The U.S. central bank will move to reduce borrowing costs as soon as next month to cushion the world's biggest economy from the impact of the coronavirus, traders of futures contracts tied to the Federal Reserve's policy rate are now betting.
Researchers at a travel insurance comparison site report a 60% jump in policies sold since the coronavirus outbreak. But before buying trip insurance, read the fine print.
The U.S. economy grew moderately in the fourth quarter, the government confirmed on Thursday, and is facing a bumpy road in early 2020 amid the fast-spreading deadly coronavirus that has roiled financial markets.
Futures indicated that the Dow Jones Industrials index would shed more than 300 points at the open on Thursday after the rapid spread of the coronavirus outside China deepened worries about growth and corporate earnings.
Oil prices plunged more than 4% on Thursday, down for a fifth day to their lowest since January 2019 as more new coronavirus cases outside China fed fears of a pandemic that could slow the global economy and dent demand for crude.
Citroen, one of French carmaker PSA's brands, unveiled a mini electric car on Thursday aimed at young city dwellers.
The U.S. central bank will move aggressively to cut borrowing costs as soon as next month, trimming an extraordinary three-fourths of a percentage point by mid-year to cushion the world's biggest economy from the impact of the coronavirus, traders of futures contracts tied to the Federal Reserve's policy rate are now betting.
Oil prices are getting whacked as investors fear that the coronavirus outbreak will lead to steep demand reductions for crude.
Wall Street's main indexes fell for the sixth straight session and slipped into correction territory on Thursday, as the rapid spread of the coronavirus outside China intensified fears about the hit to economic growth and corporate earnings.
The South African unit of cigarette maker Philip Morris International Inc welcomed the government's decision to introduce a lower excise tax on heated tobacco products than on regular cigarettes.
Shares of Microsoft Corp fell more than 4% on Thursday after the company warned of weakness in PC business due to a hit to its supply chain from the coronavirus outbreak, echoing similar statements from Apple Inc and HP .
SoftBank-backed food delivery startup DoorDash said on Thursday it had confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission.
Researchers at a travel insurance comparison site report a 60% jump in policies sold since the coronavirus outbreak. But before buying trip insurance, read the fine print.
The board of Telecom Italia (TIM) met on Thursday to discuss proposals by U.S. investment firm KKR for a broadband investment in the country as the government pushes for a unified ultra-fast network.
In the face of a global health emergency, a growing number of university study abroad programs are sending students home immediately. A few are staying open — for now.