Wall Street suffered its biggest drop since the coronavirus crisis began, with the S&P 500 closing at the lowest level since December 2018 as investors fear the coronavirus pandemic is proving a tougher opponent than central banks, lawmakers or the White House are capable of battling.
There are millions of small and mid-sized businesses in the U.S. with 500 employees or less. If the SBA has $50 billion and makes $1 million emergency loans, it could help 50,000 firms.
Chesapeake Energy Corp , the oil and gas exploration and production company that helped spearhead the U.S. shale revolution, has tapped debt restructuring advisers amid a rout in energy prices, people familiar with the matter said on Monday.
Britain has asked manufacturers including Ford , Honda and Rolls Royce to help make health equipment including ventilators to cope with the coronavirus outbreak and will look at using hotels as hospitals.
Markets reeled on Monday, with stocks on Wall Street and the price of Brent crude tumbling more than 10%, as the Federal Reserve's second emergency rate cut in as many weeks failed to calm fears of a coronavirus-induced recession.
Closing the stock market amid the coronavirus pandemic might only amplify investors' anxieties.
Oaktree Capital co-founder Howard Marks said the sell-off has not been a "panic" but it might be time to buy.
JPMorgan Chase & Co said on Monday it had resolved an outage experienced on Thursday in its U.S. electronic trading platform on the same evening.
With state and local governments across the United States taking steps to contain the coronavirus spread, including requiring the closing of schools, restaurants and other meeting places, questions have begun to swirl on whether stock markets will shutter.
Wall Street suffered its biggest drop since 1987 on Monday, with the S&P 500 closing at its lowest level since December 2018, as investors fear the coronavirus pandemic is proving a tougher opponent than central banks, lawmakers or the White House are currently capable of battling.
British Prime Minister Boris Johnson said on Monday that people in Northern Ireland were being as well protected from the coronavirus outbreak as people just across the border in the Republic of Ireland, which has adopted more stringent measures.
British Prime Minister Boris Johnson said that the government has announced the most far-reaching measures the population has experienced in peacetime to slow the spread of coronavirus.
Carrefour began putting up protective barriers for cashiers in its French supermarkets on Monday, as it beefs up sanitary measures and looks to keep business flowing as France shuts down other sectors to fight the coronavirus outbreak.
U.S. gasoline refining margins fell a whopping 95% on Monday - even briefly turning negative - with the cost of gasoline plunging faster than crude oil in anticipation that coronavirus will keep people off the road and in their homes.
With the novel coronavirus causing Americans to stay home and avoid crowded spaces — such as motor vehicle departments — a least two states are asking the federal government to push off the Oct. 1 enforcement date for when passengers must present identification at airport security checkpoints that complies with "Real ID" requirements.