Wall Street’s main indexes tumbled nearly 2% on Thursday and confirmed a correction that began last week, as the rapid spread of the coronavirus outside China intensified fears about the hit to economic growth and corporate earnings.
Starbucks Corp said on Thursday 85% of its stores in China were open, weeks after the coffee chain shut nearly half of its over 4,000 stores in the world’s second-largest economy due to the coronavirus outbreak.
In an effort to help prevent a shortage of medical supplies, Home Depot has announced it will be limiting the amount of masks a single person can buy. Yahoo Finance’s Melody Hahm joins the On The Move panel to discuss the details. …read more […]
The U.S. economy grew moderately in the fourth quarter, the government confirmed on Thursday, and is facing a bumpy road in early 2020 amid the fast-spreading deadly coronavirus that has roiled financial markets.
Contracts to buy previously owned U.S. homes rebounded in January to their second-highest monthly figure in about two years as low mortgage rates boosted sales.
Activist guru further reduces Pershing Square’s Chipotle position Continue reading… …read more […]
Wall Street’s main indexes tumbled on Thursday, putting them more than 10% below record highs set earlier this month and indicating that they then entered an intraday correction, as the rapid spread of the coronavirus globally deepened worries about growth and corporate earnings.
Wall Street’s main indexes fell for the sixth straight session and slipped into correction territory on Thursday, as the rapid spread of the coronavirus outside China intensified fears about the hit to economic growth and corporate earnings.
Starbucks operates 4,100 in China, it’s second largest market. …read more […]
Despite President Trump attempting to quell the fears of the coronavirus with the public, the markets are continuing their free-fall. Wealth Consulting Group CEO Jimmy Lee joins Yahoo Finance’s On the Move to discuss. …read more […]
COCP stock took off early this week and investors are keeping a close watch. However, why did this happen to begin with?
Cocrystal Pharma (Nasdaq: COCP) announced a licensing agreement with the Kansas State University Research Foundation (KSURF) for coronavirus drug candidates. With rising concerns over the virus, Cocrystal is looking to progress its research with preclinical and clinical testing.
Moreover, it announced an $11 million registered direct offering priced at-the-market. Several “institutional investors” are in agreement to purchase 8,461,540 shares of its common stock at a price of $1.30 per share. The direct offering expects to close on or around March …read more […]
The market selloff is escalating as fears regarding the coronavirus outbreak continue to impact stocks. However, Fross & Fross Wealth Management Co-Founder says that he expects the impact to be “short lived”. He joins Yahoo Finance’s On the Move panel to discuss. …read more […]
The pressure on the 10-year yield may just be getting started. …read more […]
Warren Buffett’s favorite economic indicator suggests that a correction is imminent Continue reading… …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
