The U.S. trade deficit narrowed more than expected in January as imports declined, and further decreases are likely as the coronavirus outbreak disrupts the flow of goods and services.
(Bloomberg) — The number of coronavirus cases globally exceeded 100,000 after more infections were reported in Europe and Iran revealed another spike. U.S. Secretary of State Mike Pompeo hit out at China, saying it was frustrating to work with the Communist Party.The rally in bonds gathered steam. Thirty-year Treasury yields plunged below 1.5% for the first time and yields on the 10-year fell to a record. European stocks hit a fresh low for the year and U.S. futures slumped, pointing to another day of losses.Key Developments:Sovereign bond yield collapse shows world in crisis modeSenior EU diplomats’ meeting canceled in BrusselsBofA …read more […]
At a face mask factory just outside the South Korean capital of Seoul, workers are churning out 300,000 masks a day – and it’s still not enough.
Business districts around the world began to empty and stock markets tumbled on Friday as the number of coronavirus infections neared 100,000 and the economic damage wrought by the outbreak intensified.
An Australian family is rolling in a much-coveted commodity after mistakenly ordering 48 boxes instead of 48 rolls of toilet paper online.
Traders of futures contracts tied to the Federal Reserve’s policy rate were betting Friday on another, even bigger reduction to borrowing costs at the U.S. central bank’s mid-March meeting.
Greece has confirmed 14 new cases of coronavirus infection, health authorities said on Friday, bringing the total in the country to 45.
A DoorDash IPO appears to be on the horizon. Investors are eager to see this unicorn hit the market. The stock market recently saw some of its biggest losses. And an IPO can test the market’s health.
Food delivery services aren’t new, but they are increasing in popularity. And now could be one of the best times for DoorDash to go public. Here’s what we know…
DoorDash IPO: The Company
DoorDash is a technology company. It provides food-delivery services. Through its app, customers order from local restaurants and fast-food chains. Drivers then deliver it to their door. It’s a gig economy company, meaning …read more […]
Headlines moving the stock market in real time. …read more […]
(This March 5 story corrects Reuters instrument code for 10-year U.S. Treasury in paragraph 14 to “US10YT=RR”, from “US10YR=RR”)
Nissan is pushing on with plans to build its new Qashqai sports utility vehicle at its British factory despite warnings over Brexit, announcing on Friday a 52-million pound investment in a new press line at the site.
Oil prices slid more than 4% on Friday to their lowest since July 2017 after Reuters reported that Russia will not agree to steeper oil output cuts by OPEC and its allies to support prices.
Tesla Inc has secured Chinese government approval to sell longer-range China-made model 3 vehicles in China, the Ministry of Industry and Information Technology said on Friday.
Tesla Inc has secured Chinese government approval to sell longer-range China-made model 3 vehicles in China, the Ministry of Industry and Information Technology said on Friday. The vehicles will have a driving range of more than 600 kilometers before they need to be recharged, the ministry said in a statement, while the current China-made Model 3 has a standard driving range of more than 400 kilometers. Tesla started delivering cars in December from its $2 billion factory in Shanghai. …read more […]
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