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Matt Egan
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business
Oil prices crash to fresh 18-year low as demand suffers unprecedented drop
Matt Egan//37 views
New York (CNN Business)The great oil crash of 2020 ain't over yet. US crude plunged nearly 7% and finished at an 18-year low of $20.09 a barrel Monday as the co...
business
The $2 trillion stimulus will slam the mortgage industry -- unless the Fed comes to the rescue
Matt Egan//34 views
New York (CNN Business)The federal government is determined to prevent the coronavirus pandemic from setting off another mortgage meltdown. The $2 trillion sti...
business
Trump wants America reopened by Easter. That could badly backfire on the economy
Matt Egan//42 views/2 comments
New York (CNN Business)President Donald Trump, fearing an economic catastrophe ahead of the November election, is hoping to swiftly remove the severe health res...
business
Chevron CEO vows to avoid first dividend cut since Great Depression
Matt Egan//39 views/1 comments
New York (CNN Business)Chevron is pulling out all the stops to cope with the historic collapse in oil prices. The oil giant is slashing spending, scaling back i...
business
Companies that binged on buybacks now seek bailouts from taxpayers
Matt Egan//26 views/1 comments
New York (CNN Business)Corporate America, armed with the Trump tax cuts, lavished Wall Street with a multi-trillion dollar share buyback spree over the past two...
business
Fed takes emergency action to stave off a depression
Matt Egan//34 views
New York (CNN Business)The Federal Reserve is signaling it will do whatever it takes to save the coronavirus-ravaged American economy from a depression. The US ...