U.S. stock index futures indicated a lower open on Tuesday after a statement by the G-7 failed to assuage investor concerns over how the biggest global economies will curb the economic impact of the coronavirus. Futures also pointed to declines after a report said a New York City high school was closed due to a […]
Tag: business news
DAZN’s John Skipper announces international expansion and pursuit of NFL rights
DAZN CEO John Skipper is making a big move to take on ESPN+, which he ran until 2017. Skipper announced Monday that the streaming sports service will expand to more than 200 markets around the world ahead of a May 2 boxing match with Canelo Álvarez. This expansion will enable DAZN build on what Skipper […]
Dow roars back from coronavirus sell-off with biggest gain since 2009, surges 5.1%
Stocks rose sharply in volatile trading on Monday, with the Dow Jones Industrial Average posting its best day in more than a decade as Wall Street regained a big chunk of their losses from last week’s massive sell-off. The Dow closed 1,293.96 points higher, or 5.1%, at 26,703.32. The move on a percentage basis was the Dow’s biggest […]
New York City confirms first case, Europe raises risk level
A person wears a face mask as a precaution against coronavirus in New York, March 2, 2020. Tayfun Coskun | Anadolu Agency | Getty Images This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 89,100 Total deaths: At least 3,040 9:52 am: New […]
Dow futures down 200, traders search for the bottom
Traders work during the opening bell at the New York Stock Exchange on February 27, 2020. Johannes Eisele | AFP | Getty Images 8:28 am: 10-year yield could go to 0.75%, strategist says The U.S. Treasury 10-year yield could fall further into record-low territory and eventually reach 0.75%, stratetgist Komal Sri-Kumar said. “Usually, when the yield […]
Wall Street sees chance of interest rates falling to zero by summer
With the Federal Reserve expected to act soon in response to the coronavirus scare, there’s a chance that the central bank could take policy back to where it was during the financial crisis. Goldman Sachs economists said Sunday they see the Fed cutting rates by 50 basis points by its March meeting or sooner, and […]
Pete Buttigieg drops out of the 2020 Democratic presidential primary
Democratic presidential hopeful former Mayor of South Bend, Indiana, Pete Buttigieg speaks during a rally in Columbia, South Carolina, on February 28, 2020. Jim Watson | AFP | Getty Images Pete Buttigieg exited the 2020 Democrat presidential race, ending an unlikely bid that saw a gay small-town mayor overpower governors and senators in the fight […]
Tech company Sparta Science combats NFL injuries with AI
One of Sparta Science’s test include a jumping exercise which allows the company to identify soft tissue problems usually blamed for hamstring injures in sports. Source: Spart Science In a data-driven world, technology companies are playing a vital role for the National Football League especially at the Scouting Combine. One of those companies, Sparta Science, […]
Top economist Ed Hyman sees zero US growth next two quarters
Ed Hyman, a widely followed economist on Wall Street, said the coronavirus outbreak could end up causing a recession in the U.S. and slashed his U.S. GDP forecast to zero growth in the second and third quarters of this year “More cases are showing up in the U.S. and seem likely to be just the […]
Australia, Thailand and US report first deaths over weekend
People wearing face masks walk on the promenade of the Bund along the Huangpu River in Shanghai on February 28, 2020. Hector Retamal | AFP | Getty Images 10:00 am: Pence says stock market will recover Vice President Mike Pence is confident the stock market’s weakness last week will recover. “This economy and particularly the stock […]
