American Airlines Inc and Delta Air Lines Inc on Thursday said they were capping fares for U.S.-bound flights from Europe, amid some reports of exorbitant pricing, as U.S. citizens flock to European airports trying to return home after new air travel restrictions ordered by U.S. President Donald Trump.
For three years, U.S. President Donald Trump has touted a stunning run-up in the stock market as evidence of his success in the White House. In the space of three weeks, most of those gains have evaporated.
Working from home went from optional to mandatory across Wall Street this week as financial firms reported their first confirmed cases of coronavirus and the outbreak triggered a state of emergency in New York City.
Amazon.com Inc on Thursday said it was recommending that employees globally work from home this month if they are able to do so, while necessary on-site staff such as warehouse workers would get up to two weeks' pay if quarantined because of the coronavirus.
Lew said the corporate tax cut created by the current administration should have put most large businesses in a strong cash position.
Panic hit world financial markets on Thursday after stimulus efforts from the European Central Bank failed to calm investors alarmed by U.S. moves to restrict travel from Europe because of the coronavirus pandemic.
Washington state on Thursday moved to formally repeal an aerospace tax break that benefited U.S. planemaker Boeing and avert looming European Union tariffs on U.S. goods.
France will authorize the use of some of Huawei's equipment in the rollout of its 5G network, two sources close to the matter told Reuters, despite U.S. calls to exclude the Chinese telecoms giant from the West's next-generation communications.
Slack Technologies Inc forecast lower-than-expected billings for fiscal 2021 on Thursday and saw its expenses soar in the fourth quarter, sending its shares down more than 20% aftermarket.
Gap Inc forecast 2020 profit above market expectations on Thursday as it pushes through its restructuring plan, but said it expected an impact of $100 million in first-quarter sales due to the fast-spreading coronavirus in Asia and Europe.
United Airlines Holdings Inc said on Thursday it will continue to fly its regular schedule from Europe to the United States through March 19 but is scaling back flights after that date.
Cuban said on "Halftime Report" that the market has not "hit a level that is really out of line."
New U.S. restrictions on Europeans entering the United States are fueling additional bookings for business jet flights, which were already in higher demand this year because of coronavirus, executives said on Thursday.
Growth in cloud business helped Oracle Corp top quarterly profit and revenue on Thursday and said the coronavirus will have "minimal impact" on the fourth-quarter revenue, which is usually skewed toward software licenses rather than hardware.
Workplace communication platform Slack Technologies Inc forecast a soft revenue outlook for the first quarter on Thursday, sending its shares down more than 20% aftermarket, on a day major U.S. stock indexes went into a tailspin amid coronavirus fears.