Not all solutions are built the same, so it is important to filter out the commercial noise and pick the one that fits your needs best. Learn how to identify your fleet needs, the right questions to ask before purchasing and how to avoid dated technology and hidden fees. ...
EUR/USD Current Price: 1.0928 * Fed Chief Powell announced additional easing, confident economy would rebound. * The coronavirus crisis continues to develop, with no economic comeback at sight. * EUR/USD at its highest in a week, but it's all about the greenback.The American dollar tumbled this Thursday, as investors rushed into high-yielding equities. The EUR/USD pair finally woke up and advanced to 1.0951, its highest in a week, after the US Federal Reserve announced it had taken additional easing measures through a plan to provide $2.3 trillion in loans to support the economy. Chief Powell spoke afterwards, and his comments were read as hawkish. Following Initial Jobless Claims soaring to 6606K in the week ended March 3, Powell said that the speed towards very high unemployment is "alarming," although he added it will be temporary. He then added that the economic rebound after the ongoing coronavirus crisis "can be robust."Another negative...
Apr.09 -- Legendary short-seller Jim Chanos, Kynikos Associates founder, discusses the state of private markets amid the coronavirus pandemic, why he is still bearish on Tesla Inc. and the sectors he is shorting with Bloomberg's Scarlet Fu and Joe Weisenthal on "Bloomberg Markets: What'd You Miss?"...
(Bloomberg) -- Three years ago, America’s largest pension fund made an unusual investment. It bought so-called tail-risk protection, a kind of insurance against financial catastrophe. In a market meltdown like the one sparked by the coronavirus, the strategy promised a massive payout -- more than $1 billion.If only the California Public Employees Retirement System had stuck with the plan. Instead, Calpers, as the fund is known, removed one of its two hedges against a bear market just weeks before the viral outbreak sent stocks reeling, according to people familiar with its decision.The timing couldn’t have been worse. The fund had incurred hundreds of millions of dollars in premium-like costs for those investments. Then it missed out on a bonanza when disaster finally struck.Softening the blow, Calpers held on to the second hedge long enough to make several hundred million dollars, one of the people said.Ben Meng, chief investment officer of Calpers,...
(Bloomberg) -- Credit risk eased dramatically now that the Federal Reserve’s unprecedented effort to save corporate debt just got even bigger, adding a backstop to what could be hundreds of billions of dollars worth of bonds that are expected to fall to junk.The central bank will expand its bond-buying program to include debt that was investment-grade rated as of March 22 but was later downgraded to no lower than BB-, or three levels into high yield, according to a statement Thursday. It’ll also buy exchange-traded funds that track speculative-grade debt, which surged the most in a decade following the announcement. All together, the programs will support as much as $850 billion in credit.These latest steps provide a huge lifeline to companies like Ford Motor Co. that will now have the support from one of the biggest sources of demand in the world. Its bonds posted the biggest gains in the high-yield...
Steven Galanis, Cameo CEO, joined Yahoo Finance's Akiko Fujita, Andy Serwer, and Myles Udland to discuss the surge is bookings and celebrity talent joining the platform as more and more people stay home due to the COVID-19 crisis. ...
