“The coronavirus pandemic reminds us that for all our perceived differences, the things that matter most are universal: taking care of all the people who make our lives rich and meaningful,” says Nasdaq President and CEO Adena Friedman.
Given the dramatic market volatility of the past week or so, it was widely expected that the Federal Open Market Committee, or FOMC (the policy-making part of the Federal Reserve) would slash interest rates when it is scheduled to meet later this month.
(RTTNews) - The China stock market has finished lower in three straight sessions, sinking almost 110 points or 3.6 percent along the way. The Shanghai Composite Index now rests just beneath the 2,890-point plateau and it's likely in store for continued selling pressure on Monday
First there was steel. Then there was aluminium. Now titanium joins the list of metals found to be threatening the national security of the United States.
Brazil's economy can still grow by as much as 2.5% this year, Economy Minister Paulo Guedes said in an interview published on Sunday, as long as the country does not succumb to a "psychology of failure" amid the global coronavirus crisis.
The New Zealand dollar fell on Monday after an emergency rate cut by the country's central bank, while its Australian counterpart slipped on market talk of a possible surprise policy review to combat the fallout from the coronavirus pandemic.
(RTTNews) - The Taiwan stock market has fallen lower in three straight sessions, sinking almost 880 points or 8.6 percent along the way. The Taiwan Stock Exchange now rests just beneath the 10,130-point plateau and it's expected to open under pressure again on Monday.
Japan's core machinery orders unexpectedly rose in January, in a positive sign for business investment though worries remain about the economic outlook in light of the widening fallout from the coronavirus outbreak.
Australian hearing implant maker Cochlear Ltd scrapped its full year earnings forecast on Monday, citing delayed surgeries and lower sales due to the rapid spread of the coronavirus in Europe and the United States.
Australia's Healius Ltd on Monday turned down a A$2.12 billion ($1.31 billion) takeover offer from private equity firm Partners Group, saying it undervalued the medical centre operator.
European Union finance ministers plan to agree on Monday on a coordinated economic response to the coronavirus pandemic, with the European Commission forecasting the effects of the virus could push the EU into a recession.
Automakers General Motors, Ford Motor Co and Fiat Chrysler Automobiles (FCA) are forming a coronavirus task force along with the United Auto Workers (UAW) union to improve protections for their employees and limit the spread of the highly contagious virus.
U.S. stock index futures tumbled after resuming trading on Sunday after the U.S. Federal Reserve slashed rates back to near zero to help the global economy and investors digested the latest fallout from the escalating coronavirus pandemic.
Sneaker and athletic apparel giant Nike (NYSE: NKE) is closing all of its U.S. stores, as well as those in Western Europe, Canada, and Australia and New Zealand, starting Monday and continuing through March 27, CNBC reported Sunday morning.
Downer EDI Ltd said on Monday it suspended the search for a buyer for its mining servicing arm as the fast-spreading coronavirus wreaks havoc on markets, resulting in potential suitor Perenti Global Ltd suspending its interest.
It's been a brutal few weeks for investors. The longest bull market in history has come to a screeching halt -- and many investors' portfolios have been rocked. As of this writing, the market has officially slipped into bear-market territory, meaning it has declined 20% from rec
What happened
Biotech and biopharma stocks regained their footing last Friday after a historically brutal week. For instance, shares of AnaptysBio (NASDAQ: ANAB) closed up by 12.5% last Friday; bluebird bio (NASDAQ: BLUE) stock posted a modest 2.17% gain after dipping by as
In an interview published by GQ Magazine in early 2013, Netflix (NASDAQ: NFLX) Chief Content Officer Ted Sarandos said, "The goal is to become HBO faster than HBO can become us." Since then, Netflix has released a long string of prestige programming that's garnered dozens of Emm
With supermarkets stripped of food and many other essentials, consumer product companies halted factory runs of niche items such as scented bleach in order to speed up production of more basic merchandise that is in high demand.
French telecoms operators will exercise greater discipline allocating internet bandwidth from Monday as France braces for a surge in the number of people working from home, the industry lobby's chief said on Sunday.