Millions of Americans may lose their jobs if the coronavirus pulls the U.S. into a recession, which could mean financial trouble for those who don't get severance pay.
The S&P 500 index plunged over 9% on Monday as trading resumed after an initial automatic 15-minute cutout, driven by mounting fears of the damage the coronavirus is doing to the global economy.
Carmakers including Fiat Chrysler , VW and its premium unit Audi throttled back production at their European plants on Monday as fears over the coronavirus took their toll on producing goods.
The Italian government plans to take control of Alitalia, a draft decree seen by Reuters showed on Monday, as the loss-making carrier risks going belly up due to the impact of the coronavirus outbreak.
Virgin Atlantic, the UK-based airline, said it would ground 75% of its fleet by 26 March and by up to 85% at points in April, as it canceled more flights due to coronavirus.
Boeing Co's shares plunged another 20% on Monday, erasing all gains recorded during ousted CEO Dennis Muilenburg's tenure, as the mounting economic fallout of the coronavirus pandemic added to uncertainty around the 737 MAX's return to service.
With some investors hopeful that the bear market will be short-lived, the S&P 500 decline may still have room to fall, RBC told clients.
CSA | Release | March 16, 2020 Montreal – The Canadian Securities Administrators (CSA) encourages reporting issuers to contact their principal regulator to discuss any potential effect of the current COVID-19 outbreak on their ability to comply with their obligations under securities legislation, including filing deadlines or delivery of meeting materials. Issuers that foresee not
When the U.S. Federal Reserve cut interest rates to near zero on Sunday, the dollar fell, since the move blew away the yield on owning dollars and with it much of their attraction.
U.S. markets should stay open despite intense volatility, the head of the U.S. securities regulator said on Monday, quashing industry speculation that the government might shut down the country's exchanges to stop a plunge in stock prices.
S&P 500 companies lost more than $2 trillion in value in the first few minutes of trading on Monday as investors panicked about the mounting damage from the coronavirus pandemic on the global economy.
Airlines made unprecedented cuts to flights, costs and staffing on Monday, stepping up calls for emergency aid as coronavirus lockdowns and new travel restrictions hit more major routes.
Brazil's government will likely announce a package of measures to prop up the civil aviation sector later on Monday, as business evaporates and flights are canceled due to the coronavirus outbreak, the Infrastructure Ministry said.
Retailers have been closing stores around the globe to reduce the risk of transmission of the coronavirus, which has killed over 6,500 and infected more than 174,000 while disrupting supply and production chains.
The United States could begin purchasing U.S. produced crude oil for the Strategic Petroleum Reserve as soon as two weeks from now, and fill it in several months, an Energy Department source said on Monday.