Oil producers have embarked on a global round of price cuts and production boosts as part of a fight for market share, ignited by top exporters Saudi Arabia and Russia, that has wiped more than 40% off the international oil market this year.
(RTTNews) - The Taiwan stock market moved lower again on Wednesday, one session after it had snapped the two-day slide in which it had retreated almost 540 points or 5.2 percent. The Taiwan Stock Exchange now rests just above the 10,890-point plateau and it's tipped to open in t
President Donald Trump this week tried to get Treasury Secretary Steven Mnuchin to push Federal Reserve Chair Jerome Powell to do more to boost the economy and stem the stock market's decline, the Washington Post reported on Wednesday.
Innovative Industrial Properties (NYSE: IIPR) is opening its wallet to buy yet another property for its portfolio. The company announced Tuesday that it has acquired a 373,000 square foot parcel of land in Wimauma, Florida from Parallel, a marijuana company previously known as S
The euro held its nerve on Thursday, as markets wait to see how aggressively the European Central Bank will move to combat the coronavirus' economic shock, following emergency rate cuts in the U.S. and Britain.
Australia announced an A$17.63 billion ($11.41 billion) economic stimulus plan on Thursday that includes wage subsidies and cash payments for small businesses, to counter the impact of the coronavirus.
Global shares were set for a rocky ride on Thursday as investors tally the economic damage of coronavirus, a day after the U.S. Dow Jones industrials entered bear market territory and world health officials declared the virus a pandemic.
(RTTNews) - The Singapore stock market fell into the red again on Wednesday, one day after it had snapped the three-day losing streak in which it had plummeted more than 240 points or 8.4 percent. The Straits Times Index now rests just above the 2,780-point plateau and it's expe
German molecular testing company Qiagen said on Wednesday it was ramping up production of a chemical used in some coronavirus tests, after a report that shortages could disrupt testing in the United States.
Faced with the possibility of cruise passengers jumping ship from coronavirus fears, Carnival Corporation (NYSE: CCL) announced on Monday it's offering up to a $200 credit toward various services to customers who don't cancel their reservations. The incentive is available to peo
Mosaic Fertilizantes, a unit of Mosaic Co., sees Brazil's fertilizer demand growing by up to 3% this year as local farmers rush to buy soil nutrients in a key growth market where the firm is already a top producer.
Fears of a U.S. sales slowdown in auto showrooms due to the coronavirus outbreak that has spread globally are appearing in analysts' forecasts, but industry executives said the pandemic has yet to affect demand or factory production.
What happened
Several healthcare stocks tanked on Wednesday after the World Health Organization (WHO) officially declared the COVID-19 coronavirus disease a pandemic. Exact Sciences (NASDAQ: EXAS) shares closed down 10.9%, HealthEquity (NASDAQ: HQY) stock fell by 11.1%, and Se
What happened
The coronavirus is officially a pandemic now, and that fact wreaked havoc on the stock market today, with major indices falling 4.7% (the Nasdaq Composite), 4.9% (the S&P 500), even 5.9% (the Dow Jones Industrial Average).
Wednesday was a busy day for Harvest Health & Recreation (OTC: HRVSF). The vertically-integrated cannabis company announced in a press release that it had agreed to acquire a peer, and also announced the departure of Executive Chairman Jason Vedadi.
What happened?
Things are going from bad to worse for any company that is involved in retail, or anything that requires in-person human interaction. Retail and experiential stocks fell hard today on this afternoon's news of the World Health Organization's declaration that the CO