Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Market relief rally, ECB flexes, WeWork cash burn

Market relief rally, ECB flexes, WeWork cash burn

FromFT News Briefing


Market relief rally, ECB flexes, WeWork cash burn

FromFT News Briefing

ratings:
Length:
10 minutes
Released:
Mar 27, 2020
Format:
Podcast episode

Description

US stocks were up for a third straight day after the Senate agreed to a $2.2tn stimulus package Wednesday. The bill comes as a report on Thursday showed that a record 3.3m Americans filed for unemployment last week from the coronavirus shutdown. Plus, the European Central Bank is giving itself a tremendous amount of flexibility in its plan to buy €750bn in additional bonds to contain the fallout from the virus. And, WeWork burnt through $1.4bn last quarter, almost all the cash injection its principal backer SoftBank had most recently provided.  See acast.com/privacy for privacy and opt-out information.
Released:
Mar 27, 2020
Format:
Podcast episode

Titles in the series (100)

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning. See acast.com/privacy for privacy and opt-out information.