Business News – W.P.

Goldman Sachs Has a Point on Credit Recovery, But Be Very CarefulGoldman Sachs Has a Point on Credit Recovery, But Be Very Careful

Goldman Sachs Has a Point on Credit Recovery, But Be Very Careful

The bank’s analysts say the worst of the widening of credit spreads may be over for high-grade issuers. But this…

2 hours ago
How Did Oxy’s Bosses Get Paid a Bonus?How Did Oxy’s Bosses Get Paid a Bonus?

How Did Oxy’s Bosses Get Paid a Bonus?

There’s a yawning gap between oil E&P sector compensation and performance.

2 hours ago
Distinguished homes for sale in the D.C. regionDistinguished homes for sale in the D.C. region

Distinguished homes for sale in the D.C. region

The Washington Post's picks of distinguished local homes on the market.

1 hour ago
When God Appears in Contracts, That’s ‘Force Majeure’: QuickTakeWhen God Appears in Contracts, That’s ‘Force Majeure’: QuickTake

When God Appears in Contracts, That’s ‘Force Majeure’: QuickTake

The coronavirus crisis has given new relevance to the legal term “force majeure.” It’s a clause that can be found…

2 hours ago
How the Fed’s Swap Lines Aim at Dollar Funding StressHow the Fed’s Swap Lines Aim at Dollar Funding Stress

How the Fed’s Swap Lines Aim at Dollar Funding Stress

A global run on the U.S. dollar triggered by the coronavirus pandemic is once again prompting the Federal Reserve to…

3 hours ago
Will Airbnb Become Obsolete After the Coronavirus?Will Airbnb Become Obsolete After the Coronavirus?

Will Airbnb Become Obsolete After the Coronavirus?

The world’s most-visited cities are deserted. When the virus passes, they will be durably changed.

3 hours ago
Trump says Saudis and Russians will not hike oil production, and price jumpsTrump says Saudis and Russians will not hike oil production, and price jumps

Trump says Saudis and Russians will not hike oil production, and price jumps

The president said he had talked with Russian and Saudi leaders this week and expects them to call off their…

3 hours ago
Stocks jump on word Saudi Arabia, Russia will drastically cut oil outputStocks jump on word Saudi Arabia, Russia will drastically cut oil output

Stocks jump on word Saudi Arabia, Russia will drastically cut oil output

The Dow, S&P 500 and Nasdaq reverse losses stemming from a dismal jobs report showing a record 6.6 million Americans…

3 hours ago
Boeing offers employees buyouts as U.S. economy shuddersBoeing offers employees buyouts as U.S. economy shudders

Boeing offers employees buyouts as U.S. economy shudders

The Chicago-based aerospace giant has been hit especially hard by the coronavirus and its related economic shocks as the airline…

3 hours ago
Over 10 million Americans applied for unemployment benefits in March as economy collapsedOver 10 million Americans applied for unemployment benefits in March as economy collapsed

Over 10 million Americans applied for unemployment benefits in March as economy collapsed

Job losses have skyrocketed as restaurants, hotel, gyms, and travel have shut down across the nation, but layoffs are also…

20 mins ago
Mortgage rates tumble as lenders face increasing difficultiesMortgage rates tumble as lenders face increasing difficulties

Mortgage rates tumble as lenders face increasing difficulties

With the 30-year fixed-rate average sinking near its all-time low, lenders are struggling to keep up with the high volume…

20 mins ago
The companies that are pledging not to lay off workers amid the coronavirus unemployment crisisThe companies that are pledging not to lay off workers amid the coronavirus unemployment crisis

The companies that are pledging not to lay off workers amid the coronavirus unemployment crisis

A record 6.6 million Americans applied for unemployment benefits last week. But some companies pledged to hold off on job…

12 seconds ago
The Technology 202: State unemployment websites are crashing amid record number of claimsThe Technology 202: State unemployment websites are crashing amid record number of claims

The Technology 202: State unemployment websites are crashing amid record number of claims

The websites are ill-equipped to handle the drastic economic downturn from coronavirus.

9 seconds ago
Uber drivers and other gig economy workers were promised unemployment benefits. It may be a long wait.Uber drivers and other gig economy workers were promised unemployment benefits. It may be a long wait.

Uber drivers and other gig economy workers were promised unemployment benefits. It may be a long wait.

It could take weeks or more before much-needed money reaches the pockets of cash-strapped gig-economy workers, a series of delays…

6 seconds ago
Giant Funds Are a Model for the Post-Coronavirus FutureGiant Funds Are a Model for the Post-Coronavirus Future

Giant Funds Are a Model for the Post-Coronavirus Future

Sovereign wealth funds would be a simple way for governments to attach strings to Covid-19 state aid, while ensuring they…

4 seconds ago