(RTTNews) - Gold prices continued to slide on Wednesday after seeing mild upside as investors moved away from safe havens, betting on global economic stimulus efforts to battle the coronavirus outbreak.
Latin American stocks and currencies were sold off heavily on Wednesday after the World Health Organization classified the coronavirus outbreak as a pandemic, exacerbating fears of its hit to global growth.
What's happening
Shares of Stitch Fix (NASDAQ: SFIX) were down sharply for a second day after the company reported disappointing quarterly results and slashed its guidance for the full fiscal year. As of 2:30 p.m. EDT, Stitch Fix shares were down about 12.3% from Tuesday's clos
Xandr, the advertising division of AT&T (NYSE: T), announced on Wednesday that it is collaborating with Disney (NYSE: DIS), AMC Networks (NASDAQ: AMCX) and its sibling company WarnerMedia to enable advertisers to buy television commercials and better target the applicable au
Coffeehouse chain Starbucks (NASDAQ: SBUX) is the latest consumer-facing company to defend workers from the impact of the coronavirus outbreak. The organization announced on Wednesday it would offer up to 14 days of paid leave if they or anyone they regularly come in contact wit
What happened
Independent oil producer stocks are taking it on the chin once again. At this writing, a large group of independents is down 14% or more on March 11 in early-afternoon trading, tacking even more losses onto a horrendous 2020 that's seen the group lose more than two
(RTTNews) - The major European stock markets again were unable to hold early gains, shrugging off a firmly higher open on Wednesday to finish with mild losses.
Amazon.com (NASDAQ: AMZN) and privately held airport shop operator OTG announced today that the "just walk out" technology that has been featured in Amazon Go stores for the past two years will be coming to an airport near you. OTG said the system will debut at its CIBO Express
What happened
Shares of Textron (NYSE: TXT) traded down nearly 10% on Wednesday and are now down more than 38% over the past month. Markets are beginning to price in a U.S. recession, and there isn't a lot of interest in holding a company with exposure to a lot of cyclical indus
In afternoon trading on Wednesday, Energy stocks are the worst performing sector, showing a 8.0% loss. Within that group, Apache Corp (Symbol: APA) and TechnipFMC plc (Symbol: FTI) are two large stocks that are lagging, showing a loss of 19.4% and 16.1%, respectively. Among
In afternoon trading on Wednesday, Consumer Products stocks are the best performing sector, losing just 4.9%. Within the sector, Newell Brands Inc (Symbol: NWL) and Lamb Weston Holdings Inc (Symbol: LW) are two large stocks leading the way, showing a loss of 0.6% and 1.8%, re
What happened
Shares of casino stocks had a rough day on Wednesday as coronavirus fears hit the travel and entertainment industry hard. MGM Resorts International (NYSE: MGM) fell as much as 17.3%, Penn National Gaming (NASDAQ: PENN) dropped 12.1%, and International Game Techn
The Trump administration on Wednesday turned back to its pledge to fight high U.S. drug prices with a plan to limit the out-of-pocket cost for insulin, a life-saving medicine, to $35 per month for many people with diabetes who are enrolled in Medicare.
Given that Oracle will be one of the first companies to report on financial results for a period that includes February—when the coronavirus spread rapidly—the results will get extra attention.
What's happening
Shares of Canada Goose Holdings (NYSE: GOOS) are down sharply on Wednesday as analysts and investors grapple with the possibility of a widespread outbreak of the novel coronavirus in North America and Europe.
The dollar weakened and global equities markets slid again on Wednesday, with Wall Street sharply lower, as the previous day's high hopes of government stimulus to tackle the coronavirus soured on the hard reality of still little action.
What happened
Shares of TripAdvisor (NASDAQ: TRIP) have fallen today, down by 5% as of 12:20 p.m. EDT, amid continued market volatility related to the coronavirus. Travel-related companies have, not surprisingly, been hit the hardest in recent weeks, as the outbreak threatens to