Investors are edging back into emerging markets, even though worries about the coronavirus’s impact on global economic growth have clouded prospects for the boom-and-bust asset class.
U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities and Boeing Co cut production of civilian aircraft, the Federal Reserve said on Friday.
United Airlines Holdings Inc said on Friday it is extending the cancellation of Boeing 737 MAX flights until Sept. 4, a fresh delay that comes as sources told Reuters that the timing of a key certification flight may not happen until at least April.
Canada’s biggest cannabis producer, Canopy Growth Corp , is conducting a “thorough strategic review” of its production facilities to focus on its most lucrative markets and product lines, company executives said on Friday.
NEW YORK/BENGALURU (Reuters) – The rapid spread of the coronavirus disease is taking a toll on the $46 billion global ocean cruise industry. Dominated by three U.S.-listed companies, Carnival Corp, Royal Caribbean Cruises Ltd and Norwegian Cruise Line Holdings, the industry is under sharp scrutiny following the virus outbreak that has left one ship quarantined in Asia. Many see Asia as a potential growth area for cruise tourism: 39 cruise brands were active in Asian waters last year, deploying a total of 79 ships, according to trade group Cruise Lines International Association. …read more […]
$165 billion hedge fund buys the same major banks as Warren Buffett in final quarter of 2019 Continue reading… …read more […]
China’s viral outbreak set a grim new record on Friday, with official data showing over 64,000 coronavirus cases and a death toll of nearly 1,400. …read more […]
The S&P 500 and the Nasdaq edged higher on Friday, supported by Nvidia shares after its upbeat outlook, but concerns about an economic hit from the coronavirus outbreak limited gains.
As metropolitan areas continue to see a rise to the cost of living, more people are migrating elsewhere. Curbed Senior Reporter Patrick Sisson joins On the Move to break down the best cities to relocate to. …read more […]
(Bloomberg) — An Illinois company that rapidly expanded over the past two years to deliver packages for Amazon.com Inc. is shuttering operations in five states and letting go hundreds of drivers after failing to meet the e-commerce giant’s standards.The shuttering of Bear Down Logistics underscores the challenges Amazon faces outsourcing deliveries to new, untested companies instead of traditional partners such as United Parcel Service Inc. and FedEx Corp. It also serves as a warning to Amazon delivery partners that the company is an exacting client willing to cut them off.Bear Down Logistics notified Ohio, Virginia, Minnesota and Illinois that it …read more […]
Oil prices rose on Friday, on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown.
The stock market took a hit when news of the coronavirus first spread. But now it’s right back up again.
Today, Alexander Green’s market analysis reveals why investors are choosing to look beyond the negative effects of the outbreak.
On January 30, I wrote a column called “How to Play the Novel Coronavirus.”
In that piece, I pointed out that the virus was spreading rapidly and had already crippled China’s land, rail and air transport.
I noted that its spread would hurt retail sales, curtail tourism, diminish global GDP growth and disrupt the intricate cross-border supply lines of thousands of multinational corporations.
Yet I implored …read more […]
Major world stock indexes were little changed on Friday as investors further assessed the economic fallout of China’s coronavirus outbreak, while oil prices were on track for their first weekly gain since early January.
Health and Human Services Secretary Alex Azar discusses the impact of the coronavirus, and why he says China’s response must be “transparent and vigorous”. Yahoo Finance’s Anjalee Khemlani joins the On the Move panel to discuss the interview. …read more […]
A U.S. biotech company says it has created a coronavirus vaccine. Pennsylvania-based Inovio Pharmaceuticals’ San Diego lab made the discovery reportedly just hours after getting access to the virus’ genetic sequence last month. Inovio Pharmaceuticals CEO Dr. J Joseph Kim joins Yahoo Finance’s On the Move to discuss. …read more […]
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