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The full impact of the coronavirus outbreak on Australia's economy was still uncertain but the combined effect of fiscal and monetary policy will help the country navigate through this difficult period, a top central banker said on Wednesday.

Australia is expected to unveil a A$2.4 billion ($1.56 billion) health package on Wednesday to combat the spread of the coronavirus in the country, The Australian newspaper said in a report.

U.S. hotel operator Hilton Worldwide Holdings Inc said on Tuesday it was withdrawing its 2020 financial outlook, citing a demand slump as a result of the coronavirus outbreak.

RB Leipzig's Marcel Sabitzer scored two early goals as they eased past last year's finalists Tottenham Hotspur 3-0 in their Champions League last 16 second leg on Tuesday to reach their first quarter-finals by 4-0 on aggregate.

Fincantieri risks an EU antitrust veto against its bid for Chantiers de l'Atlantique because of the difficulty of addressing regulators' concerns, people familiar with the matter said, in what would be a setback to Italy's industrial ambitions.

Johnson & Johnson (NYSE: JNJ) partner Legend Biotech is planning for a U.S. initial public offering. The company, which is owned by the Hong Kong-listed GenScript Biotech, has submitted a draft registration proposal to the U.S. Securities Exchange Commission (SEC), laying do

In the latest trading session, Restoration Hardware (RH) closed at $146.07, marking a -1.16% move from the previous day. This move lagged the S&P 500's daily gain of 4.94%. Elsewhere, the Dow gained 4.89%, while the tech-heavy Nasdaq added 4.95%.

Sallie Mae (SLM) closed the most recent trading day at $9.54, moving +1.92% from the previous trading session. This change lagged the S&P 500's 4.94% gain on the day. Meanwhile, the Dow gained 4.89%, and the Nasdaq, a tech-heavy index, added 4.95%.

ViiV Healthcare, the joint venture set up a few years ago by Pfizer (NYSE: PFE), GlaxoSmithKline (NYSE: GSK), and the Japanese drugmaker Shionogi, is moving toward having an HIV treatment that can be dosed monthly -- or even less frequently.

After a disastrous Monday, the Dow turned in an over 1,000-point rally today, as Wall Street recouped some of the historical losses suffered in the previous session. It was an incredibly volatile session, with the blue-chip index trading as much as 160 points lower at its ses

In trading on Tuesday, shares of Ryanair Holdings plc (Symbol: RYAAY) crossed above their 200 day moving average of $73.79, changing hands as high as $73.96 per share. Ryanair Holdings plc shares are currently trading up about 8.2% on the day. The chart below shows the one y

Image source: The Motley Fool.

Image source: The Motley Fool.

What happened After a historic crash came the bounceback.

Wall Street roared back to life on Tuesday, rebounding from the brink of bear market confirmation as bargain-hunting and hopes of government stimulus calmed investors' fears surrounding the coronavirus and growing signs of imminent recession.

What happened Oil prices are snapping back today following yesterday's historic sell-off. Crude closed more than 10% higher on the day, fueled in part by a rash of spending cuts across the oil sector. 

(RTTNews) - Following the worst day on Wall Street since the 2008 financial crisis, stocks showed wild swings over the course of the trading session on Tuesday before eventually finishing the day sharply higher.

What happened Shares of JetBlue Airways (NASDAQ: JBLU) climbed nearly 10% on renewed investor confidence that airline stocks can weather a COVID-19 coronavirus-induced travel slump. Many of JetBlue's larger rivals are following that company's lead and bringing down capacity, le

What happened Shares of Lowe's (NYSE: LOW) were moving higher today as the home-improvement retailer caught a tailwind from the rebound in the broader market on hopes for a federal stimulus. Lowe's also revealed that CEO Marvin Ellison bought about $1 million worth of company