Dow, S&P 500 decline after Apple’s sales warning
The Dow and S&P 500 fell on Tuesday after a sales warning from Apple left investors assessing the impact of the coronavirus outbreak on U.S. companies.
Oil near flat; virus impact offsets Libya supply disruptions
Oil prices were near flat on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China, but prices drew support from a reduction in supply from Libya.
Dow, S&P 500 down after Apple’s sales warning but off session lows
The Dow and S&P 500 were lower on Tuesday afternoon as a sales warning from tech bellwether Apple highlighted the impact of the coronavirus outbreak on global supply chains.
Huawei accuses U.S. of overlooking HSBC misconduct to go after Chinese firm
U.S. prosecutors overlooked apparent violations of U.S. sanctions against Iran by HSBC Holdings in exchange for the British bank’s cooperation with a government investigation of Huawei Technologies, lawyers for the Chinese telecoms giant said.
Consumer groups, unions oppose fix for planned merger of AbbVie and Allergan
A group of unions and consumer groups wrote to U.S. antitrust enforcers on Tuesday to oppose a proposed remedy that could lead to U.S. approval for AbbVie Inc’s planned purchase of Allergan Plc .
Virgin Galactic’s stock soars, fueled by retail investors
Virgin Galactic Holdings Inc shares surged 24% on Tuesday, extending a rally since early December to over 400% and evoking a warning from an analyst who likes the space tourism company but warns it has become overbought.
Oil dips on virus impact, OPEC+ delay
Oil prices edged lower on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market.
Wall Street skids after Apple’s shock sales warning
U.S. stocks dropped on Tuesday after a surprise sales warning from tech bellwether Apple highlighted the impact of the coronavirus outbreak on global supply chains.
Trump blasts proposed restrictions on selling U.S. jet parts to China
U.S. President Donald Trump on Tuesday blasted proposals that could hinder U.S. companies from supplying jet engines and other components to China’s aviation industry and said he had instructed his administration to prevent such moves.
Stocks slide on Apple’s virus warning, euro near three-year low
Gold rose and global equity markets slid on Tuesday after Apple Inc said it was unlikely to meet its sales guidance because of the coronavirus outbreak in China, a warning highlighting the epidemic’s threat to global growth and corporate profits.
