Traders work before the opening bell at the New York Stock Exchange (NYSE) on November 14, 2019 in New York City. Global economic worries on Thursday caused Wall Street to retreat from record highs following sour economic data from major economies and signs of persistent deadlock in US-China trade talks. JOHANNES EISELE | AFP | […]
Tag: business news
WHO warns of spread to every country, Mexico confirms first cases
Disinfection professionals wearing protective gear spray anti-septic solution against the coronavirus (COVID-19) at a subway station on February 28, 2020 in Seoul, South Korea. Chung Sung-Jun | Getty Images This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 83,700 Total deaths: At […]
US personal income January 2020
Daniel Acker | Bloomberg | Getty Images Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose. The Commerce Department said Friday that consumer spending increased 0.2% last month, down from 0.4% in December and smallest gain since October. […]
Dow loses 3,200 points and counting on week, bond yields collapsing
Traders work on the floor of the New York stock Exchange (NYSE) on on February 24, 2020 in New York City. Stocks fell over 1000 points on Monday as global concerns grow about the economic impact of the Coronavirus. Spencer Platt This is a live blog. Check back for updates. 8:40 am: 2-year Treasury yield […]
Joe Biden riding high in South Carolina, but Super Tuesday is bigger test
Joe Biden leaving a campaign event in Georgetown, South Carolina on Feb. 26, 2020. Tucker Higgins / CNBC GEORGETOWN, S.C. — Joe Biden was on a roll. Feeding off the buzzing energy on the second floor of an event venue in this tiny town north of Charleston, the former vice president detailed his plans for health […]
Square emerges as coronavirus hedge after earnings
Jack Dorsey, chief executive officer of Square Inc., second right, tours the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 19, 2015. Yana Paskova | Bloomberg | Getty Images Square has been an outlier in this week’s payment stock wreckage. Shares of Mastercard, Visa, American Express and Paypal […]
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 […]
Goldman sees zero earnings growth for US companies this year because of coronavirus
Apple staff and customers, wearing facemasks to protect against the COVID-19 coronavirus, are seen on the shop premises in Beijing on February 22, 2020. Nicolas Asfouri | AFP | Getty Images Earnings growth for U.S. companies will be stagnant in 2020 as a result of the coronavirus, according to Goldman Sachs. The Wall Street firm […]
Social Security is at stake in this election
Democratic presidential candidate Sen. Bernie Sanders (I-Vt.) speaks during a campaign event on February 17, 2020 in Richmond, California. (Photo by Justin Sullivan/Getty Images) Justin Sullivan At a time of unprecedented income inequality and economic instability, Social Security has become a major flashpoint in the presidential election — and for good reason. After all, despite […]
