The selloff in U.S. stocks deepened on Wednesday and the Dow was set to erase the last of its gains since U.S. President Donald Trump's 2017 inauguration, as the coronavirus pandemic threatened to bring U.S. economic activity to a halt.
The Detroit Three automakers will shut down their U.S. plants to stop the spread of coronavirus, bowing to pressure from the union representing about 150,000 hourly workers at those facilities, industry officials said.
General Motors Co and Mercedes Benz will furlough all employees in Brazil later this month, the companies said on Wednesday, suggesting that production in South America's main auto center will be heavily impacted by the coronavirus outbreak.
Borrowing costs in the United States, euro zone, Britain and Japan surged on Wednesday after two days in which governments across the globe announced trillions of dollars of spending to support locked-down economies frozen by the coronavirus.
Britain faces a "massive shortage" of ventilators that will be needed to treat critically ill patients suffering from coronavirus, after it failed to invest enough in intensive care equipment, a leading ventilator manufacturer said on Wednesday.
Brazil's antitrust watchdog on Wednesday dismissed allegations against a proposed takeover by Boeing Co of Embraer SA's commercial plane division, maintaining its approval of the deal.
German carmaker Audi AG said on Wednesday that it will suspend production at its plant in Mexico's Puebla state from March 23 through April 13 as the coronavirus hits global supply chains.
Textron Aviation, a unit of Textron Inc , announced furloughs for most of its U.S.-based workforce on Wednesday as concerns over depressed demand due to the spreading coronavirus ripples through global aviation.
As Wall Street extended its deep sell-off on Friday over fears about the coronavirus, the Dow Jones Industrial Average erased the last of the once sizeable gains it made under U.S. President Donald Trump.
U.S. stocks deepened their selloff on Wednesday and the Dow effectively erased the last of its gains since U.S. President Donald Trump's 2017 inauguration, as repercussions of the coronavirus pandemic threatened to cripple economic activity.
The Verge | Jay Peters | March 17, 2020 Update, March 18th 3:30PM ET: A group of Italian volunteers distributed 3D-printed versions of a vital medical device — but it’s unclear if the original manufacturer threatened a legal crackdown. As we reported earlier, Cristian Fracassi and Alessandro Romaioli used their 3D printer to create unofficial
Shares in U.S. airlines fell sharply on Wednesday after Washington proposed a rescue package of $50 billion in loans, but no grants as the industry had requested, to help address the financial impact from the deepening coronavirus crisis.
Jeweler Pandora A/S said on Wednesday it has temporarily closed all its physical owned- and operated-stores in Italy, Spain, France, Germany and the United States, among other places, in line with government guidelines amidst the coronavirus outbreak.
Royal Dutch Shell Plc will temporarily suspend construction activities on a multi-billion dollar ethane cracker being constructed along the Ohio River in Beaver County, Pennsylvania, amid concerns about coronavirus spreading, the company said in a statement late Wednesday.
JPMorgan Chase and Co will temporarily shut about 1,000 bank branches, roughly 20%, to protect employees and reduce the spread of the coronavirus, according to a memo the bank sent to employees Wednesday.