Dow loses almost all that it gained during Trump’s presidency
As Wall Street extended its deep sell-off on Wednesday over fears about the coronavirus, the Dow Jones Industrial Average effectively erased the last of the once sizeable gains it made under U.S. President Donald Trump.
Wall Street extends recent selloff, Dow all but erases ‘Trump-bump’
U.S. stocks deepened their selloff on Wednesday and the Dow effectively erased the last of its gains since U.S. President Donald Trump’s 2017 inauguration, as repercussions of the coronavirus pandemic threatened to cripple economic activity.
Marriott withdraws 2020 outlook as cancellations mount due to coronavirus
U.S. hotel operator Marriott International Inc said on Wednesday it was withdrawing its 2020 financial outlook as cancellations mount due to the coronavirus outbreak.
JPMorgan Chase to close 1,000 Chase branches on coronavirus concerns
(This March 18 story corrects in seventh paragraph to clarify dress code is relaxed for operations staff but not Chase branch staff)
NYSE to shift fully to e-trading from March 23 on coronavirus worries
Intercontinental Exchange Inc said the New York Stock Exchange (NYSE) will temporarily close the trading floors and move fully to electronic trading beginning Monday due to the coronavirus outbreak.
Detroit automakers shutter U.S. plants in move to stop coronavirus spread
The Detroit Three automakers will shut down their U.S. plants to stop the spread of coronavirus, bowing to pressure from the union representing about 150,000 hourly workers at those facilities, industry officials said.
U.S. airlines shares plunge after cash-free Washington rescue proposal
Shares in U.S. airlines fell sharply on Wednesday after Washington proposed a rescue package of $50 billion in loans, but no grants as the industry had requested, to help address the financial impact from the deepening coronavirus crisis.
Jeweler Pandora temporarily closes stores in some countries
Jeweler Pandora A/S said on Wednesday it has temporarily closed all its physical owned- and operated-stores in Italy, Spain, France, Germany and the United States, among other places, in line with government guidelines amidst the coronavirus outbreak….
Shell to suspend construction of Pennsylvania chemical facility
Royal Dutch Shell Plc will temporarily suspend construction activities on a multi-billion dollar ethane cracker being constructed along the Ohio River in Beaver County, Pennsylvania, amid concerns about coronavirus spreading, the company said in a sta…
Simon Property to close U.S. malls, retail outlets as coronavirus spreads
Simon Property Group Inc , America’s biggest mall operator, said on Wednesday it would temporarily close all its retail properties, including the Forum Shops at Caesars Palace in Las Vegas, to tackle the fast-spreading coronavirus.
