Cash is king as U.S. quarterly reporting season gains steam

(Reuters) – With the U.S. quarterly earnings season picking up steam this week, investors have caught a glimpse of how companies are weathering the coronavirus outbreak, including the strength of their balance sheets. With little clarity on when the U.S.…

Brokerages restrict clients on positions they can take in oil

(Reuters) – Several brokerages, including discount giant TD Ameritrade Corp (AMTD.O) are restricting customers from buying new positions in certain crude oil contracts after an unprecedented sell-off that sent prices below negative-$40 on Monday. The U.S. oil futures market was…

Private home prices drop 1% in Q1 amid lighter Covid-19 measures

SINGAPORE – Private home prices fell less than initially estimated in the first quarter of 2020, but Singapore’s extended “circuit breaker” period against a sharp rise in Covid-19 cases will put more downward pressure on the property market. Private residential…

Wall Street trims gains after report on coronavirus drug trial

(Reuters) – Wall Street was in positive territory on Tuesday but surrendered strong earlier gains after a report that an experimental antiviral drug for the coronavirus flopped in its first randomized clinical trial. All three main U.S. stock indexes trimmed…