The coronavirus outbreak has yet to spread meaningfully to U.S. shores, but fears of it alone have already eviscerated some $2 trillion of American stock market value, setting off a market rout that could stymie consumer spending - even before other economic effects of the disease are felt.
NMC Health fired Chief Executive Prasanth Manghat and granted its finance chief extended sick leave, the healthcare company said on Wednesday after the firm unveiled details from its ongoing investigation into its finances.
As markets tumbled this week on coronavirus fears, trading activity in 401(k) plans skyrocketed. Data from Alight Solutions show that most retirement plan investors moved money out of equity funds in accounts and into fixed income — despite the advice they may have gotten from their financial advisors.
Stocks and oil prices resumed their sharp decline on Wednesday after a report said over 80 people were being monitored for the novel coronavirus in New York State's Long Island.
The top shareholder of carmaker Aston Martin is on a mission to turn investments from theme parks to high-end furniture brands "carbon positive" by the end of 2020, as buyout funds battle to woo investors increasingly focused on tackling global warming.
Traders short selling SmileDirectClub had a lot to smile about on Wednesday, earning paper profits of over $115 million as the online dental company's stock plummeted 26% following a disappointing quarterly report.
Apple Inc's shareholders on Wednesday defeated a proposal critical of its removal of apps at the request of the Chinese government, but the proposal drew a much higher proportion of votes than similar proposals in previous years which had gained support only in single-digit percentages.
Oil prices fell to their lowest in more than a year on Wednesday after hundreds of new coronavirus cases reported in Europe and the Middle East stoked fears that energy demand would decline, and on concerns that the virus could spread across the United States.
Self-driving car companies in California covered nearly 2.9 million miles on public roads during 2019, the state's Department of Motor Vehicles said on Wednesday.
Walmart , the world's largest retailer, is in talks with possible buyers of a stake in its British supermarket Asda, which it failed to combine with Sainsbury's last year.
Lloyds Banking Group and Virgin Money pressed ahead with hundreds of job cuts in the face of union opposition, as British banks try to keep up with customers moving online.
Morgan Stanley's Deputy Chief Financial Officer Paul Wirth will retire after 15 years with the bank, according to a memo sent to employees seen by Reuters on Wednesday.
President Trump may be livid about this week's market sell-off, but the rally in U.S. equities since his election is still well intact.
U.S. Senator Marco Rubio on Wednesday asked the Trump administration to review the national security implications of AT&T's Inc's planned sale of its majority stake in Central European Media Group Enterprises (CME) to the Czech-owned conglomerate PPF Group.
Microsoft Inc said on Wednesday it does not expect to meet the third-quarter revenue forecast for its 'more personal computing' business, as a result of the coronavirus outbreak.