BlackRock Inc's results topped Wall Street estimates on Friday, helped by investors flocking to the world's largest asset manager's bond funds in the second quarter as global financial markets rebounded strongly from a COVID-sparked brutal selloff in March. | Video
July 2 Shares of SoftBank-backed insurance
startup Lemonade Inc surged 73% in their market debut
on Thursday, capitalizing on the rebound in U.S. investor demand
for new listings following the coronavirus outbreak.
Shares of U.S. business analytics firm Dun & Bradstreet Holdings Inc ended trading up 15% in their market debut on Wednesday, riding on the back of a recent recovery in investor appetite for new stocks.
BENGALURU/TORONTO Canadian companies went on a debt binge as the COVID-19 crisis slammed the economy, with Canada Inc rushing to the bond market at the heaviest pace in at least a decade.
U.S. agencies are probing Wells Fargo & Co's handling of the Paycheck Protection Program (PPP) for coronavirus relief, the country's fourth largest lender said on Tuesday.
Morgan Stanley Chief Executive Officer James Gorman told shareholders on Thursday he "can promise" the bank will miss its medium-term financial targets again in the current quarter, as the economic shutdown caused by the novel coronavirus will continue to upend the global and U.S. economy. | Video
April 16 Morgan Stanley Chief Executive
Officer James Gorman warned that the bank would take "longer to
achieve" its medium-term financial targets due to the
coronavirus crisis, after its first-quarter profit slumped by
Workplace communication platform Slack Technologies Inc forecast a soft revenue outlook for the first quarter on Thursday, sending its shares down more than 20% aftermarket, on a day major U.S. stock indexes went into a tailspin amid coronavirus fears.