2 days ago by msn.com
Visa Inc (NYSE: V) shares traded slightly lower Tuesday after the company said Monday afternoon that it expects to take between a 2.5% and 3.5% revenue hit from the coronavirus in the fiscal second quarter. The filing comes after payments competitors Mastercard Inc (NYSE: MA) and Paypal Holdings Inc (NASDAQ: PYPL) issued similar warnings to investors due to the outbreak. Visa said the international spread of the coronavirus has negatively... read more...
Governments ramped up measures on Thursday to battle a looming global pandemic o...
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.
The director of the Centers for Disease Control and Prevention told a congressional subcommittee on Wednesday that the risk of contracting the coronavirus in the United States remains low, but warned that the country will most likely see more cases as the outbreak spreads globally.
Wall Street's main indexes plunged on Thursday in their sixth straight day ...
Vice President Mike Pence told Fox News' Sean Hannity in an exclusive interview Thursday that "the risk of the spread of coronavirus in the United States of America remains low" and credited what he called "unprecedented action" by President Trump earlier this month.
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.
Appearing next to President Donald Trump and Vice President Mike Pence, Azar expressed condolences to the family of the first patient to die from coronavirus in the United States. As federal and local health officials scramble to contain the rapidly spreading disease, health officials at the White House sought to reassure Americans that the necessary precautions were being taken to prevent an outbreak.
U.S. Secretary of Health and Human Services Alex Azar addressed reporters on Saturday at the White House, and said that while the risk to average Americans from the coronavirus remained low, he cautioned, "this can change rapidly."
Vice President Mike Pence, speaking to Fox News' "Sunday Morning Futures," announced that the Trump administration has "expedited" the process to produce a coronavirus vaccine, even as the White House is preparing for possible shortages of key medical components in the short-term.
Santa Clarita man with coronavirus remains in isolation in Nebraska: 'I tested positive again'
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.
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"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.
Harvard University epidemiologist cautions that 1% of those who get symptoms from coronavirus are projected to die, which he says will be in the millions.
Vice President Pence confirmed that there are 43 cases of coronavirus in the U.S. but said the risk "remains low" for the American people.