Federal Reserve rate cuts are ‘a possibility’ if the outbreak of coronavirus intensifies into a global pandemic with death rates approaching yearly flu outbreaks, St. Louis Federal Reserve bank president James Bullard said Friday, in the U.S. central bank’s most explicit assessment yet of how the epidemic is influencing its thinking.
U.S. stocks opened sharply lower on Friday as investors dumped equities amid a rapidly spreading coronavirus outbreak, which has raised fears of a possible global recession.
The last few trading days, which have seen some of the worst market losses of the 2000’s, bring up some serious questions for investors. The stock markets reached record-high level in recent weeks, raising concerns about bubbles. Are these sharp drops just a correction, as buyers cash in their profits? Or is the market reacting to the coronavirus outbreak, and the chance that a global pandemic won’t just disrupt trade and travel but also break the Chinese economy and spark a global recession?These are some of the questions on investors’ minds, and there may be no easy answers. So, it’s …read more […]
Rolls-Royce has got to grips with a long-running engine problem and enjoyed a strong end to 2019, leaving it well placed to cope with any disruption caused by the coronavirus outbreak, it said on Friday.
U.S. consumer spending rose less than expected in January, a loss of momentum that could be exacerbated by the rapidly spreading coronavirus, which has triggered a sharp stock market sell-off and revived fears of a recession.
U.S. stock indexes were set for another sharp fall at the open on Friday as the rapidly spreading coronavirus outbreak raised the alarm for a possible global recession.
The investors in Moderna, Inc.’s (NASDAQ:MRNA) will be rubbing their hands together with glee today, after the share… …read more […]
Coronavirus panic sent world share markets skidding again on Friday, putting them on course for their worst weekly fall since the 2008 global financial crisis, with almost $6 trillion wiped from their market value so far this week.
United Airlines said Friday it was cutting flights to Japan, South Korea and Singapore and extending flight cancellations to China in response to the coronavirus outbreak.
The coronavirus outbreak has been taking up its fair share of headline space, and rightly so. The virus first appeared in Wuhan, China, but large-scale outbreaks are now appearing in South Korea, Iran and Italy. While healthcare companies are working around the clock to develop a vaccine, the reality for now is harsh: a rapidly spreading virus is causing major disruptions to international travel and trade. China’s economy has already taken a serious hit, and even Apple has announced that its Q1 2020 results will suffer badly from the economic impact of the coronavirus. As a result, the S&P 500 …read more […]
There’s been a notable change in appetite for Lowe’s Companies, Inc. (NYSE:LOW) shares in the week since its yearly… …read more […]
We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On… …read more […]
It’s been a mediocre week for JPMorgan Chase & Co. (NYSE:JPM) shareholders, with the stock dropping 11% to US$121 in… …read more […]
A week ago, Ionis Pharmaceuticals, Inc. (NASDAQ:IONS) came out with a strong set of annual numbers that could… …read more […]
U.S. stock index futures dropped on Friday as a surge in coronavirus cases, which have already wiped nearly $3 trillion off stocks listed on the benchmark S&P 500 this week, triggered recession fears.
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