Mitch McConnell's comment came as Congress considers extending aid to cities and states that are seeing tax revenue disappear as wide swaths of the economy are shut down
The Pacer fund could invest in stocks of businesses that identify or combat diseases or companies that enable social distancing
The United States Oil Fund had to suspend the issuance of new shares after losing a third of its value in two days
West Texas Intermediate for June delivery dropped as much as 42% to $11.79 a barrel amid a massive glut of crude oil
Stimulus measures from US authorities suggest the American economy can get back on its feet as pandemic restrictions ease
ESG investors face a new threat in the age of coronavirus: ‘social washing’
The move runs counter to vows by many Wall Street firms not to lay off workers amid the pandemic
But those bets haven't paid off to date because efforts to stabilize the crude oil market have fallen short
During the first quarter, the asset manager saw about $19 billion in withdrawals from its mutual funds and ETFs, but $52 billion in inflows for its cash management business
The firm's sophisticated investors are looking at opportunities ranging from refinancing existing debt to addressing margin calls
