Blindsided by bear market, stock-pickers struggle to stay relevant
The carnage in stock markets is getting uglier by the day. Should you "buy", "sell" or "hold" on tight?
The carnage in stock markets is getting uglier by the day. Should you "buy", "sell" or "hold" on tight?
Wall Street's main indexes sank again on Wednesday, as growing signs of coronavirus damage to corporate America overshadowed a burst of optimism about sweeping official moves to protect the economy.
One of Noel Quinn's first jobs as chief executive of HSBC will be to review the radical revamp he unveiled last month as interim boss, a senior source at the bank said.
European Trade Commissioner Phil Hogan underscored the European Union's desire to negotiate a settlement to a dispute with the United States over aircraft subsidies when he spoke with the top U.S. trade official on Monday, an EU spokesman said.
British American Tobacco , the world's No.2 tobacco maker, said on Wednesday it has not yet seen a material impact from the COVID-19 outbreak, even as certain launches had to be postponed due to supply chain disruptions in China.
Billionaire investor William Ackman, who has long worried about the serious risks posed by the novel coronavirus, called on the Trump administration on Wednesday to seal off the United States for a month in a bid to curb the outbreak.
Ryanair expects to ground most if not all of its flights from March 24 except a very small number mostly between Britain and Ireland to maintain essential connectivity, the airline said on Wednesday.
Australia and Taiwan joined governments offering financial aid to airlines, while authorities in Europe rushed on Wednesday to agree steps to rescue carriers which have had to park planes and cut jobs as the coronavirus puts the brake on travel.
Danish toymaker Lego said on Wednesday it would close all of its stores, except for those in China, until at least March 27 due to the spread of coronavirus.
Nissan Motor Co said on Wednesday it would stop producing vehicles in Indonesia, consolidating its global production in the face of falling sales which have pummeled its profitability.
IKEA, the world's biggest furniture brand, is temporarily closing more stores as the coronavirus spreads, including all 50 in its second-biggest market the United States.
The Treasury is granting extra time to pay taxes owed from last year, but the reprieve doesn't apply to your tax return. You must file your return by April 15, said Steven Mnuchin, Treasury Secretary.
Several hundred Amazon workers in France protested at one of its sites on Wednesday, calling on the online retailer to cease operations or make it easier for employees loath to work during the coronavirus outbreak to stay away.
Among the measures being taken to stay safe during the coronavirus pandemic, Americans could finally be ready to embrace contactless payment methods, after years of reluctance.
Tesla Inc's U.S. vehicle factory in California on Wednesday appeared to operate normally despite an order by the county's sheriff's office to comply with a three-week lockdown in the San Francisco Bay Area to rein in the spread of coronavirus.