Oil sinks to three-month lows as coronavirus raises demand fears
Crude futures dropped 2% to three-month lows on Monday as the death toll from China’s coronavirus grew, curtailing travel and fueling expectations of slowing oil demand.
Boeing secures financing commitments for over $12 billion: source
Boeing Co has secured financing commitments for more than $12 billion from over a dozen banks, a source familiar with the matter said on Monday, as financial pressures mount due to a production halt on its 737 MAX aircraft.
Wall Street drops as virus stokes economic concerns
U.S. stocks fell more than 1% on Monday as investors worried about the economic impact of a virus outbreak in China as containment efforts including travel bans have been put in place in the world’s second largest economy after the country extended the…
‘Buy the dip,’ one stock options signal says
As concerns over the spread of the coronavirus rattle stocks, a corner of the options market is signaling that the current selloff may be short-lived.
Boeing secures more than $12 billion in financing amid 737 Max crisis: CNBC
Boeing Co has secured more than $12 billion in financing from more than a dozen banks, CNBC reported on Monday, citing people familiar with the matter.
J&J CEO questioned over stock sale ahead of story on asbestos in Baby Powder
Johnson & Johnson Chief Executive Alex Gorsky on Monday faced questions from plaintiffs lawyers over the timing of his sale of company stock, as he testified for the first time in a jury trial over allegations that the company’s Baby Powder causes cancer.
Global stocks slide to two-week low on China virus fears, safe havens gain
Stocks markets tumbled worldwide on Monday as investor worries about the potential economic impact of the coronavirus drove up prices of safe-haven assets such as the Japanese yen and government debt.
German car supplier Webasto halts China corporate travel over coronavirus: spokeswoman
The German auto supplier Webasto has halted all corporate travel to and from China because of the coronavirus outbreak and the infection of an employee, a spokeswoman for the company said on Monday.
U.S. stock rally faces major test as China virus spreads
The latest rally in U.S. stocks is facing a serious test, as the S&P 500 heads toward its worst loss in months on concerns over how the coronavirus will impact the global economy.
Task force pushes U.S. lawmakers to strengthen insider trading rules
A group of former U.S. officials and lawyers is urging Congress to strengthen and clarify law around insider trading that has “generated confusion” and “failed to keep up with the times.”
