Global stocks resumed a steep slide on Wednesday while bond markets rushed to price in the sheer scale of government support programs and handouts announced over the past 24 hours, all aimed at softening the economic shock of coronavirus.
Danish toymaker Lego said on Wednesday it would close all of its stores, except for those in China, until at least March 27 due to the spread of coronavirus.
Yahoo Finance’s Emily McCormick joins Brian Sozzi to discuss various sectors, such as Fedex’s earnings report, General Mills reporting its earnings and the housing sector’s fall. …read more […]
Boeing Co fell another 20% in premarket trading as the planemaker called for a $60 billion bailout for aerospace manufacturers facing the pain of an extended collapse in global travel. “We’re just in panic mode here,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. Wall Street’s main indexes had bounced on Tuesday from a massive selloff a day earlier, as the Trump administration pressed for a $1 trillion stimulus package and the Federal Reserve relaunched a plan to purchase short-term corporate debt. …read more […]
NEW YORK/LONDON/SINGAPORE (Reuters) – Falling prices for crude oil are usually a good thing for global refiners – except when nobody is driving. Gasoline demand in the United States, the world’s largest oil consumer, is plunging. International flights are being grounded worldwide, slamming jet fuel demand. …read more […]
The coronavirus pandemic is sending the Dow and S&P; 500 spiraling lower. So what are some signs that the stock market plunge could end? …read more […]
Rolls-Royce motor cars said it would suspend production at its British plant for two weeks to ensure the health of its employees.
EasyJet launched an early sale on cut-price winter 2020-21 flights, even as the airline industry heads into a deepening coronavirus crisis that threatens to ground most of the British low-cost carrier’s planes.
Warren Buffett shares his thoughts about negative interest rates as Treasury yields slide to record lows. …read more […]
Australia and Taiwan joined governments offering financial aid to airlines as coronavirus and stricter travel controls forced carriers to deepen cuts to capacity and staffing.
The Belgian government held talks with representatives from the country’s airline and travel industries on Wednesday as they seek state support to help with their fight for survival in the face of the coronavirus pandemic.
Cash-strapped Chinese electric vehicle (EV) maker Nio Inc said on Wednesday there was substantial doubt in its ability to continue as a going concern.
The carmaker, seen as a challenger to Tesla Inc , has been hurt by dwindling demand and reduced government subsidies for electric vehicles in China, the world’s largest car market. Last month, it signed https://www.reuters.com/article/nio-funding-electric/update-1-chinese-ev-maker-nio-in-talks-with-hefei-on-funding-plants-idUSL3N2AP2L8 framework agreements with Hefei’s city government to raise more than 10 billion yuan and set up new manufacturing facilities. Vehicle sales in China fell 18% in January while sales of battery electric and other so-called new energy vehicles plunged 54.4%, preliminary data from the China Association of Automobile Manufacturers (CAAM) showed. …read more […]
“With your leadership, we can end this now. The rest of the world will follow your lead. A global Spring Break will save us all,” Ackman Tweeted. …read more […]
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