Coronavirus fears looked set to drive another steep drop for U.S. stock markets on Thursday after California declared an emergency, while airlines shares were hammered by an industry sales warning as the outbreak cripples travel demand.
Oil fell on Thursday as the coronavirus epidemic showed no signs of slowing, with deaths mounting globally, and while major producers agreed on deeper output cuts to bolster prices, they could not immediately secure Russian support for the decision.
German airline group Lufthansa said on Thursday it is cancelling about 7,100 flights up to the end of March due to lower demand and the spread of coronavirus.
Russia's state carrier Aeroflot said on Thursday it would suspend its flights to and from Hong Kong amid fears over coronavirus.
Sam Zell, who made his fortune scooping up distressed assets, told CNBC on Thursday that he's been taking advantage of the stock market volatility.
U.S. stock indexes opened sharply lower on Thursday as deaths from the coronavirus rose in the United States, forcing California to declare a state of emergency, while crippled travel demand hit airline stocks.
Two years into an ambitious growth plan to revive earnings at the largest U.S. oil company, Exxon Mobil said on Thursday it would stick to its plans to "lean in" to spending even as its shares have lagged its competitors, which are cutting costs.
Amazon.com Inc and Facebook Inc on Thursday joined Microsoft Corp in recommending employees in the Seattle area to work from home after several people in the region were infected with the coronavirus.
Over the last three decades, women's wages have increased much faster than men's in higher skilled jobs. Still, the gender pay gap persists.
If you get your Medicare coverage through an Advantage Plan and have discovered it doesn't suit you, you can switch your coverage during an enrollment period that closes at the end of March.
Recent changes, like the growing number of female money coaches and women in leadership positions, have made it easier for women to learn about money and investing.
The number of Americans filing for unemployment benefits fell last week, suggesting the labor market was on solid footing despite the coronavirus outbreak, which has stoked financial market fears of a recession and prompted an emergency interest rate cut from the Federal Reserve.
U.S. unit labor costs grew much slower than initially thought in the fourth quarter and were soft in 2019, suggesting inflation could remain tame despite tightening labor market conditions.
New orders for U.S.-made goods fell more than expected in January and could drop further as a worldwide coronavirus outbreak strains supply chains and undercuts the manufacturing sector, which had recently shown signs of stabilizing after a prolonged slump.
U.S. stock indexes dropped more than 2% on Thursday as the swift spread of the coronavirus in the United States led California to declare an emergency, while airline stocks were hammered by crippled travel demand.