FILE PHOTO: Traders work on the floor of the New York Stock Exchange in New York, U.S., March 20, 2020. REUTERS/Lucas JacksonNEW YORK: economy can emerge from its coronavirus-fueled slowdown.
"People are believing that at some point in the third quarter we are going to get back to some semblance of what life was prior to all of this," said Steve DeSanctis, equity strategist at Jefferies in New York. Nearly one-third of companies in the Russell 2000 are unprofitable, and the number is likely to increase as they use cash to stay in business as the economy struggles to regain its footing, according to the Wells Fargo Investment Institute.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US announces US$225 million in emergency aid to YemenWASHINGTON: The United States will provide US$225 million in emergency aid to Yemen to support food programs, US Secretary of State Mike Pompeo ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US airlines burn US$10 billion a month as traffic plummetsREUTERS: US airlines are collectively burning more than US$10 billion in cash per month and averaging fewer than two dozen passengers per domestic ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US Treasury to borrow record US$2.999 trillion in Q2[WASHINGTON] The United States Treasury said Monday it will to borrow a record $2.999 trillion in the April-June period largely to finance spending on relief programmes amid the coronavirus pandemic. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Exclusive: US airlines burn US$10 billion a month as traffic plummetsU.S. airlines are collectively burning more than US$10 billion in cash per month and averaging fewer than two dozen passengers per domestic ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US household debt reached US$14.3 trillion, credit standards tightened in first quarterAmerican households added US$155 billion of debt in the first quarter and overall debt levels rose to a new record at US$14.30 trillion, the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US drafts rule to allow Huawei and US firms to work together on 5G standards: SourcesWASHINGTON (REUTERS) - The US Department of Commerce is close to signing off on a new rule that would allow US companies to work with China's Huawei Technologies on setting standards for next generation 5G networks, people familiar with the matter said.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »