Bloomberg's Cameron Crise tries to determine what verifiable economic outcomes are embedded in the current pricing of financial markets. Running
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New York (CNN Business) Hertz paid out millions of dollars in bonuses to its executives just before its bankruptcy — and a month after it started laying off thousands of employees. Retention bonuses are typical for bankrupt companies that want to prevent their …
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Jamie Dimon sees “pretty good odds” of a fast economic rebound starting in the third quarter thanks to the U.S. government’s stimulus programs and the strength of the consumer going into the pandemic. “You could see a fairly rapid recovery,” the JPMorgan …
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People walk on a busy shopping street in Stockholm, on May 22. Photographer: Loulou D'Aki/Bloomberg
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… * Equities rally as economies reopen, dollar eases. * USDA announces fresh U.S. soybean sales to China. * Corn planting seen 90% complete, soybeans at 69% (Adds closing prices, adds CBOT wheat turning lower). By Karl Plume. CHICAGO, May 26 …
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