The COVID-19 outbreak appears headed for the U.S., and the Centers for Disease Control and Prevention are urging Americans to prepare now, such as by stocking up on food and prescription drugs. But since the U.S. economy and its workforce are also at risk of getting sick — a concernRead More →
Getty Images Massive disruptions in China’s economy cause by COVID-19 are cascading throughout the rest of the world, including the United States. The numbers: Most U.S. manufacturers said business began to slow to a crawl in February as supply bottlenecks tied to the coronavirus impaired their ability to get parts,Read More →
U.S. stock market futures rallied from steep initial losses late Sunday, suggesting a pause to the selloff when trading begins Monday, following the worst week on Wall Street since 2008. Dow Jones Industrial Average futures YM00, +0.39% initially fell more than 300 points, but reversed course and were last upRead More →
Elliott Management Corp. has nominated four directors to the board at Twitter Inc., according to a person familiar with the matter, setting the stage for a potential showdown between one of the most prolific and pugnacious activist hedge funds and the influential social-media company. Elliott has taken a roughly $1Read More →
Getty Images Joe Biden speaks at the University of South Carolina in Columbia, S.C., on Saturday night, after networks and the Associated Press projected him the winner of the South Carolina Democratic primary. Joe Biden decisively won South Carolina’s Democratic presidential primary on Saturday, according to projections, giving the formerRead More →
Calm down. That was the message from the World Health Organization’s director general, Dr. Tedros Adhanom Ghebreyesus on Sunday to global financial markets. Equity markets world-wide have lost $7 trillion since Feb. 19, as investors and analysts have grown increasingly alarmed over potential economic damage from the fast-growing coronavirus. “WeRead More →
The U.S. stock-market rally has unraveled, with a period of historic gains coming to a screeching halt, as fear that the coronavirus epidemic may reach America rattles Wall Street. The Dow Jones Industrial Average DJIA, -1.39% fell into correction on Thursday, widely defined as a drop of at least 10%,Read More →
Wendy’s Co. is known for its spicy Twitter feed, and the fast-food chain is turning up the heat on its competitors ahead of the launch of its breakfast menu. In the lead up, the company has taken aim at McDonald’s Corp. MCD, -2.79% and Burger King, a Restaurant Brands InternationalRead More →
A historic week for the stock market ended with a big, fat question mark: what will the government and the Federal Reserve do about the coronavirus outbreak that threatens to decimate the longest-running bull market on record? The infectious disease, Covid-19, which reportedly originated in Wuhan, China, late last year,Read More →
Getty Images The biggest decline on Wall Street since the financial panic a decade ago reflects the rising angst over whether the COVID-19 coronavirus can be contained. The U.S. is flying blind when it comes to the economy: recent indicators have been rendered useless by the COVID-19 epidemic and itsRead More →
Tech stocks aren’t the only things falling because of coronavirus fears — At least five tech conferences were canceled this week due to risks associated with COVID-19, including a large meeting of videogame developers. Late Friday afternoon, the annual Game Developers Conference, or GDC, was postponed after several important attendeesRead More →
A federal rule that could have helped protect health-care workers from coronavirus has been stuck in regulatory limbo since the start of the Trump administration. An Occupational Safety and Health Administration rule in the works since 2010 was designed to ensure that employers have in place comprehensive programs to protectRead More →
The breadth and intensity of this week’s coronavirus-fueled selloff in U.S. stocks has some analysts scratching their heads. Thomas Lee, founder of Fundstrat Global Advisors, may be one of the few to acknowledge that something isn’t right with a market that was just enjoying a record close days ago. “ThisRead More →
Investing lore has it that bond investors are the “smart money” since they know their way around financial statements. I’m not sure this is true. But if it is, bond guru Mark Vaselkik may qualify as one of the smarter investors around. He’s the chief investment officer for fixed incomeRead More →
U.S. stock futures fell sharply on Friday, a day after major benchmarks pushed into correction territory as investor fears heightened over just how much damage the fast-spreading coronavirus will wreak on the global economy. How are major benchmarks trading? Dow Jones Industrial Average futures YM00, -2.27% slid over 600 points,Read More →
AFP/Getty Images A plane carrying American passengers who were recently released from the Diamond Princess cruise ship in Japan, arrives at Travis Air Force Base in California on Feb. 16. WASHINGTON — A whistleblower alleges that some federal employees were sent to work at coronavirus quarantine locations in California withoutRead More →
The S&P 500 index flirted with a full-blown market correction Thursday, a move that would mark its fastest such slide since the financial crisis. The S&P 500 SPX, -2.22% was off around 64 points, or 2%, near 3,053 after trading as low as 3.006.96. A close below 3,047.54 would markRead More →
U.S. stock futures fell Wednesday night, after a news conference by President Donald Trump failed to reassure investors and as a new case of coronavirus with no known origin was discovered in California. Dow Jones Industrial Average futures YM00, -1.31% sank more than 300 points, and S&P 500 ES00,Read More →
Stock markets fell for third consecutive day Wednesday, following alarming news over the weekend that the coronavirus had spread much further than originally thought. Meanwhile, Treasury bonds TMUBMUSD10Y, -1.54%, Swiss francs FXF, -0.02%, and gold GLD, +0.44% — assets that generally attract investor interest in times of turmoil — rose.Read More →
The growing number of COVID-19 cases and deaths outside of Asia has put pressure on U.S. officials to more clearly articulate preparedness plans in an effort to ease American worries about the possibility of a pandemic. President Donald Trump tweeted Wednesday that he plans to hold a news conference onRead More →
Stock-index futures were slightly lower Wednesday after flipping between gains and losses as investors looked for a respite from a selling stampede that’s sent equities sharply lower over the past four days amid rising worries about the spread of COVID-19 outside of China. What are major indexes doing? Futures onRead More →
Dear Moneyist, My parents, who are now deceased, had a living trust with a provision for creation of a new trust that would allow my brother and I to share the income from that trust during our lifetimes. When we both die, the principal from that trust is to beRead More →
Kevin Muir of “The Macro Tourist” admits he’s typically an ursus arctos horribilis — grizzly bear — when it comes to the bond market, but, with stocks selling off hard, he can’t resist a trade he says is “setting up beautifully” in this climate. “I am aware that the virusRead More →
March will see the full integration of FX into Hulu, as well as a handful of high-profile new series. Following last year’s acquisition of Fox Entertainment assets by Walt Disney Co. DIS, -4.29% , Hulu will now be the exclusive streaming home to most FX shows, past and present. WhileRead More →
Stocks on Wall Street plunged Monday, but futures trading suggests a rebound — or a least a respite — on Tuesday. Dow Jones Industrial Average futures YM00, +0.61% rose more than 200 points on Tuesday, while S&P 500 futures ES00, +0.70% gained 0.8% and Nasdaq Composite futures NQ00, +0.98%Read More →
