Fidelity Investments urges employees to work from home
Fidelity Investments became the latest large financial firm to urge employees to work from home in order to slow the transmission of the coronavirus, according to a company memo.
Fidelity Investments became the latest large financial firm to urge employees to work from home in order to slow the transmission of the coronavirus, according to a company memo.
U.S. consumer sentiment fell in early March as households responded to the coronavirus pandemic and steep declines in stock market prices, a survey showed on Friday.
U.S. Treasury Secretary Steven Mnuchin on Friday said he expected the U.S. economic hit from the coronavirus outbreak to be short-term, and that the Trump administration was keeping its options open for any other future steps that may be needed.
Canada may soon advise against non-essential foreign travel, and it will be taking a number of new measures at airports in a bid to slow the spread of coronavirus, Prime Minister Justin Trudeau said on Friday.
The head of British Airways said coronavirus was causing an unprecedented crisis, warning that aircraft would be parked like never before and staff laid off, in a hard-hitting staff message to address "the worsening situation".
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With various weather events wreaking havoc around the U.S. — often in places unaccustomed to them — experts recommend that you review your own homeowners insurance in case Mother Nature's fury reaches you.
Women who have been widowed must reexamine their finances as soon as they are mentally and emotionally able. A frank review of income sources and expenses, as well as their own estate plan, is important.
Billionaire investor Carl Icahn told CNBC's Halftime Report on Friday that his largest short position is in commercial real estate.
German flagship carrier Lufthansa said on Friday it is planning to request state aid from several European governments to weather the fallout from the coronavirus outbreak.
Monday's trial over shareholder accusations that Telsa Inc Chief Executive Elon Musk pushed the electric vehicle maker to buy an allegedly worthless SolarCity for $2.2 billion to benefit himself has postponed without a new date being set, a spokesman at Delaware's Court of Chancery said on Friday.
SoftBank Group Corp is buying back up to $4.8 billion of its shares after their recent slump, a move that partially met the demand of activist fund Elliott Management but failed to soothe investors panicking from the coronavirus pandemic.
The Trump administration is not considering broad relief from import tariffs on Chinese goods to ease economic pain from the coronavirus, U.S. Treasury Secretary Steven Mnuchin said on Friday, dashing the hopes of industry and some lawmakers.
U.S. consumer sentiment fell less than expected in early March as households responded to the coronavirus pandemic and a sharp stock market sell-off, but also hoped that any disruptions to economic activity would be temporary.
Oil prices were lower on Friday, with Brent crude on track for its biggest weekly slide in nearly three decades as the coronavirus outbreak threatened the global economy and Saudi Arabia stepped up plans to flood markets with more crude oil.