Oil prices plunged after OPEC's failure to strike a deal with its allies regarding production cuts caused Saudi Arabia to slash its prices as it reportedly gets set to ramp up production, leading to fears of an all-out price war.
Trader Joe's brings in billions of dollars by carefully pruning its business strategy to inspire evangelism among its customers. Here are some of the ways Trader Joe's gets people hooked.
Concerns over coronavirus have roiled markets and torched hundreds of billions in paper wealth from the world's billionaires over the past month. But last night's declines could be the largest overnight wealth loss in nearly a decade.
"Now that the virus has a foothold in so many countries, the threat of a pandemic has become very real," WHO Director-General Dr. Tedros Adhanom Ghebreyesus told reporters on a conference call Monday.
The fear of coronavirus and its impact on global supply chains has led to significant spikes in sales of sanitation products — including hand sanitizer. In a press conference Monday, New York Governor Andrew Cuomo announced that New York State has 142 confirmed cases of coronavirus and the state has developed its own line of hand sanitizer that is 75% alcohol and is producing 100,000 gallons per week.
The Centers for Disease Control and Prevention said Monday that it now has the testing capacity in 78 state and local public health labs across 50 states to test for the coronavirus.