5 days ago by msn.com
The US, Mexico and South Korea reported more cases of COVID-19 and the ASEAN summit has been canceled as Wall Street wrapped up its worst week since the financial crisis. Follow the latest from DW here. read more...
The presidential hopeful said the Trump administration's response to the crisis is "all about politics."
Wall Street is growing fearful that the coronavirus could take down corporate earnings and push the U.S. economy closer to a recession by year end.
Sen. Elizabeth Warren said that funds being used to construct the president’s border wall with Mexico should be redirected to help contain coronavirus, a quickly spreading epidemic with origins in China. “I’m going to be introducing a plan tomorrow to take every dime that the president is now taking to spend on his racist wall at the southern border and divert it to the coronavirus,” the candidate said during a CNN town hall on Wednesday...
Elizabeth Warren is among the 2020 Democratic presidential candidates who have focused more on the coronavirus outbreak in recent days.
Wall Street's main indexes plunged on Thursday in their sixth straight day ...
Wall Street's main indexes tumbled for the seventh straight day and were on track for their biggest weekly dip since the 2008 global financial crisis on worries the fast-spreading coronavirus could lead to a recession. "You're almost fishing blind here, trying to make good decisions,"
On Friday, the World Health Organization, which has shied away from formally declaring the pathogen a pandemic, issued a dire warning that “global level” risks were growing. The speed and depth of the sell-off — which saw the S&P 500 Index plunge into a correction within a week, while the Dow recorded back-to-back days of 1,000 point losses, has resulted in over $6 trillion worth of market value being obliterated. Federal Reserve chair Jerome...
Wall Street's worst week since the 2008 financial crisis didn't let up on Friday, with fears over coronavirus rocking a number of entertainment and tech giants, including Disney and Apple, and spooking investors in the process. The pain was felt across the board, with the three major indexes — the S&P 500, Dow and Nasdaq — all dropping at least 12% this week. On Friday, the S&P dipped 0.8% and the Dow fell 1.4%, while the Nasdaq made a late...
The US, Mexico and South Korea reported more cases of COVID-19 and the ASEAN summit has been canceled as Wall Street wrapped up its worst week since the financial crisis. Follow the latest from DW here.
CNBC's Mike Santoli analyzes last week's stock selloff, which accelerated as the coronavirus outbreak continued to spread across the globe.
Dow stock futures were down about 1% Sunday as coronavirus spread in the U.S. and globally, setting stock markets on edge.
Dow stock futures rose more than 100 points late Sunday night as investors assessed fast-moving coronavirus developments.
"I think stocks soared today because Wall Street realized that the coronavirus might be the equivalent of a severe flu season," CNBC's Jim Cramer said.
U.S. stocks tumbled late morning Tuesday, after first surging on the back of a surprise inter-meeting interest-rate cut from the Federal Reserve, following...
The Fed cut rates by half a percentage point two weeks ahead of its scheduled meeting, due to the "evolving risks to economic activity" posed by the coronavirus.
Complacency from February has turned into outright alarm after Goldman Sachs predicted that global oil demand in 2020 will likely shrink on an annualized basis.
Shares of airlines and cruise ship operators were sharply lower on Thursday after Southwest Airlines warned bookings are down because of coronavirus fears and a cruise ship with sick passengers was not allowed to dock in California. Conway G. Gittens has the details.