FA News

U.S. May Budget Deficit $399 Billion, Almost Double Year Earlier

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The coronavirus-induced spending splurge weighs heavily on the national debt.

Risky Munis Shrug Off Recession In Biggest Rally Since 2009

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High-yield munis have returned 7.8% since April 1.

Fed Sees Zero Rates Through 2022, Commits To Keep Buying Bonds

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As expected, the Fed said it will keep rates low and continue quantitative easing in the near term.

Mnuchin Backs New Stimulus Targeted To Stragglers In Reopening

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Mnuchin spoke highly of the effectiveness of current stimulus and called for more.

A $22 Trillion Stock Rally Now Hinges On Rapid Economic Recovery

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The global stock market’s capitalization has climbed by roughly $22 trillion from the March low.

Junk Bonds Eclipse Peers In Emerging Markets By Most In 20 Years

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Investors are getting adventurous as they bet on a revival in global economic activity and friendly Fed policies.

Some Sectors Set To Soar, Portfolio Manager Says

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Covid-19 will result in permanent market changes, according to Hartford Funds' Simon Webber.

Starbucks Sees $3.2 Billion Virus Hit, Plans New Cafe Format

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The company said it expects to report an adjusted loss of 55 to 70 cents a share.

Pictet Sees 80% Chance Of Virus Vaccine Coming Before Year-End

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The timing is tight, considering medicine’s quickest previous vaccine took four years to be developed.

Covid Pandemic Is Far From Over, Anthony Fauci Warns

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The infection won’t “burn itself out with mere public health measures,” he said.

Virus-Hit Cities In Hurricane Zone Get Moody's Warning On Risks

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Hurricanes have become more violent and more expensive because of climate change.

Pimco Cranks Up Its CLO Machine For The First Time in A Decade

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The CLO market could rev up as the pandemic purges the market of its excesses.

Second U.S. Virus Wave Emerges After State Reopenings

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Covid-19 cases have increased in some reopened states, remained stable in others.

More Companies Weigh Cutting 401(k) Match In Pandemic Pinch

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Companies see suspensions as a way to boost cash flow and avoid or limit job cuts.

From Depression To Euphoria: How Cross-Asset Markets Fought Back

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In some respects, it’s almost as if the pandemic never happened.

More Food Shortages Loom With Outbreaks At 60 U.S Plants

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America’s food suppliers have seen some of the worst Covid-19 outbreaks of any industry outside health care.

Industry Groups Urge Congress To Lower Entry Barriers For Buffered Annuities

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The groups back a bill directing the SEC to devise an easier form for annuity issuers to use when filing new buffered annuity products.

Investors Saved Nearly $6B Due To Declining Fund Fees In 2019, Morningstar Says

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Fee pressure is continuing due to investor demand, a Morningstar report said.

Crisis Causing More Young Adults To Seek Out Financial Advisors

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Millennials, Gen Xers and Gen Zers are taking their finances more seriously in the wake of the epidemic, a survey says.

The Shock U.S. Jobs Report Raised Questions. Here Are Some Answers.

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The shock of Friday’s U.S. jobs report is still rippling through economic circles, politics and financial markets.