The deep declines in the U.S. stock market over the last three weeks has left a dent in retirement portfolios and brokerage accounts, costing on average each person in the United States around $16,000 as of Monday's close before a rebound Tuesday erased some of those losses.
Oil prices fell on Wednesday, giving up earlier gains, pressured by Saudi Arabia's plans to boost oil production capacity for the first time in more than a decade and weakened demand due to the spread of the coronavirus.
The escalating coronavirus outbreak is giving the U.S. Federal Reserve a policy headache like never before: how to judge the potential impact on the economy in the absence of reliable data on how fast the flu-like illness is spreading across the United States.
Japan's Sharp Corp said on Wednesday it has filed a patent infringement lawsuit against U.S. TV brand Vizio Inc and two others, seeking an injunction to ban one of Vizio's TV products in the United States.
(This March 10 story corrects to show Telefonica Brasil and TIM plan joint bid for Oi's mobile business, not whole company)
Oil prices fell on Wednesday, giving up earlier gains, pressured by Saudi Arabia's plans to boost oil production capacity for the first time in more than a decade and weakened demand due to the spread of the coronavirus.
U.S. stock index futures were down 2% on Wednesday after strong gains in the previous session, with investors growing frustrated about the lack of details on fiscal stimulus floated by President Donald Trump to combat the coronavirus epidemic.
The United Arab Emirates joined Saudi Arabia on Wednesday in promising to raise oil output to a record high in April, as the two Gulf Arab oil producers in OPEC took a united stand in a standoff with Russia that has hammered global crude prices.
U.S. consumer prices unexpectedly rose in February but are likely to decline in the months ahead as the coronavirus outbreak depresses demand for some goods and services, outweighing price increases related to shortages caused by disruptions to the supply chain.
Bakers in Seattle, San Francisco and New York City are losing thousands of dollars of Pi Day sales as companies close offices due to the COVID-19 outbreak.
For many millennials, the recent stock market troubles don't mean much.
U.S. stock index futures fell more than 2% on Wednesday after strong gains in the previous session, on skepticism about President Donald Trump's stimulus plan to combat the economic impact of the coronavirus epidemic.
Goldman Sachs said on Wednesday the S&P 500 bull market, the longest on record, is likely to end soon, forecasting a 28% slump from its February peak as the fast-spreading coronavirus is seen taking a toll on corporate profits.
HBR | Martin R, Lars F, Cinthia C, Philipp C and Kevin W | March 10, 2020 As the Covid-19 crisis spreads to new epicenters in Europe and the U.S., companies are scrambling to mobilize responses. There are no easy answers, due to the unpredictability of disease dynamics, a lack of relevant prior experience, and
U.S. stock indexes fell sharply at the open on Wednesday as investors were skeptical about President Donald Trump's stimulus plan to combat the coronavirus epidemic.