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 […]
Tag: business news
Expedia cutting 3,000 jobs following ‘disappointing’ year
Barry Diller, Chairman of the Expedia Group Board · Vice-Chairman Peter Kern, Director of Expedia Group Online travel conglomerate Expedia Group is cutting 12% of its workforce, or about 3,000 jobs, after a “disappointing” 2019, the company said. Company executives sent an email announcing the changes on Monday afternoon, writing “we recognize that we have […]
Coronavirus fears could push mortgage rates past 4-year low
As coronavirus fears hit financial markets, U.S. bond yields are tanking, pushing mortgage rates that loosely follow the 10-year Treasury yield toward an eight-year low. They could sink even lower. The average rate on the popular 30-year fixed mortgage hit 3.34% on Monday, according to Mortgage News Daily. That is for borrowers with strong financials […]
Dow plunges 1,000 points on coronavirus fears, 3.5% drop is worst in two years
Stocks fell sharply on Monday as the number of coronavirus cases outside China surged, stoking fears of a prolonged global economic slowdown from the virus spreading. The Dow Jones Industrial Average closed 1,029 points lower, or 3.55%. The S&P 500 slid 3.4% while the Nasdaq Composite closed 3.7% lower. It was the Dow’s biggest point and […]
Buffett warns of virus impact, global markets roiled
A pedestrian wearing a face mask walks past a stock indicator displaying share prices of the Tokyo Stock Exchange in Tokyo on February 3, 2020. BEHROUZ MEHRI | AFP via Getty Images This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 79,400Total […]
Dow futures down 770, airlines slide, Apple drops
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters This is a live blog. Please check back for updates. 8:32 am: Chipmaker stock ETFs fall sharply The VanEck Vectors Semiconductor ETF (SMH) and the iShares PHLX Semiconductor ETF (SOXX) were both down more than 3% in the premarket, putting […]
Bernie Sanders unveils universal child care and pre-K plan in 2020 race
Democratic presidential candidate Senator Bernie Sanders speaks at a breakfast campaign stop one day before the New Hampshire presidential primary election in Manchester, New Hampshire, February 10, 2020. Mike Segar | Reuters Sen. Bernie Sanders unveiled a plan Monday to provide universal child care and pre-K, the broadest proposal yet from the 2020 Democratic presidential […]
Economy a bit softer, Berkshire business hit by coronavirus
Billionaire Warren Buffett said Monday that while the U.S. economy still looks healthy, it isn’t as robust as it was even half a year ago thanks to headwinds like the Trump administration’s trade war and the burgeoning coronavirus. “It’s strong, but a little softer than it was six months ago, but that’s over a broad […]
Microsoft senior leadership team under Satya Nadella
Microsoft President and Chief Legal Officer Brad Smith, CEO Satya Nadella, Executive Vice President and Chief Financial Officer Amy Hood and Chairman John Thompson pictured at the Microsoft annual meeting of shareholders in Bellevue, Washington, on November 30, 2016. Jason Redmond | AFP | Getty Images) Satya Nadella has almost completely changed the group of […]
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 […]
