Oil prices crashed on Monday, suffering their biggest daily rout since the 1991 Gulf War, after the collapse of an OPEC+ supply agreement that now threatens to overwhelm the world with oil, inciting panic throughout the energy sector.
The rapidly-spreading COVID-19 is a so-called black swan event, even for well-to-do investors. Members of TIGER 21, an investment club for high-net worth individuals, are stocking up on cash.
Ryanair on Monday cut more international flights to Italy and domestic flights within the country until April 8 after the Italian government imposed travel restrictions in northern Italy to limit the spread of the coronavirus.
Scandinavian airline SAS has canceled 2,000 of the flights it had scheduled for March, equating to 8% of the total, the company told Norwegian broadcaster NRK on Monday.
Goldman Sachs named top trader Michael Daffey as global markets chairman on Monday, with a remit to strengthen key client relationships as the Wall Street giant tries to remodel its trading business in Europe after Brexit.
Wall Street's main stock indexes plummeted and the Dow Jones Industrials crashed 2,000 points on Monday as a 20% slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession.
Many Americans fear the coronavirus outbreak will prevent them from working and getting paid. Here's how to kickstart an emergency fund.
Russia's oil sector will remain competitive and keep its share of the market regardless of price forecasts, the country's energy ministry said on Monday.
"I like Amazon right here." CNBC's Jim Cramer said Monday. "I think you start a position in Amazon absolutely,"
Global stock markets plunged on Monday and crude oil prices tumbled by as much as a third after Saudi Arabia launched a price war with Russia, sending investors already spooked by the coronavirus outbreak fleeing for the safety of bonds and the Japanese yen.
"You've got to know when to hold 'em, know when to fold 'em," Kenny Rogers once sang. And the same applies to claiming Social Security retirement benefits, especially in turbulent markets. Here's what to think about before you decide to start receiving those checks early.
Wall Street's main stock indexes plummeted about 5% on Monday, as a slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession on the anniversary of the U.S. stock market's longest bull run.
By Silvia Ognibene, Riccardo Bastianello, Silvia Aloisi
More Americans will be getting tested for the coronavirus, and health insurers are waiving co-pays, but it's still important to know what your health plan covers.
Wall Street banks and brokers are in "robust" talks with regulators to secure rule-waivers that would allow thousands of traders to operate from home as the coronavirus spreads in New York, the chief executive of a top industry group told Reuters.