The S&P 500 and the Nasdaq edged lower on Friday as concerns about an economic hit from the coronavirus outbreak outweighed a boost from Nvidia shares after the chipmaker’s upbeat outlook.
Yahoo Finance is maintaining a working list companies that have been affected by the outbreak, and are expected to feel the effects through the first half of the year. …read more […]
Amazon and Walmart’s Flipkart are among online retailers demanding that India scale back a proposed tax on third-party sellers on their platforms, saying the burden of compliance will hurt the fledgling industry, according to a document seen by Reuters.
Google on Friday attacked what it called an eye-catching 2.4 billion euro ($2.6 billion) EU antitrust fine, prompting a judge to ask how a rich company can miss a relatively paltry amount.
Oil prices rose on Friday, on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown.
Venezuela’s state energy firm PDVSA has been shipping more oil this month to close ally Cuba, as tighter U.S. sanctions have worsened fuel shortages on the Caribbean island, according to sources and internal company documents seen by Reuters.
Investors are edging back into emerging markets, even though worries about the coronavirus’s impact on global economic growth have clouded prospects for the boom-and-bust asset class.
U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities and Boeing Co cut production of civilian aircraft, the Federal Reserve said on Friday.
United Airlines Holdings Inc said on Friday it is extending the cancellation of Boeing 737 MAX flights until Sept. 4, a fresh delay that comes as sources told Reuters that the timing of a key certification flight may not happen until at least April.
Canada’s biggest cannabis producer, Canopy Growth Corp , is conducting a “thorough strategic review” of its production facilities to focus on its most lucrative markets and product lines, company executives said on Friday.
NEW YORK/BENGALURU (Reuters) – The rapid spread of the coronavirus disease is taking a toll on the $46 billion global ocean cruise industry. Dominated by three U.S.-listed companies, Carnival Corp, Royal Caribbean Cruises Ltd and Norwegian Cruise Line Holdings, the industry is under sharp scrutiny following the virus outbreak that has left one ship quarantined in Asia. Many see Asia as a potential growth area for cruise tourism: 39 cruise brands were active in Asian waters last year, deploying a total of 79 ships, according to trade group Cruise Lines International Association. …read more […]
$165 billion hedge fund buys the same major banks as Warren Buffett in final quarter of 2019 Continue reading… …read more […]
China’s viral outbreak set a grim new record on Friday, with official data showing over 64,000 coronavirus cases and a death toll of nearly 1,400. …read more […]
The S&P 500 and the Nasdaq edged higher on Friday, supported by Nvidia shares after its upbeat outlook, but concerns about an economic hit from the coronavirus outbreak limited gains.
As metropolitan areas continue to see a rise to the cost of living, more people are migrating elsewhere. Curbed Senior Reporter Patrick Sisson joins On the Move to break down the best cities to relocate to. …read more […]
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