The sell-off was triggered by a report that several global banks moved allegedly illicit funds over the past two decades despite warnings from U.S. officials.
Schlagwort-Archiv: CNBC
Deutsche Bank tops list of suspicious transactions among leaked U.S. government files
Germany’s Deutsche Bank appears to have facilitated more than half of the leaked $2 trillion of suspicious transactions flagged to the U.S. government over nearly two decades, reported German broadcaster Deutsche Welle.
China releases details on its own blacklist, raising uncertainty for foreign businesses
The Chinese government is stepping up pressure on foreign businesses not to run afoul of Beijing, as the White House targets some of the Asian giant’s largest technology companies.
Dow drops more than 600 points as September sell-off picks up steam
Stocks fell sharply on Monday as fears about the worsening coronavirus as well as uncertainty on further fiscal stimulus rattled traders.
Wall Street’s best performing analysts have a strong buy rating on these 6 dividend stocks
Wall Street’s best-performing analysts like Home Depot and Johnson & Johnson.
Bank trading floors could be poised for a makeover in the wake of Covid-19
Bank trading floors could get a makeover in the wake of Covid-19.
Why higher unemployment taxes are ‚all but certain‘ for businesses
Businesses in many states are likely to face tax increases as early as next year to replenish depleted trust funds that pay unemployment benefits. Workers may also face cuts in unemployment benefits.
Apple has quietly dropped 22% from its peak, giving up $500 billion in market cap
The steep losses came as Apple’s recent product event — its first in 2020 — didn’t live up to the hype.
Here’s what happened to the stock market on Friday
Stocks were under pressure once again by steep declines in major tech names.
Kraft Heinz targets $2 billion in cost cuts over 5 years, sees long-term organic net sales growth of 1% to 2%
Kraft Heinz also raised its third-quarter forecast for organic sales growth.