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Finance News
US Markets Continue to Rally Despite Confirmed Recession
While the US officially entered a recession on Monday, the Nasdaq and S&P 500 indexes both hit highs.
BP to Cut 10,000 Jobs Amid Global Oil Slump
Citing COVID-19, the UK-based oil giant has announced plans to lay off 15% of its global workforce.
The US Economy Grew by 2.5 Million Jobs in May
New figures released by the Department of Labor showed the US unemployment rate shrinking to 13.3% as states reopen, raising stocks globally.
Bridging Lenders Excited About Future Lending Prospects
Lenders and intermediaries working in the bridging finance industry are feeling positive following the easing of recent restrictions due to COVID-19.
European Central Bank Increases Emergency Stimulus by €600 Billion
The ECB’s latest funding boost takes the size of its crisis bond-buying programme to a staggering €1.35 trillion.