This should have been Ocado Plc’s crisis. The online-only grocer should have been capitalising on shoppers avoiding crowded stores. Instead, last week it temporarily closed its website, potentially upsetting its customers. Still, investors clearly believe that it will emerge as one of the winners from the rush to buy toilet paper and tinned soup. Ocado’s shares were up for the ...

In a battle reminiscent of the initially unsuccessful efforts to pass legislation to address the Great Recession in 2008, Republicans and Democrats have thus far failed to advance a $2 trillion relief bill for the coronavirus recession. The only way forward may be to let the Federal Reserve resolve this dispute. The sticking point in negotiations is a provision giving ...

Covid-19 is make or break for the euro. The only way the European Central Bank (ECB) can convince markets that it will do whatever it takes to save the single currency in the current crisis is to abandon the self-imposed political constraints on the assets it can buy under its Quantitative Easing (QE) programme. These encompass the so-called “issue limits,” ...