Standard Chartered to miss growth targets amid coronavirus fears %7C Standard Chartered %7C The Guardian
Asia-focused lender Standard Chartered said the coronavirus epidemic would slow its profit growth this year, adding to the headwinds it faces from social unrest in Hong Kong and the aftermath of the trade war.
Strategists at Goldman Sachs just reminded investors why they are dumping stocks hand over fist right now. The coronavirus may wipe out corporate growth in 2020, perhaps completely. Goldman Sachs said Thursday in a note U.S. companies will generate no earnings growth in 2020. Underlying the call is Goldman’s view that the coronavirus is expected to spread around the globe and severely harm economic activity.
Goldman Sachs revised its earnings estimate for the year to $165 per share, representing 0% growth in 2020.
A global spread of the coronavirus could wipe out U.S. corporate growth completely in 2020, says Goldman Sachs.
The bank upgraded its outlook on the real estate and utilities sectors, recommending investors shift to defensive assets in the near-term.
The fast-spreading coronavirus will clearly have an impact on global economic gr...
Chicago Federal Reserve Bank President Charles Evans said on Thursday it was too...
G7 countries will take "concerted action" to limit the impact of the c...
The global economy will slow sharply this year as governments attempt to contain the coronavirus epidemic, although the scale of the setback is highly uncertain, the Organization for Economic Cooperation and Development said.
The coronavirus outbreak is plunging the world economy into its worst downturn since the global financial crisis, the Organisation for Economic Cooperation and Development warned.
U.S. manufacturing growth took a hit in February as fallout from the coronavirus outbreak in China disrupted global supply chains and negatively affected the sector's outlook.