The stock market is going through its first bear market in more than a decade, and investors have felt the pinch in their portfolios. Even Warren Buffett hasn't been immune from the economic impacts of the coronavirus pandemic, as his Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.
COVID-19 has spurred an economic crisis as well as a health-related one. To help address the former, in late March, a $2 trillion economic stimulus package was signed into law that includes, among other provisions, a one-time $1,200 payment for eligible Americans whose income fa
Shares of Tesla (NASDAQ: TSLA) have been surging again. After skyrocketing to an all-time high of about $969 earlier this year, the electric-car maker's stock cratered along with the broader market during the coronavirus sell-off. Shares fell to around $360. But the stock has be
Saudi Aramco has offered oil refineries in Asia and Europe the option to defer payments for crude cargo deliveries by up to 90 days as plants struggle with shrinking demand, refining industry sources said.
The European Union's next long-term budget will raise funds to sponsor economic recovery after the coronavirus pandemic, the heads of the bloc's Brussels-based institutions said on Wednesday.
(RTTNews) - Asian stocks fell broadly on Wednesday after the International Monetary Fund (IMF) said the global economy will likely contract by about 3 percent in 2020 amid the spread of the coronavirus, officially known as Covid-19.
Credit Suisse has lost a bid to block an auditor appointed by Switzerland's financial supervisor as part of its probe into the bank's spying scandal, court documents show, with judges ruling the Swiss bank's objections were unfounded.
Most Gulf indexes slipped on Wednesday due to a warning that the global economic downturn could be at its worst since the Great Depression of the 1930s, underlining the economic damage already done by COVID-19.
Taiwan waded into the hotly contested politics of the Pacific on Wednesday, donating face masks and thermal cameras to its four diplomatic allies there to combat the coronavirus in a region where China is challenging traditional power the United States.
(RTTNews) - Social networking giant Facebook (FB) has been trading higher after its shares touched 52-week low of $137.1 on March 18. The stock has gained nearly 30% in less than a month. FB recorded a 52-week high of $224.2 on January 29 this year.
India has agreed to sell hydroxychloroquine tablets to Malaysia for use in the treatment of COVID-19 patients, a Malaysian minister told Reuters on Wednesday, with New Delhi partially lifting its bar on exports of the anti-malarial drug.
Online gambling firm 888 Holdings on Wednesday flagged growing risks of gambling-related harm as more stuck-at-home Europeans bet online amid nationwide lockdowns to curb the spread of the coronavirus.
British asset manager Jupiter Fund Management said on Wednesday its assets under management fell 18.3% in the quarter to end-March as fears over the coronavirus pandemic rattled financial markets.
French car hire company Europcar said on Wednesday that it had secured new financing lines guaranteed by the Spanish state, and added it was still working on getting additional financing aid from the French government.
Dutch navigation and digital mapping company TomTom said on Wednesday it expected a negative free cash flow this year and lower revenues from its automotive and consumer businesses because of the coronavirus pandemic.
Australia sold a record A$13 billion ($8.3 billion) of sovereign bonds on Wednesday as the government boosts its spending to shield the economy from a deep coronavirus-driven recession.
Most activist shareholders have refrained from challenging the boards of U.S. companies during this season of annual shareholder meetings, as businesses reel from the economic fallout of the coronavirus outbreak.
Kareem Abdul-Jabbar is often overlooked in the debate over who is the greatest NBA player of all time as names like Michael Jordan, Wilt Chamberlain, Bill Russell, LeBron James and Kobe Bryant dominate the discussion.
Cash-strapped Chinese conglomerate HNA Group scrambled to placate investors angered by a last-minute notice of a plan to negotiate a one-year debt moratorium for $163 million of its bonds.
Japanese government bond prices dipped on Wednesday and 20-year bond yield hit a 10-month high, as investors stayed on the sidelines due to uncertainties about the global economic outlook.