The Cboe Volatility Index , known as Wall Street's "fear gauge," jumped on Thursday in its biggest-ever one-day surge as U.S. stocks confirmed a bear market and the benchmark S&P 500 index tumbled 9.5%.
Broadcom Inc withdrew its revenue forecast for 2020 on Thursday, joining a host of chipmakers that have either cut or pulled their sales outlook due to disruptions in global supply chain caused by the coronavirus outbreak.
Boeing said Washington state's move on Thursday to repeal of an aerospace business tax break brings the United States into full compliance with World Trade Organization rules, which U.S. policymakers hope will avert European Union tariffs on U.S. goods.
Europe's Airbus on Thursday welcomed a move by Washington state to remove what it called "illegal subsidies" to Boeing , but said the U.S. planemaker had received billions of dollars in other subsidies and tax breaks.
Gap Inc said on Thursday it expected a $100 million hit to first-quarter sales due to the impact of the fast-spreading coronavirus in Asia and Europe.
President Donald Trump signed legislation on Thursday to bar telecom carriers from using U.S. subsidies to purchase network equipment from Huawei Technologies [HWT.UL], ZTE Corp and other companies deemed a national security threat.
Juul Labs Inc said on Thursday co-founder James Monsees plans to leave the e-cigarette maker, stepping down as an adviser and board member.
U.S. home rental company Airbnb Inc's bookings in major cities across the world have taken a blow due to coronavirus-fueled uncertainty in the travel industry, data from Airbnb-analytics firm AirDNA shows.
Brent crude slid 7% on Thursday after President Donald Trump restricted travel to the United States from Europe as part of measures to try to halt the spread of coronavirus after the World Health Organization described the outbreak as a pandemic.
Airlines on Thursday appealed for urgent government financial support as transatlantic carriers rushed to cut flights in the wake of new U.S. travel restrictions on Europeans aimed at combating the coronavirus outbreak.
American Airlines Inc and Delta Air Lines Inc on Thursday said they were capping fares for U.S.-bound flights from Europe, amid some reports of exorbitant pricing, as U.S. citizens flock to European airports trying to return home after new air travel restrictions ordered by U.S. President Donald Trump.
For three years, U.S. President Donald Trump has touted a stunning run-up in the stock market as evidence of his success in the White House. In the space of three weeks, most of those gains have evaporated.
Working from home went from optional to mandatory across Wall Street this week as financial firms reported their first confirmed cases of coronavirus and the outbreak triggered a state of emergency in New York City.
Amazon.com Inc on Thursday said it was recommending that employees globally work from home this month if they are able to do so, while necessary on-site staff such as warehouse workers would get up to two weeks' pay if quarantined because of the coronavirus.
Lew said the corporate tax cut created by the current administration should have put most large businesses in a strong cash position.