Stocks drop as new coronavirus fears escalate
Shares slid on Monday as investors shunned equities on growing concerns over the scope of a China virus outbreak, with safe-haven assets such as the Japanese yen and Treasury notes in greater demand.
Shares slid on Monday as investors shunned equities on growing concerns over the scope of a China virus outbreak, with safe-haven assets such as the Japanese yen and Treasury notes in greater demand.
Stocks tumbled on Monday as investors grew increasingly anxious about the economic impact of China's spreading virus outbreak, with demand spiking for safe-haven assets such as the Japanese yen and Treasury notes.
Oil prices slumped a further 2% to multi-month lows on Monday as the rising number of cases of the new China virus and city lockdowns deepened concerns about demand for crude, even as Saudi Arabia's energy minister sought to calm the market.
Crude prices fell more than 2% to multi-month lows on Monday as the rising number of cases of the new coronavirus in China and city lockdowns there deepened concerns over oil demand, even as Saudi Arabia's energy minister sought to calm the market.
Starbucks has closed all shops and suspended delivery services in China's Hubei province for the week-long Lunar New Year holiday, where a coronavirus outbreak originated from its capital Wuhan has caused 41 deaths in China.
The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett's Berkshire Hathaway Inc to take a $377 million charge last year, pleaded guilty on Friday to involvement in an estimated $912 million Ponzi scheme.
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Active portfolio managers could get some help in the battle against passive investing if this new kind of ETF gains traction with investors.
Many investors are choosing to funnel their money into investments that address climate change and climate risk, a move that asset managers are rushing to meet the demand.
There are more small businesses and startups than ever before, yet they have traditionally been at a disadvantage when it comes to the benefits they can offer employees. That's changing.
Some aspects of tax returns generate more scrutiny than others, and IRS computers are adept at weeding those out.
The EU plans to adopt more protectionist antitrust rules and encourage businesses to share data as part of an industrial policy overhaul aimed at giving European companies a sharper edge in global markets, a strategy document seen by Reuters shows.
Fashion retailer H&M said on Saturday that data security breaches found at its German unit were unacceptable and it was cooperating with the local data protection supervisory authority in its investigation into the matter.
Boeing Co began the maiden flight on Saturday of the world's largest twin-engined jetliner as the embattled planemaker steps up competition with European rival Airbus in a respite from a crisis over its smaller 737 MAX. The 777X, a larger and more efficient version of Boeing's successful 777 mini-jumbo, took off outside Seattle at 10:09 a.m. local time (1.09 p.m. ET) after high winds forced the company to postpone two earlier attempts this week.
Boeing Co successfully completed on Saturday the maiden flight of the world's largest twin-engined jetliner as the embattled planemaker steps up competition with European rival Airbus in a respite from a crisis over its smaller 737 MAX.