All News Results

  • New York Fed Finds Broad Drop in March Consumer Confidence Amid Crisis

    Almost any way look at it, Americans' outlook on the economy faltered significantly last month as the coronavirus crisis began to take hold in the U.S. The Federal Reserve Bank of New York said Monday in its latest Survey of Consumer Expectations that just about every measure of what the public thinks about the future of the economy, be it job related or financial, tumbled last month, as broad swaths of the economy shut down. The survey was launched in 2013, and in March, it recorded a...

  • Conference Board's Employment Trends Index Plummets in March

    An index measuring employment trends fell in March from the month earlier, as initial claims for unemployment spiked to a historic high, the Conference Board said in a report Monday. The Conference Board Employment Trends Index was 60.39 in March, compared with an upwardly revised February measurement of 109.27. The index is down 45% from a year ago.

  • Stocks Rally, Oil Drops at Start of Challenging Week

    Global stocks rallied Monday as investors cheered early signs that lockdowns in the U.S. and Europe may be helping slow the coronavirus pandemic, even as Americans brace for a difficult week with infections likely to peak. The Dow Jones Industrial Average rose 1,014 points, or 4.8%, to 22067, although the index is still down more than 20% this year. The S&P 500 rose 4.6%, and the Nasdaq Composite gained 4.5%.

  • South Korea Tamps Down Coronavirus, but Economy Remains Paralyzed

    By Andrew Jeong| Photographs by Jean Chung for The Wall Street Journal. SEOUL-- When the coronavirus ripped across South Korea in mid-February, bar owner Seo Ji-won felt somewhat secure. He had some savings, didn't have a family to feed and ran a popular establishment in a busy neighborhood.

  • Stocks Rally, Oil Drops at Start of Challenging Week

    Stocks rallied on Monday as investors cheered early signs that lockdowns in the U.S. and Europe may be helping slow the coronavirus pandemic, even as Americans brace for a difficult week with infections likely to peak. The Dow Jones Industrial Average rose about 900 points, or 4%, The S&P 500 and Nasdaq Composite gained nearly 4%, suggesting that stocks may have a strong first day of the week. Earlier, the pan-continental Stoxx Europe 600 index gained 2.9%, while most major Asian...

  • JPMorgan CEO Writes in Shareholder Letter: Expecting 'a Bad Recession'

    JPMorgan Chase& Co. Chief Executive James Dimon said his bank hasn't sought looser regulations to help it handle the economic collapse caused by the coronavirus pandemic, detailing instead its ability to keep lending in even more dire circumstances. In his annual letter published Monday, Mr. Dimon said the work preparing JPMorgan (JPM) to be a "port in the storm"-- a long obsession of his-- means the bank can handle what he expects to be a "bad recession."

  • Swedish Unemployment Rising at Faster Rate Than During Financial Crisis

    STOCKHOLM--Data from the Swedish Public Employment Service Monday show that 25,350 people registered as unemployed last week, over 8,500 more than the previous week. "The number of newly enrolled last week is slightly higher than any individual week during the financial crisis in 2008, which says a lot about the serious situation," said Annika Sunden, head of analysis at the employment service. The employment service said it expects unemployment to continue to rise as a result...

  • New UK Car Registrations Suffer Biggest March Fall Since Late '90s

    The number of new cars registered in the U.K. suffered its biggest March fall since the late' 90 s as showrooms closed due to the spreading coronavirus pandemic and government restrictions, an industry body said Monday. The Society of Motor Manufacturers and Traders has cut its forecasts for the year by 23% to 1.73 million car sales because of the continued uncertainty. This compares with 2.31 million car registrations in 2019 and a previous forecast of 2.25 million provided in...

  • Credit Markets Show Signs of Stabilizing After Historic Fed Intervention

    Key parts of the U.S. debt markets are functioning again, a sign the Federal Reserve's extraordinary steps are easing a credit market crunch. Investors say the Fed has reduced disruptions in the $17 trillion U.S. Treasurys market that had sent shock waves through the financial system.

  • Stocks Rally, Oil Drops at Start to Challenging Week

    Global stocks rose on Monday as investors cheered early signs that lockdowns in the U.S. and Europe may be helping slow the coronavirus pandemic, even as Americans brace for a difficult week with infections likely to peak. Futures tied to the Dow Jones Industrial Average rose 3.7%, suggesting that blue-chip stocks may open higher in New York. The pan-continental Stoxx Europe 600 index gained 2.5%.

Search News

Filter Results

Publication Date
Topic
Provider

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.