S&P 500 drops for seventh day, posts biggest weekly fall since 2008 crisis
The S&P 500 fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the fast-spreading coronavirus could lead to a recession, although stocks cut losses at the end of the day’s session.
Oil prices sink to lowest in over a year, biggest weekly drop since 2016
Oil prices slumped for a sixth day in a row on Friday to their lowest in more than a year, causing futures to drop by the most in a week since 2016, as the spread of coronavirus stoked fears that a slowing global economy would hit energy demand.
Think the S&P 500 is in bad shape? Its components look worse
Wall Street’s worst week since 2008, sparked by fears about the fast-spreading coronavirus, has left almost half of the S&P 500’s stocks in bear market territory, just nine days after the leading benchmark closed at a record high.
Activist investor Robbins shutting hedge fund to pursue other things
Activist investor Clifton S. Robbins told clients on Friday that he is shuttering his Blue Harbour Group not because investors want their money back or because returns have lagged, but because he wants to do something different.
Cooling consumer spending, inflation put spotlight on Fed amid coronavirus
U.S. consumer spending slowed in January and could lose further momentum as the fast-spreading coronavirus outbreak, which has sparked a stock market sell-off and revived fears of a recession, causes households to tighten their purse strings.
Stock markets melt on coronavirus fears, U.S. Treasury yields hit fresh lows
Coronavirus panic sent world stock markets tumbling again on Friday, putting them on course for their largest weekly fall since the 2008 global financial crisis, with over $5 trillion wiped from global market value so far this week.
Volkswagen, accordo da 830 mln euro con consumatori per scandalo diesel
Volkswagen e una delle maggiori organizzazioni tedesche di consumatori hanno annunciato di aver raggiunto un accordo da 830 milioni di euro nell’ambito della class action per i test sulle emissioni diesel truccati.
Factbox: Airlines suspend flights due to coronavirus outbreak
Airlines have been suspending flights or modifying service in response to the coronavirus outbreak.
Wall Street eyes worst week since financial crisis on pandemic fears
Wall Street’s main indexes were on track for their worst week since the 2008 global financial crisis on Friday as the selloff deepened on fears that the fast-spreading coronavirus could lead to a recession.
U.S. regulators to rate new auto tech, but Europe leads in safety testing
Autopilot, Super Cruise and Drive Pilot are different names given to technology that automates steering and braking in a growing number of vehicles, but none of it can safely “pilot” cars without regular human intervention.
