Shoppers lined up in throngs at Costco stores across the country this weekend, stocking up on cases of water, trail mix, paper towels and other essentials in bulk, amid the deadly coronavirus outbreak.
"If you are a long-term investor, I would wait," economist Mohamed El-Erian said. "If you're a short-term tactical investor, there's a lot of opportunities out there."
Apple Inc has agreed to pay up to $500 million to settle litigation accusing it of quietly slowing down older iPhones as it launched new models, to induce owners to buy replacement phones or batteries.
"Jack was first and foremost about talent and the team, and he had a deep passion for winning, and those are very much values that we embody today," General Electric CEO Larry Culp told CNBC.
The European Central Bank has become the latest to hint at monetary policy action in a bid to mitigate the potential economic fallout from the coronavirus outbreak.
World Health Organization officials are holding a press conference Monday to update the public on the coronavirus outbreak, which has infected more that 89,100 people and killed at least 3,040 across the world.