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Apple sells fewer than 500,000 smartphones in China in February amid coronavirus

Apple sold fewer than half a million smartphones in China in February, government data showed on Monday, as the coronavirus outbreak halved demand for all such devices. China placed curbs on travel and asked residents to avoid public places in late January, just ahead of the Lunar New Year festival, a major gift-giving holiday. In total, mobile phone brands shipped a total of 6.34 million devices in February, down 54.7% from 14 million in the same month last year, data from the China Academy of Information and Communications Technology showed (CAICT). …read more […]

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U.S. Treasury yields hit new lows, set for biggest falls in years

U.S. 10-year Treasury yields slid to new record lows on Monday and were set for their biggest one-day fall in almost a decade, as coronavirus panic gripped world markets and stoked fears that the world economy is headed for a recession. The U.S. 10-year Treasury yield fell to as low as 0.318%. It was last down 22 basis points on the day and set for its biggest daily fall since 2011 – when a sovereign debt crisis ragged across the euro zone. …read more […]

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Former First Lady Barbara Bush’s unforgettable ‘pearls of wisdom’

Former First Lady Barbara Bush was famous handing out sound advice. In this episode of ‘Yahoo Finance Presents’, daughter Doro Bush Koch and Jean Becker, longtime chief of staff to President George H.W. Bush, sit down with Sibile Marcellus to share some of Barbara Bush’s best insights, gathered in the new book ‘Pearls of Wisdom’. …read more […]

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Perfect Storm Plunges Asia Stocks Into Bear Markets One by One

(Bloomberg) — A war for oil market share in a world battling a deadly epidemic is proving to be a nightmare for equities. And in Asia, they’re succumbing to bear markets one by one.Shares in Japan, the Philippines, Singapore and Indonesia have plunged more than 20% from their highs, while those in Australia are nearly there and Hong Kong stocks are less than 3% away. The Lehman-like panic after Monday’s crash in oil prices added to the grim backdrop of the virus outbreak that has infected almost 110,000 people worldwide and killed more than 3,800.“No one can price risk now, …read more […]