According to Reuters, the White House is exploring the draft a new aid package for airlines, which may include loans. Yahoo Finance’s Adam Shapiro breaks down the latest news. …read more […]
The stock market turmoil continues as investors assess the economic fallout from the coronavirus. …read more […]
Oil prices fell below $30 a barrel on Monday as the worldwide coronavirus outbreak worsened over the weekend, leading governments and businesses to shut down as the global economy appeared to be headed toward certain recession.
Markets reeled on Monday, with stocks on Wall Street and the price of Brent crude tumbling more than 10%, as the Federal Reserve’s second emergency rate cut in as many weeks to blunt the economic impact of the coronavirus failed to calm fears of a prolonged recession.
Brazilian airline Azul said on Monday it will cut all international flights out of its main hub in Sao Paulo state, while the country’s government is likely to roll out a relief package as the sector struggles with the coronavirus pandemic.
No president survives a recession. Trump won’t either. …read more […]
Boeing Co’s shares plunged another 20% on Monday, erasing all gains recorded during ousted CEO Dennis Muilenburg’s tenure, as the mounting economic fallout of the coronavirus pandemic added to uncertainty around the 737 MAX’s return to service.
After its surprise Sunday announcement, the Federal Reserve can still rely on forward guidance, further asset purchases, and other tools to combat the coronavirus. …read more […]
When the U.S. Federal Reserve cut interest rates to near zero on Sunday, the dollar fell, since the move blew away the yield on owning dollars and with it much of their attraction.
U.S. markets should stay open despite intense volatility, the head of the U.S. securities regulator said on Monday, quashing industry speculation that the government might shut down the country’s exchanges to stop a plunge in stock prices.
There is something everyone can do to combat the coronavirus’ spread: stay home. Along with proper hygiene, healthcare officials are urging people around the world to practice social distancing by staying home as much as possible and avoiding restaurants, bars, cinemas and other crowded places. This public health intervention could slow the virus’ transmission dramatically, which has now infected more people globally than within China for the first time since the outbreak began-Given the current volatile state of the market, fears related to the economic impact of social distancing have spiked. While it’s true these efforts have left the service …read more […]
Retailers have been closing stores around the globe to reduce the risk of transmission of the coronavirus, which has killed over 6,500 and infected more than 174,000 while disrupting supply and production chains.
Brent and U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China’s factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus.
The United States could begin purchasing U.S. produced crude oil for the Strategic Petroleum Reserve as soon as two weeks from now, and fill it in several months, an Energy Department source said on Monday.
Deutsche Bank Securities Chief Economist Torsten Slok joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to break down the high volatility in the markets amid the coronavirus outbreak and what investors should be looking for as they invest. …read more […]
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