This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 542,700 Global deaths: At least 24,361 US cases: At least 85,996 US deaths: At least 1,300 The data […]
Tag: Chevron Corp
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 […]
Worst drop since October, coronavirus fears grow, airlines fall
This is a live blog. Check back for updates. 3:10 pm: Coronavirus names fall ahead of the close Stocks with a large amount of exposure to the coronavirus epidemic accelerated losses on Friday, dragging down the major averages. American Airlines, Delta and United all suspended flights to and from China, sending their stocks down 3.5%, 2.4% […]
IBM’s downgrade makes no sense
First Horizon National Corp.: “This stock is not down as well as I thought because I think that the acquisition was a brilliant acquisition. Others don’t. I think they’re wrong. [CEO] Bryan Jordan understands.” HollyFrontier Corp.: “I’m not going to disagree with you. I think it is a value play, as long as you accept […]