Stuff that matters
With a new policy framework in place, the Federal Reserve will turn to discussion of its next steps in the fight against the economic fallout of the coronavirus pandemic, and if and when to roll out additional support. Fed Vice Read more
Private equity firm TPG is exploring a sale of Astound that could value the owner of a U.S. network of regional cable TV and internet providers at more than $8 billion, including debt, according to people familiar with the matter. Read more
Shares of TikTok U.S. suitors Microsoft Corp, Oracle Corp and Walmart Inc fell on Monday after China’s move to restrict some technology exports spurred worries Beijing might block any deal for the video app’s U.S. assets. China’s new rules around Read more
NEW YORK – Oil prices dropped on Monday, with Brent slipping from a five-month high as global demand remained below pre-COVID levels while U.S. production edged up. Brent crude futures settled at $45.28 a barrel, down 53 cents, or 1.2%. Read more
NEW YORK – JPMorgan Chase & Co (JPM.N) said on Monday it hired the head of Vanguard Group’s robo-adviser to lead its phone and video-based financial advice unit and to oversee its nationwide hiring spree. Boaz Lahovitsky was named head Read more
NEW YORK – There are dollar bears, and then there’s Ulf Lindahl. The chief investment officer of currency manager A.G. Bisset believes the U.S. currency will plunge 36% against the euro over the next year or so, taking it to Read more
High-flying shares of Apple Inc and Tesla Inc surged again on Monday as stock splits took effect and attracted more buying from investors. Apple jumped over 4% and Tesla rallied 10%, elevating the electric car maker’s market capitalization to over Read more