Hedge Fund Alden Global Forces Layoffs of ‘Essential Workers’ Mid-Pandemic
The hedge fund that’s acquired almost 100 local papers hit its California papers with another round of layoffs, cutting jobs the state deems essential
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Big Brokerage Firms Offer Advisors COVID-19 Investment Playbooks
The nation’s financial advisors are busier than ever as they try to keep clients calm amid the market turmoil.
U.S. was not adequately prepared for pandemic, says J.P. Morgan CEO Jamie Dimon
His bank’s 2020 earnings will be ‘meaningfully’ lower, Dimon concedes in his annual letter to shareholders.
‘The worst is behind us’ — with the most attractive risk-reward in years, it is time to buy stocks, Morgan Stanley says
Tentative signs that the coronavirus spread may be slowing, despite the U.S. being set for its worst week so far, have encouraged investors.
Thousands of applicants, zero loans: Trump's small businesses lending program is a failure to launch
Glitches crippled the ability of top lenders to begin processing loans, throwing into doubt when any of the applicants will start receiving any money.
Banks warn Trump’s small business loan program is headed for total disaster
Banks are sounding the alarm about the Trump administration’s implementation of a $350 billion lending program.
Morgan Stanley releases new forecast showing U.S. economy may drop as much as 38%
Already pessimistic? Morgan Stanley’s team of economists has an even grimmer forecast.
