Donald Trump and Jerome Powell Getty Images President Donald Trump on Saturday doubled down on his criticism of the Federal Reserve and what he sees as its reluctance to lower interest rates in the midst of coronavirus fears and its potential impact on the American economy. “Our Fed should start being a leader,” Trump said […]
Tag: Breaking News: Business
Trump considering travel restrictions at US southern border over coronavirus
Cars line up to cross the US/Mexico border to San Diego at San Ysidro port of entry, in Tijuana, Baja California state, Mexico , on February 13, 2020. GUILLERMO ARIAS President Donald Trump on Saturday said his administration was also considering restrictions at the U.S.-Mexico border, after he authorized new restrictions on travel with Iran […]
Dow plunges 1,100, worst point drop in history, will Fed act?
This is a live blog. Check back for updates. 4:01 pm: Dow ends wild day down nearly 1,200 points The Dow tanked about 1,191 points, falling into correction territory, as coronavirus fears continued to drove investors away from risk assets. The 30-stock benchmark dropped 4.4% for its worst percentage day since Feb. 2018. On the […]
WHO warns failure to prepare for coronavirus now ‘could be a fatal mistake’
A San Francisco Public Works Community Clean volunteer wearing a face mask removes trash on a street in the Chinatown district of San Francisco, California, on Wednesday, Feb. 26, 2020. David Paul Morris | Bloomberg | Getty Images World Health Organization officials warned that member countries need to prepare for their first COVID-19 cases after […]
How Wendy’s used its past mistakes to craft a better breakfast menu
DUBLIN, OHIO — As Wendy’s readies itself to launch breakfast nationwide March 2, the chain is preparing to go head-to-head against rivals like McDonald’s with a menu touting its quality. Three prior attempts to serve breakfast nationally over the last three decades failed to take hold. This time around, Wendy’s worked with franchisees to construct […]
Dow 2-day drop totals 1,910, Kudlow doesn’t help, Cramer stays away
This is a live blog. Check back for updates A trader works at the New York Stock Exchange in New York, the United States, on Feb. 24, 2020. Photo by Wang Ying | Xinhua | Getty 4:01 pm: Dow drops 3%, bringing 2-day point loss to 1,910 Major averages slid on Tuesday, accelerating Monday’s sharp […]
Dow futures bounce as market attempts to recover from worst drop in 2 years
U.S. stock index futures pointed to slight gains on Tuesday following the market’s worst decline in two years on concerns the coronavirus outbreak would dent global economic growth. As of 8:28 a.m. ET, Dow Jones Industrial Average futures were up 120 points, indicating a gain of 142 points at the open. S&P 500 and Nasdaq 100 futures […]
Turkey closes Iran border due to outbreak
People wear masks after deaths and new confirmed cases revealed from the coronavirus in Tehran, Iran on February 21, 2020. Anadolu Agency All times are U.S. Eastern Time. 3:48 pm: Austria halts train traffic with Italy Austria has halted train traffic with its southern neighbor amid concern that two passengers on an in-bound train from […]
New coronavirus cases in Iran, Italy fuel concerns disease cannot be contained
Tourists wearing protective masks walk past the Colosseum, after two cases of coronavirus were confirmed in Italy, in Rome, January 31, 2020. Remo Casilli | Reuters Localized outbreaks of the new coronavirus outside of China are fueling concerns among infectious disease experts and scientists that the virus is spreading too quickly and may be past […]
Coronavirus flight cancellations top 200,000, sending jet-fuel lower
A health worker sprays disinfectant inside a Vietnam Airlines airplane to protect from the recent coronavirus outbreak, at Noi Bai airport in Hanoi, Vietnam February 21, 2020. Kham | Reuters Airlines have canceled more than 200,000 flights as the coronavirus continues to spread, prompting travel restrictions and a sharp drop in demand for trips to […]
