Stocks across the globe fell on Tuesday to their lowest since early December and the benchmark U.S. debt yield hit a record low on concerns about the economic hit of the spread of the novel coronavirus.
All of the Federal Reserve's 12 regional banks wanted to keep unchanged the rate commercial banks are charged for emergency loans ahead of the U.S. central bank's last policy meeting, minutes from the discussion of the discount rate showed on Tuesday.
Wall Street's main stock indexes fell almost 2% on Tuesday as the coronavirus spread further and officials described it as "a rapidly escalating epidemic," a day after the S&P 500 and the Dow Industrials' biggest daily decline in two years.
Goldman Sachs, Citigroup Inc, Credit Suisse and other investment banks have curbed trips to Italy amid fears that the coronavirus outbreak across the north of the country could quickly spread across Europe, sources said.
AS/COA | Luisa Horwitz | February 19, 2020 In a region where a large portion of the population is underbanked, fintech offers an innovative solution for Latin America, paving the way for wider financial development, competition, and inclusion in the region. In the case of Argentina, fintech startups are sprouting and spreading fast. Pierpaolo Barbieri,
Crude prices fell about 3% on Tuesday, dropping for a third day, as concerns about the spread of the coronavirus grew after the U.S. government warned Americans to prepare for the disease.
A group of 39 state attorneys general on Tuesday announced an investigation into Juul Labs Inc's marketing practices, adding to mounting legal and regulatory problems for the e-cigarette maker over its role in the nation's youth vaping epidemic.
Wall Street's three major stock indexes fell 3% on Tuesday as the coronavirus spread further around the world and investors clamored for safety a day after the S&P 500's and the Dow Industrials' biggest daily declines in two years.
Wall Street's main semiconductor benchmark tumbled into correction territory on Tuesday in its deepest four-day rout since the financial crisis, as the coronavirus spread further around the world and deepened fears about the global economy.
Forever 21's new co-owner Authentic Brands Group said on Tuesday it had appointed former H&M executive Daniel Kulle as the new chief executive officer of the bankrupt apparel retailer.
The National Transportation Safety Board on Tuesday sharply criticized Tesla Inc 's lack of system safeguards in a fatal Autopilot crash in California in 2018 and U.S. regulators' approach in overseeing the driver assistance systems.
The Federal Reserve is "closely monitoring" the escalating coronavirus outbreak but it is still too soon to gauge if it would require a change in monetary policy, Fed Vice Chair Richard Clarida said on Tuesday as the central bank continues to patiently monitor the impact of the epidemic on the U.S. economy.
The Trump administration is in discussions about whether to renew a license for Chevron Corp's operations in Venezuela as Washington looks to increase pressure on its socialist leader, the U.S. special envoy to the South American country said.
Crude prices fell about 3% on Tuesday, dropping for a third day, as concerns about the spread of the coronavirus grew after the U.S. government warned Americans to prepare for the disease.
JPMorgan Chase & Co is putting more cash into overnight lending markets and holding less for a rainy day, after discussing the matter with regulators, the bank's finance chief said on Tuesday.