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Just another trading day: Wild swings and dash for cash trigger selling
By Karen Brettell, Megan Davies and Karen Pierog (Reuters) – Another day of massive swings across asset prices was marked by scant liquidity as investors dashed for cash while systematic strategies triggered automated selling amid rising volatility, market participants said. Wall Street deepened its selloff, with the S&P 500 now down about 29% from its […]
Washington considers actions to bolster U.S. economy as coronavirus cases mount
By Steve Holland and Richard Cowan WASHINGTON (Reuters) – As U.S. coronavirus cases rose steadily, the White House and Congress negotiated measures on Tuesday to bolster the U.S. economy and Americans’ paychecks against the outbreak’s impact, although there was no immediate sign of a deal. The rise in the number of U.S. cases of COVID-19, […]
Exclusive: UK supermarkets expect police support if London in lockdown – industry source
LONDON (Reuters) – British supermarkets are expecting to get police support to deter unruly behavior if London goes into lockdown to contain the coronavirus outbreak, according to an industry source. Prime Minister Boris Johnson has joined the country’s biggest supermarkets including Tesco <TSCO.L>, Sainsbury’s <SBRY.L>, Asda <WMT.N> and Morrisons <MRW.L>, in urging shoppers not to […]