CNN Business | Samantha Murphy Kelly | March 7, 2020 New York (CNN Business)The ongoing spread of coronavirus is forcing institutions around the world to rethink one particularly germy surface that most consumers touch every day: cash. On Friday, South Korea's central bank said it was taking all banknotes out of circulation for two weeks --
As the coronavirus outbreak continues to hit global markets, Credit Suisse cut its 2020 S&P 500 target while also reducing earnings estimates.
Robinhood is experiencing another major outage on Monday.
Wall Street's main stock indexes plummeted and the Dow Jones Industrials crashed 2,000 points on Monday as a 22% slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession.
U.S. President Donald Trump blamed a fight for oil market share between Saudi Arabia and Russia, as well as unspecified "Fake News," for a precipitous drop in U.S. stock prices on Monday, amid sliding demand for crude due to the coronavirus.
U.S. equities plunged on Monday as trading resumed following a slump in oil prices.
Twitter Inc said on Monday that it will name three new directors to its board in an agreement with activist investor Elliott Management and private equity firm Silver Lake.
Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991 Gulf War as Saudi Arabia and Russia signalled they would hike output in a market already awash with crude after their three-year supply pact collapsed.
Oil titans Russia and Saudi Arabia have accumulated vast financial cushions that will help them weather a lengthy price war. It's a battle of nerves - so who will blink first?
A plunge in U.S. markets on Monday triggered a 15-minute trading halt in stocks after the S&P 500 fell 7% shortly after the market opened.
"This is going to be treacherous for a while. I would advise most retail investors to stay on the sidelines, not panic. There will be opportunities but they're not now," the chief economic advisor at Allianz said.
Shares of Boeing Co dropped 12% on Monday after the planemaker's proposal to leave wiring bundles in place on the grounded 737 MAX failed to get the backing of U.S. aviation regulators, potentially delaying the plane's return to service.
The coronavirus will accelerate a Darwinian shakeout in Europe's overcrowded airline industry that ultimately benefits Ryanair and British Airways owner IAG, industry experts predict.
Safeguards in the U.S. stock market are functioning as planned, the president of the New York Stock Exchange said on Monday, after a 7% decline in the S&P 500 triggered a 15 minute trading pause shortly after the market opened.
Tesco plans to return $6.6 billion to shareholders after agreeing to sell its supermarket businesses in Thailand and Malaysia to Charoen Pokphand Group as part of plans to refocus on Britain.