rapidly due to the coronavirus pandemic.
Some 15 million Americans are in' financial hardship' programs that allow them to defer or temporarily skip credit- card payments as of April. The financial effects of the coronavirus pandemic may get a lot worse 120 days after the national emergency is officially over. The $2.2 trillion coronavirus stimulus package, known as the CARES Act, recognizes the financial difficulties many Americans are facing, requiring lenders who enter into an agreement with borrowers to delay...
WASHINGTON-- The House approved a bipartisan bill that would loosen requirements on hundreds of billions of dollars in small-business loans, responding to concerns from employers struggling to stay open during the coronavirus pandemic. The House bill reduces the level of Paycheck Protection Program funds that must be used for payroll to 60% from 75%. The bill also gives borrowers up to 24 weeks to use the funds, up from the eight set in the initial bill passed in March, and extends...
* U.S. FED'S TOTAL BALANCE SHEET SIZE RISES TO $7.15 TRLN ON MAY 27 VERSUS $7.09 TRLN A WEEK EARLIER - FED DATA. * U.S. FED'S TREASURY HOLDINGS RISE TO $4.11 TRLN ON MAY 27 VERSUS $4.09 TRLN WEEK BEFORE, MBS HOLDINGS FALL TO $1.84 TRLN FROM $1.86 TRLN. * U.S. FED DISCOUNT WINDOW LOAN BALANCE FALLS TO $18.2 BILLION ON MAY 27 VERSUS $19.54 BILLION A WEEK EARLIER.
Freddie Mac (FMCC) today announced the launch of a new website providing key resources for lenders and investors as the company transitions from the London Interbank Offered Rate. The company released the following statement, which is attributed to Mike Hutchins, Freddie Mac Executive Vice President and Head of Investments and Capital Markets.
WASHINGTON-- The House approved a bipartisan bill that would loosen requirements on hundreds of billions of dollars in small-business loans, responding to concerns from employers struggling to stay open during the coronavirus pandemic. The House bill reduces the level of Paycheck Protection Program funds that must be used for payroll to 60% from 75%. The bill also gives borrowers up to 24 weeks to use the funds, up from the eight set in the initial bill passed in March, and extends...
American corporate profits drop 13.9% in first three months of 2020, Q2 expected to be worse. The numbers: U.S. corporate profits fell 13.9% in the first quarter, the Commerce Department said Thursday. That is the largest decline since the fourth quarter of 2008 during the Great Recession.
Critical information for the U.S. trading day. We've got a meaty call of the day from Pershing Square Capital Management hedge-fund manager Bill Ackman, who told investors on a call on Wednesday that he is dumping shares in Warren Buffett's Berkshire Hathaway. While Buffett is always the main attraction in a room, Ackman said they "still like what we own," and offers up plenty of ideas for investors who have "differentiated between companies that are survivors that in some cases will...
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