U.S. markets should stay open despite turmoil, says securities regulator
U.S. markets should stay open despite intense volatility, the head of the U.S. securities regulator said on Monday, quashing industry speculation that the government might shut down the country’s exchanges to stop a plunge in stock prices.
Wall Street hammered as fears of virus-driven recession grow
U.S. stock indexes plunged about 7% on Monday, as the Federal Reserve’s drastic interest rate cut to near zero stoked fears of a coronavirus-driven recession.
French carmaker Renault to halt production in France
French carmaker Renault said on Monday it was shutting down production at its industrial sites in France until further notice because of the coronavirus outbreak.
Brought to the brink by coronavirus, airlines seek emergency aid
Airlines made unprecedented cuts to flights, costs and staffing on Monday, stepping up calls for emergency aid as coronavirus lockdowns and new travel restrictions hit more major routes.
Brazil’s Azul cuts international flights; carriers expect government aid
Brazilian airline Azul said on Monday it would cut all international flights out of its main hub in Sao Paulo state, while the country’s government is likely to roll out a relief package as the sector struggles with the coronavirus pandemic.
Boeing stock wipes out gains made during ousted CEO Muilenburg’s tenure
Boeing Co’s shares plunged another 20% on Monday, erasing all gains recorded during ousted CEO Dennis Muilenburg’s tenure, as the mounting economic fallout of the coronavirus pandemic added to uncertainty around the 737 MAX’s return to service.
Near-zero U.S. rates may not sink the dollar
When the U.S. Federal Reserve cut interest rates to near zero on Sunday, the dollar fell, since the move blew away the yield on owning dollars and with it much of their attraction.
U.S. markets should stay open despite turmoil, says top securities regulator
U.S. markets should stay open despite intense volatility, the head of the U.S. securities regulator said on Monday, quashing industry speculation that the government might shut down the country’s exchanges to stop a plunge in stock prices.
Wall Street dives, S&P 500 sheds $2 trillion in value
S&P 500 companies lost more than $2 trillion in value in the first few minutes of trading on Monday as investors panicked about the mounting damage from the coronavirus pandemic on the global economy.
Brazil likely to announce relief package for airlines amid coronavirus
Brazil’s government will likely announce a package of measures to prop up the civil aviation sector later on Monday, as business evaporates and flights are canceled due to the coronavirus outbreak, the Infrastructure Ministry said.
