Explainer: How U.S. markets will function if coronavirus breaks out in NYC
If an outbreak of coronavirus hits New York, it could cause more sharp selling of stocks, but markets would likely continue to function even if the floor of the New York Stock Exchange had to close.
Italy’s Alitalia reduces flights on 38 routes as coronavirus deters passengers
Italy’s flagship carrier Alitalia said on Friday it was reducing flights on 38 national and international routes because coronavirus was leading to fewer passengers.
Dow drops 1,000 points as pandemic fears heighten
The Dow Jones Industrials slumped more than 1,000 points in intraday trading for the third time this week on Friday, as the rapidly spreading coronavirus outbreak raised fears of global recession.
Kuwait will operate a flight to Thailand to evacuate its citizens
Kuwait Airways will operate a flight to Thailand’s capital, Bangkok, to evacuate Kuwaiti citizens there, the information ministry said on Twitter on Friday.
Oil prices fall, set for biggest weekly drop since 2008
Oil prices slumped on Friday to their lowest in more than a year, set for their steepest weekly fall since 2008 as the global spread of the coronavirus stokes demand fears.
Madoff customer payout nears $14 billion, as dying swindler seeks freedom
Bernard Madoff’s former customers will soon see their total recovery approach $14 billion, a court-appointed trustee said on Friday, as the dying swindler awaits a decision on whether the U.S. government will support his request to leave prison early.
Swiss anti-viral ban on large events hits Geneva car show head-on
Switzerland on Friday banned large events expected to draw more than 1,000 people in a drive to curb the new coronavirus epidemic, prompting cancellation of the Geneva car show and grumbling from businesses watching demand vanish.
Take Five: The virus data fog
The first data releases coming out for February make for grim reading: China’s factories were dealt a devastating blow last month as the coronavirus epidemic triggered the sharpest contraction in activity on record, with the health crisis paralysing la…
Going viral: Six charts and the $6 trillion loss
The rapid worldwide spread of coronavirus and the economic implications of the outbreak have triggered the biggest weekly stock market rout since the 2008 financial crisis, wiping $6 trillion off global equities.
Bullard: Market pricing will not dictate rate cut, Fed policymakers will monitor events up to March FOMC
The Federal Reserve does not need to cut U.S. interest rates just because markets have priced in aggressive central bank action, but policymakers will be monitoring events closely up to the upcoming March 17-18 meeting, St. Louis Federal Reserve bank p…
