Traders are betting the Federal Reserve will deliver another, bigger reduction in borrowing costs at its mid-March policy meeting, as worries about the spread of the new coronavirus trumped data showing robust hiring by U.S. employers last month.
The world’s largest coffee chain Starbucks Corp has stopped accepting reusable cups from customers to prevent the spread of coronavirus, though it will still honor the promised discount for anyone carrying one.
State Bank of India , the country’s largest lender, will take a 49% stake in Yes Bank , the Reserve Bank of India (RBI) said late on Friday as it laid out a plan for the rescue of the troubled private lender.
OPEC’s plans for deep and prolonged oil cuts were derailed on Friday as non-OPEC Russia refused to support the move arguing that it was too early to predict the impact of a coronavirus outbreak on global energy demand, sources told Reuters.
The U.S. trade deficit narrowed more than expected in January as imports declined, and further decreases are likely as the coronavirus outbreak disrupts the flow of goods and services.
(Bloomberg) — The number of coronavirus cases globally exceeded 100,000 after more infections were reported in Europe and Iran revealed another spike. U.S. Secretary of State Mike Pompeo hit out at China, saying it was frustrating to work with the Communist Party.The rally in bonds gathered steam. Thirty-year Treasury yields plunged below 1.5% for the first time and yields on the 10-year fell to a record. European stocks hit a fresh low for the year and U.S. futures slumped, pointing to another day of losses.Key Developments:Sovereign bond yield collapse shows world in crisis modeSenior EU diplomats’ meeting canceled in BrusselsBofA …read more […]
At a face mask factory just outside the South Korean capital of Seoul, workers are churning out 300,000 masks a day – and it’s still not enough.
Business districts around the world began to empty and stock markets tumbled on Friday as the number of coronavirus infections neared 100,000 and the economic damage wrought by the outbreak intensified.
An Australian family is rolling in a much-coveted commodity after mistakenly ordering 48 boxes instead of 48 rolls of toilet paper online.
Traders of futures contracts tied to the Federal Reserve’s policy rate were betting Friday on another, even bigger reduction to borrowing costs at the U.S. central bank’s mid-March meeting.
Greece has confirmed 14 new cases of coronavirus infection, health authorities said on Friday, bringing the total in the country to 45.
A DoorDash IPO appears to be on the horizon. Investors are eager to see this unicorn hit the market. The stock market recently saw some of its biggest losses. And an IPO can test the market’s health.
Food delivery services aren’t new, but they are increasing in popularity. And now could be one of the best times for DoorDash to go public. Here’s what we know…
DoorDash IPO: The Company
DoorDash is a technology company. It provides food-delivery services. Through its app, customers order from local restaurants and fast-food chains. Drivers then deliver it to their door. It’s a gig economy company, meaning …read more […]
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