As virus-wary shoppers stayed home in the United States and Europe, apparel retailers braced for a blow to sales and a potential inventory glut. Some slashed orders at garment factories while others began discounting merchandise.
The main plant of Volkswagen AG’s Spanish unit Seat in Martorell near Barcelona will stop output on Monday for an unspecified time due to logistical problems linked to the coronavirus epidemic, a company spokesman said on Friday.
News about the further spread of the coronavirus points to the possibility of another volatile week, especially as policymakers scramble to catch up with the economic and social damage being inflicted by the virus. …read more […]
U.S. carrier AT&T Inc on Friday asked its employees to work from home amid rising fears of the coronavirus, joining a list of tech majors working to curb the spread.
Oil prices were on track for their worst week since the 2008 global financial crisis after the coronavirus outbreak rocked the world economy while top exporter Saudi Arabia and its allies stepped up plans to flood the market with record levels of supply.
Brent Cook publisher of Exploration Insights explains how to “Turn Rocks into Money” with junior mining stocks. Plus his outlook for gold, silver, copper and more (and current picks) Subscribe: https://explorationinsights.com/ SUBSCRIBE to our youtube […]
Several Renault-Nissan plants in Spain halted production temporarily on Friday or were planning stoppages next week due to a lack of parts amid the coronavirus epidemic, company officials said.
President Trump called an emergency meeting Friday; according to multiple reports, he is expected to declare a national emergency over coronavirus. Yahoo Finance’s Jessica Smith joined On The Move to discuss. …read more […]
The U.S. Federal Reserve is talking with lenders about potentially going easy on them if they deplete their liquidity reserves while trying to support customers hurt by coronavirus disruption, according to three people with knowledge of the discussions.
The Federal Communications Commission said Friday that major internet providers – including Comcast Corp, AT&T Inc and Verizon Communications Inc – agreed not to terminate service for subscribers for the next 60 days if they are unable to pay their bills due to disruptions caused by the coronavirus.
Elon Musk’s expected defense of a $2.2 billion deal in court was postponed on Friday from its expected Monday start, due to the coronavirus outbreak.
Dr. Howard Foreman, a professor at Yale School of Public Health, joins On The Move to discuss the spread of the coronavirus, leadership decisions to minimize the spread and what people can do to also minimize contact. …read more […]
As the coronavirus outbreak continues to escalate throughout the United States, Yahoo Finance’s Jared Blikre joins the On the Move panel to explain why the Fed may be more effective than people think. …read more […]
Yahoo Finance’s On The Move panel talks with Chris Campbell, Chief Strategist at Duff & Phelps, breaksdown what the Trump Administration’s call for an emergency means for the markets. …read more […]
The Federal Communications Commission (FCC) said Friday that major internet providers — including Comcast Corp, AT&T Inc and Verizon Communications Inc — have agreed to not terminate service for the next 60 days if they are unable to pay their bills due to the disruptions caused by the coronavirus.
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