Oil slides 4% on demand concerns as coronavirus spreads
Oil prices slumped by 4% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the impact on demand for crude.
Oil prices slumped by 4% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the impact on demand for crude.
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc , on Monday called the coronavirus outbreak "scary stuff" but said stocks remain a good long-term investment and that he won't sell stocks despite the threat of a pandemic.
U.S. stock index futures tumbled on Monday as investors scurried to perceived safe-haven assets after a surge in coronavirus cases outside China stoked fears of a bigger impact to global economic growth.
Half of the states in the U.S. have passed laws to tax subscriptions to digital streaming services like Netflix and Spotify to raise revenue, and more are likely to follow.
Several sectors of Germany's manufacturing sector are expecting a shortness of supplies from the Far East region in the coming weeks due to the outbreak of the coronavirus in China, business association BDI said on Monday.
The U.S. Supreme Court on Monday handed a victory to Walgreens, turning away an appeal by a fired former Florida employee of the pharmacy chain who asked not to work on Saturdays for religious reasons as a member of the Seventh-day Adventist Church.
The U.S. Supreme Court on Monday refused to hear Apple Inc's bid to avoid paying about $440 million in damages for using patent licensing firm VirnetX Inc's internet security technology without permission in features such as FaceTime video calling.
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc , on Monday called the coronavirus outbreak "scary stuff" but said that it was no time to sell stocks despite the threat of a pandemic.
The Dow Jones Industrials fell more than 800 points within minutes of the market open on Monday as investors scurried to safer assets after a surge in coronavirus cases outside China stoked fears of a bigger impact to global growth.
"I look at these drug companies and I think, 'Wouldn't that be a great place to go if the market really falls apart?'" CNBC's Jim Cramer said.
Valuation and allocation trends suggest a positive, albeit choppy market in 2020.
The following charts aim to capture the scale and trajectory of stock market moves in response to the new coronavirus outbreak, the growing number of cases beyond China, the reaction of China's central bank and the impact on safe haven investments.
U.S. interest rates futures surged to their highest levels since last fall as a global sell-off in stocks and panicked buying of government bonds fueled growing expectations that the Federal Reserve will soon be forced to respond with interest rate cuts.
Warren Buffett told CNBC that Berkshire Hathaway's "third largest business," after its insurance and railroad interests, is its stake in Apple.
SoftBank on Monday led a new funding round of $165 million in California-based Karius and invested $100 million in New York-headquartered AI company Behavox, as the technology giant builds a portfolio under its second Vision Fund.