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US Federal Reserve cuts rates to zero to support economy during coronavirus…
In a bold, emergency action to support the economy during the coronavirus pandemic, the Federal Reserve on Sunday…
Apple temporarily shuts stores outside Greater China
Apple will close all stores outside of Greater China until March 27 to help stop the spread of coronavirus, Apple…
Bitcoin has lost 30% of its value this week
The price of one bitcoin (XBT) fell 3% in early morning trading to about $5,600 before recovering a bit. At one…
Global Airlines Face the Worst Demand Decline on Record
Globalization has been a boon for the airline industry, which has flourished as nations opened up to one another…
Airlines slash flights to cut costs as coronavirus hits travel demand
The crisis engulfing the airline industry deepened on Tuesday as carriers cancelled flights, withdrew earnings…
Dow tanks 2,300 in worst day since Black Monday, S&P 500 bear market
It was a historic day on Wall Street. The Dow plunged 10% for its worst day since Black Monday in 1987. The…
Oil price collapse sours $310-million deal for failed shale producer
A court-ordered sale of one-time shale high-flyer Alta Mesa Resources Inc fell through due to a lack of financing…
Trump suspends travel from Europe – except the United Kingdom
President Donald Trump announced on Wednesday that all travel from Europe, except for the United Kingdom, will be…
Global stocks plunge after Trump announces coronavirus response package
US stock futures and markets around the world slid late Wednesday night as concerns about the economic fallout from…
One standout number in Amazon’s financial report showcases a positive shift…
Amazon Web Services has been focused on signing up more large business customers in recent years, as it continues…
US stocks surged into the close to end a volatile session on Tuesday.
Sharp mid-day fluctuations came as investors weighed the possible timing of a government stimulus package…
John Boyega signs Netflix deal to produce West, East African movies
John Boyega, Nigerian-British actor, has signed a multi-year deal with Netflix, US media-services firm, to…
Dow rebounds 1,167 points a day after suffering worst plunge since financial…
US stocks surged into the close to end a volatile session on Tuesday.
Sharp mid-day fluctuations came as…
Coronavirus: £130bn wiped off FTSE 100 in minutes
The FTSE 100 has seen more than £130bn wiped from the value of its constituent companies within minutes, in a…
Oil prices plunge below $35, Saudi Arabia triggers price war
Saudi Arabia rattled the already depressed oil market to its foundation early Monday after unilaterally slashing…
Much worse than 2008 Global Financial Crisis?
The breathtaking volatility that has rocked the stock market for two weeks is rippling through other asset classes…
Saudis Plan Big Oil Output Hike, Beginning All-Out Price War
Saudi Arabia plans to increase oil output next month, looking to boost it well above 10 million barrels a day, as…
Aramco Drops Below IPO Price in Blow to Saudi Economic Plan
Saudi Aramco shares dropped below their IPO level for the first time as a looming price war in global crude…
The U.S. May Already Be in a Recession
Let’s just say it: The longest economic expansion in U.S. history may already be over, killed by Covid-19.
It…
Tech companies have canceled some high-profile conferences, causing an estimated…
Tech companies have canceled some high-profile conferences, causing an estimated economic loss of $666 million amid…
Traders Dust Off Old Disaster Hedge With Virus Fear Escalating
When markets are in turmoil, traders turn to their favourite hedges.
They’re going for a classic form of…
Gucci cancels fashion cruise due to rising coronavirus concerns
Fashion house, Gucci, has cancelled its Cruise 2021 show due to the ongoing Corona virus (covid-19) outbreak.…
Coronavirus: Fear returns to stock markets
Global stock markets have fallen sharply as investors continue to worry about the broader economic effects of the!-->…
What does Coronavirus outbreak mean for investors?
From Wuhan, one of China’s most populous cities, the 2019 novel Coronavirus (2019-nCoV) has now spread to 74 more…
US markets in sharp drop amid rollercoaster over coronavirus
US stock markets closed sharply lower again on Thursday as fears about fallout from the virus outbreak sent more…
Embattled Twitter chief Dorsey reconsiders Africa move amid coronavirus concerns
Twitter Inc (TWTR.N) Chief Executive Officer Jack Dorsey said on Thursday he is reconsidering a proposed stint in…
OPEC seeks big oil cut in crunch talks with Russia amid virus outbreak
OPEC holds crunch talks with its allies on Friday after the group told Russia and others it wanted an additional…
FX intervention pressure mounts on Brazil central bank to sell dollar reserves
Brazil’s currency is weakening so quickly the central bank may soon be forced to set aside its free-market…
IMF: coronavirus means 2020 growth will be lower than 2019
The International Monetary Fund is to offer $50bn (£39bn) in emergency funding for countries hit by the…
Next Bank of England governor calls for funds for coronavirus-hit firms
The incoming governor of the Bank of England, Andrew Bailey, has called on the government to offer emergency…