Financial markets jumped substantially on Monday, recovering partially from the significant losses seen last week. The Dow Jones Industrial Average is up 1,294 points, or 5%, while the S&P 500 and the Nasdaq are up 4.6% and 4.5% respectively.
Alphabet Inc's Google has asked around 8,000 staff at its European headquarters in Dublin to work from home on Tuesday as a precaution after a staff-member reported flu-like symptoms.
Japan's Honda Motor Co Ltd said on Tuesday it will temporarily cut back local production due to difficulty in sourcing parts amid the coronavirus outbreak.
Cases diagnosed in countries other than China increased to 1,598 Monday from 1,160 new cases reported Sunday. The number of deaths in the U.S. climbed to six.
In this episode of Motley Fool Money, host Chris Hill is joined by analysts Jason Moser, Andy Cross, and Ron Gross to discuss some of the latest headlines from Wall Street. They take a closer look at the downturn facing the global economy. Bob Iger stepped down as the CEO of Di
Hyatt Hotels Corp said on Monday it was withdrawing its 2020 earnings outlook, as the coronavirus outbreak spreads across the globe, hurting travel demand.
What happened
Shares of Momenta Pharmaceuticals (NASDAQ: MNTA) jumped 10.8% on Monday as investors rushed to take advantage of last week's record market sell-off. The S&P 500 declined by double digits in the last week of February. Unfortunately, that coincided with the full-
Canada-based pot firm Tilray Inc reported a bigger quarterly loss on Monday, hurt by an impairment charge related to its assets and higher costs, as oversupply and other challenges weigh on the Canadian marijuana market.
What happened
Shares of Perspecta (NYSE: PRSP) fell 11% in February, according to data provided by S&P Global Market Intelligence, after the government IT contractor lost out on a major contract. The shares actually lost more than 16% after the contract was announced, but re
"Think of the basic intellectual dishonesty that comes when you start talking about adjusted EBITDA," said Charlie Munger earlier this month. "You're almost announcing you're a flake."
Analysts upgraded 41 stocks Monday and downgraded only 6, marking the most upgrades in one day over the past 30 days, according to data aggregated by Bloomberg and examined by Barron’s.
What happened
It's another wild day for stocks. Dow futures swung by over 1,000 points overnight, and were trading in the red this morning. The S&P 500 opened moderately higher before falling back to being unchanged and then surging to gains of close to 3% after noon on ho
Fears surrounding the coronavirus outbreak tanked global markets last week, as more companies started to formally warn investors about the financial toll the epidemic could take. That's especially true for tech multinationals that have supply chains concentrated in China and sur
ZURICH (Reuters Breakingviews) - The reward for successful American chief executives who retire is that they get to become chairman of the board. That’s what the bosses of Walt Disney and Mastercard did just last week. It may be nice for CEOs who don’t want to leave.