Oil's coronavirus plunge pricing in 'significant demand destruction'
FOX Business - 12 min 8 sec ago
Oil has plunged nearly 30 percent this year driving energy stocks into a bear market.
COMMENTARY: Indiatimes - Northern California city at epicenter of coronavirus mystery - 36 min 42 sec ago Financial Post - Singapore postpones showcase shipping week due to coronavirus - 50 min 30 sec ago BusinessInsider - These hedge fund bears have raked in millions from the coronavirus-led market meltdown - 52 min 14 sec ago Euronews - U.S. intel agencies warned of rising risk of outbreak like coronavirus - 1 hour 24 min ago Russia Today - US military bases in South Korea placed on lockdown to stop novel coronavirus spread - 1 hour 34 min ago Washington Post - Asia-based Overwatch League teams flying to Los Angeles amid coronavirus outbreak - 1 hour 43 min ago ZeroHedge - A Big Coronavirus Mystery: Where Are The Children? - 1 hour 46 min ago Daily Express - California assessing 8,400 citizens for coronavirus after break – shortage of testing kits - 2 hours 10 min ago New York Times - Coronavirus Fears Are Driving Interest Rates Down, a Bad Omen for the Economy - 2 hours 31 min ago New York Post - US stocks continue tumbling from coronavirus panic as global losses hit $5T - 3 hours 14 min ago AllAfrica - Zimbabwe: Businesses Count Cost of the Impact of Coronavirus - 3 hours 50 min ago Toronto Star - Coronavirus fears lead to global shortages of face masks - 4 hours 3 min ago TechCrunch - Coronavirus corrections and the rise of remote work - 4 hours 4 min ago Wall Street Journal - Coronavirus Tests Europe's Differing Health Systems - 4 hours 37 min ago The Independent - Coronavirus: First Briton dies of disease - 4 hours 56 min ago The Hindu - Coronavirus impact: Sensex crashes 1,448 pts; ₹5.45 lakh crore in investor wealth wiped off - 5 hours 18 min ago The Guardian - British Airways and easyJet warn of coronavirus impact as markets tumble again - business live - 9 hours 52 min ago Sydney Morning Herald - Morrison questions Indonesia's coronavirus-free status - 13 hours 22 min ago The Straits Times - Malaysia's AirAsia X defers A330neo deliveries as coronavirus hits demand - 13 hours 36 min ago Vox - Coronavirus is the first big test for futuristic tech that can prevent pandemics - 20 hours 36 min ago
Wall Street selloff deepens on pandemic fears
Reuters - 37 min 53 sec ago
Wall Street plunged in a volatile trading session heading into the weekend, extending a steep selloff from last week as the fast-spreading coronavirus raised fears of a global recession.
COMMENTARY: Financial Post - Wall Street selloff deepens on pandemic fears - 37 min 35 sec ago BusinessInsider - CULTIVATED: Border towns boom, Wall Street warns against Canadian stocks, MedMen earnings, and more - 52 min 44 sec ago Toronto Star - Stocks open sharply lower on Wall Street; Dow sinks 1.8% - 3 hours 22 min ago Washington Post - The Technology 202: Tech that lets you stay home might be immune from coronavirus damage on Wall Street - 3 hours 35 min ago
A dog in Hong Kong tests positive for the coronavirus, WHO officials confirm
CNBC - 42 min 4 sec ago
Hong Kong scientists aren't sure if the dog is actually infected or if it picked up the virus from a contaminated surface.
COMMENTARY: ZeroHedge - Coronavirus Cases Surge Across Europe As Hong Kong Dog Becomes First Pet To Test Positive: Live Updates - 5 hours 48 min ago Toronto Star - Outspoken Hong Kong publisher held over pro-democracy march - 14 hours 48 min ago The Straits Times - Hong Kong property tycoon Peter Woo to take Wheelock private - 17 hours 25 min ago BusinessInsider - Hong Kong's government is giving $1,284 to every permanent resident over 18 - 20 hours 19 min ago
Former Trump economist: Coronavirus could 'absolutely' spark global recession if not contained
CNN - 49 min 54 sec ago
The world economy could stumble into a recession if the coronavirus outbreak is not contained quickly, former White House economist Kevin Hassett warned on Friday.
COMMENTARY: Vox - Will coronavirus cause a global recession? We still don’t know. - 4 hours 36 min ago Washington Post - Markets Are Pricing in a Coronavirus Recession - 6 hours 51 min ago Daily Express - EU to become 'sick man of world' as eurozone 'bogged down' with recession threat - 7 hours 10 min ago Financial Post - Japan’s Abe vows to protect economy as virus heightens recession fears - 9 hours 45 min ago The Guardian - Market in turmoil over fears of a coronavirus-induced global recession | Nils Pratley - 22 hours 10 min ago
Goldman expects 75 bps of Fed rate cuts by June
Reuters - 52 min 35 sec ago
Goldman Sachs expects the coronavirus to drive the Federal Reserve to cut U.S. interest rates by 75 basis points by June it said on Friday, implying as many as three cuts starting at its next meeting in March.
COMMENTARY: ZeroHedge - Goldman: This Is How The Selloff Changed On Thursday - 3 hours 46 min ago Washington Post - How IBM, Goldman Sachs, PwC and others are responding to the coronavirus threat to the global workplace - 7 hours 6 min ago
'Big Dog' and the 'omnipotent sheikh' - how Qatar saved Barclays
Reuters - 1 hour 2 min ago
When Roger Jenkins was asked to help Barclays avoid a state bailout at the height of the financial crisis in 2008, he was expecting a bonus not a prosecution for his efforts.
Donald Trump Jr. just said something unreal about Democrats and the coronavirus
CNN - 1 hour 18 min ago
Donald Trump Jr. is Donald Trump in extremis. If the President pushes boundaries, his oldest son crashes through them with glee.
COMMENTARY: Indiatimes - Vijay Rupani denies reports that Rs 100 crore were spent on Donald Trump visit - 36 min 42 sec ago BusinessInsider - Donald Trump Jr. says Dems hope coronavirus "comes here and kills millions" and ends his dad's "streak of winning" - 1 hour 41 min ago Toronto Star - Man ordered into diversion for popping ‘Baby Trump’ balloon - 1 hour 50 min ago Washington Post - All About CFIUS, Trump’s Watchdog on China Dealmaking: QuickTake - 2 hours 43 min ago ZeroHedge - Mulvaney Warns Coronavirus Could Lead To School Closures; Blames Press For Peddling 'False Narrative' To Take Down Trump - 2 hours 46 min ago The Independent - Meet the Tennessee alderman who says Trump's bullying 'hurts his heart' — but still plans to vote for him - 2 hours 47 min ago Euronews - Trump's retreat on coronavirus response leaves opening for Democratic candidates - 4 hours 24 min ago New York Times - Will the Economy Re-elect Trump? Should It? - 8 hours 6 min ago Daily Express - Sadiq Khan MOCKS Donald Trump and praises billionaire rival Mike Bloomberg - 9 hours 52 min ago Sydney Morning Herald - Nancy Pelosi slams Donald Trump's 'chaotic' Coronavirus response - 21 hours 35 min ago
Oil prices fall, set for biggest weekly drop since 2008
Reuters - 1 hour 30 min ago
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.
COMMENTARY: BusinessInsider - Oil tumbles further into bear market, hits lowest price in 4 years as coronavirus fallout continues - 3 hours 17 min ago Financial Post - Oil prices on track for biggest weekly fall in four years - 4 hours 12 min ago
Ex-Barclays bankers cleared over 2008 Qatar fees in blow to UK fraud office
Reuters - 1 hour 58 min ago
Three former Barclays executives were unanimously acquitted on Friday of charges they helped funnel 322 million pounds ($418 million) in secret fees to Qatar in return for rescue financing during the credit crisis.
COMMENTARY: Indiatimes - CBI registers FIR against export company for Rs 604 crore bank fraud - 1 hour 36 min ago New York Times - 3 Former Barclays Executives Are Cleared of Fraud Charges - 5 hours 13 min ago Toronto Star - Barclays bankers acquitted over fraud charges in Qatar deal - 6 hours 32 min ago The Guardian - Three former Barclays executives found not guilty of fraud - 6 hours 47 min ago Russia Today - ‘OAS misled public’: MIT study finds ‘NO evidence of fraud’ in Bolivia election that saw Evo Morales ousted in military coup - 21 hours 42 min ago
Netflix is one of the best performers in the S&P 500 this week as stay-at-home stocks stay the course
CNBC - 2 hours 2 min ago
Stay-at-home stocks fared better than the wider market this week as world health officials ratcheted up warnings about the coronavirus.
COMMENTARY: New York Post - How coronavirus benefits Netflix and other ‘in-home’ services - 3 hours 46 min ago AllAfrica - Nigeria: Netflix to Increase Investment in Nigerian Movies - 12 hours 47 min ago BusinessInsider - Netflix shares are on the rise, in spite of the coronavirus fears that are rocking the broader stock market (NFLX) - 23 hours 55 min ago
Bullard: Market pricing will not dictate rate cut, Fed policymakers will monitor events up to March FOMC
Reuters - 2 hours 14 min ago
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 president James Bullard said on Friday.
COMMENTARY: New York Times - Fed Officials Leave Door Open to Rate Cuts as Coronavirus Risks Rise - 2 hours 11 min ago Financial Post - Bullard: Market pricing will not dictate rate cut, Fed policymakers will monitor events up to March FOMC - 2 hours 20 min ago BusinessInsider - Wall Street is certain the Fed will slash interest rates next month. But a key official says that will only happen if the coronavirus becomes a pandemic. - 2 hours 31 min ago The Straits Times - Fed seen cutting rates amid coronavirus threat - 18 hours 44 min ago
Stock Market Sell-Off and Its Impact on ETFs: Video Report - Bloomberg
Bloomberg - 2 hours 20 min ago
Stock Market Sell-Off and Its Impact on ETFs: Video Report Bloomberg
COMMENTARY: The Independent - Trump economic adviser claims stock markets overreacting to coronavirus as US has worst week since 2008 - 1 hour 56 min ago New York Times - Live Stock Market Today: Coronavirus Crisis - 6 hours 50 min ago Financial Post - London stocks hammered as pandemic fears grow - 8 hours 40 min ago AllAfrica - Nigeria: Analysts Dismiss VAT's Impact On Stock Investment, Seek Reverse Incentive - 9 hours 50 min ago TechCrunch - The Dow Jones drops nearly 1200 points as coronavirus fears batter stock markets - 20 hours 1 min ago The Guardian - Coronavirus fears trigger biggest one-day fall on US stock market - 20 hours 24 min ago ZeroHedge - "Worst Thing In My Career" - US Stocks Suffer Fastest Collapse From Record Highs Since Great Depression - 21 hours 4 min ago
Pompeo clashes with lawmakers over coronavirus and Iran in tense hearing
CNN - 2 hours 36 min ago
Appearing before House lawmakers for a long postponed hearing on Iran Friday, Secretary of State Mike Pompeo appeared irritated as Democrats used their very first question to grill the top US diplomat on the administration's handling of the coronavirus outbreak.
COMMENTARY: Russia Today - Pompeo adds insult to injury by dangling coronavirus ‘help’ in front of sanctions-stricken Iran - 43 min 34 sec ago The Independent - Nazanin Zaghari-Ratcliffe suffering a cold amid fears coronavirus has spread to Iran prison - 2 hours 50 sec ago ZeroHedge - Iran's Clerics "Put World At Risk" - Urging Pilgrims To Visit Qom Shrine, Outbreak Epicenter, As "House For Cure" - 2 hours 7 min ago Wall Street Journal - As Iran's Leaders Contract Coronavirus, Doubts Emerge Over National Tally - 2 hours 46 min ago Indiatimes - All schools in Iran to close for three days over coronavirus concerns: Health minister - 4 hours 6 min ago Toronto Star - UAE cycling race cancelled for virus; 388 cases in Iran alone - 7 hours 28 min ago Sydney Morning Herald - First NZ case of coronavirus in passenger coming from Iran via Bali - 9 hours 51 min ago Financial Post - New Zealand limits entry of travelers from Iran on coronavirus fears - 15 hours 24 min ago
Wayfair hunts profits after copying Amazon's growth model
FOX Business - 2 hours 36 min ago
Wayfair lost $330 million in the quarter ended Dec. 31, more than twice as much as a year earlier.
COMMENTARY: New York Post - Amazon pulls the plug on coronavirus price gougers - 2 hours 2 min ago BusinessInsider - Amazon has pulled one million products that inaccurately claim to defend against the coronavirus from its site - 3 hours 43 min ago
Virus Impact on Central Bank Policy - Bloomberg
Bloomberg - 2 hours 56 min ago
Virus Impact on Central Bank Policy Bloomberg
COMMENTARY: AllAfrica - Mozambique: Central Bank Leaves Interest Rates Unchanged - 2 hours 32 min ago ZeroHedge - There Is Just One Question: Will The Fed Activate A Coordinated Central Bank Bailout On Sunday - 2 hours 50 min ago The Guardian - From the Fed to the Bank of England, central banks must up their game | Howard Davies - 11 hours 6 min ago
Chinese laboratory that first shared coronavirus genome with world ordered to close for ‘rectification’
SCMP - 3 hours 6 min ago
The Shanghai laboratory where researchers published the world’s first genome sequence of the deadly coronavirus that causes Covid-19 has been shut down.The laboratory at the Shanghai Public Health Clinical Centre was ordered to close for “rectification” on January 12, a day after Professor Zhang Yongzhen’s team published the genome sequence on open platforms. It closed temporarily the following day.The release of the data helped researchers develop test kits for the virus.“The centre w ...
COMMENTARY: ZeroHedge - Leaked Internal Reports Show China's Main Priorities Are Controlling Public Opinion, Social Stability - 58 min 27 sec ago BusinessInsider - United just slashed its flights to Japan and other parts of Asia, showing how quickly coronavirus fears are hurting new airline and travel markets outside of China (UAL) - 1 hour 9 min ago Toronto Star - Coronavirus will likely reduce Chinese travel to Yellowstone - 1 hour 34 min ago Washington Post - Plague, Inc. removed from China’s App Store - 1 hour 38 min ago New York Post - Apple’s China factories close to resuming full production, Tim Cook says - 3 hours 56 min ago AllAfrica - Kenya: Coronavirus - KQ Suspends China Airline Whistle Blower - 5 hours 17 min ago Daily Express - Coronavirus chaos: China offers bizarre £1,100 REWARD to citizens who catch virus - 6 hours 54 min ago Financial Post - New coronavirus cases in mainland China fall to lowest since January - 6 hours 54 min ago Russia Today - Mongolian president & entire delegation quarantined after China visit over coronavirus fears - 9 hours 58 min ago Indiatimes - Experts question delayed action as death toll in China's coronavirus climbs to over 2780 - 11 hours 36 min ago The Straits Times - China makes bad loans disappear as coronavirus pummels banks - 12 hours 18 min ago Sydney Morning Herald - Coronavirus update LIVE: WHO says 'decisive point' has been reached as COVID-19 cases spike outside China - 14 hours 22 min ago New York Times - Virus Disrupts China’s Shipping, and World Ports Feel Impact - 19 hours 4 min ago
Coty taps Jimmy Choo boss Pierre Denis as next CEO
Reuters - 3 hours 16 min ago
Coty Inc on Friday named Jimmy Choo boss Pierre Denis as its next chief executive officer, replacing Pierre Laubies, betting on deep luxury fashion sector experience as the company tries to turnaround sales of its core hair care and cosmetics products.
COMMENTARY: The Hindu - RBI okays IndusInd CEO appointment - 1 hour 4 min ago BusinessInsider - Former Google CEO Eric Schmidt says China could supplant Silicon Valley as the world's tech powerhouse unless the US government steps in - 2 hours 45 min ago AllAfrica - Ghana: Confidence in Savings and Loans Sector Will Be Restored - Bonds Savings & Loans CEO - 6 hours 27 min ago Financial Post - Beauty company Coty hires Jimmy Choo boss Denis as CEO - 8 hours 42 min ago ZeroHedge - "Fundamentally Parasitic" – Reddit CEO Lashes Out At "Spyware" TikTok - 13 hours 41 min ago
U.S. consumer spending slows in January; income surges
Reuters - 3 hours 41 min ago
U.S. consumer spending rose less than expected in January, a loss of momentum that could be exacerbated by the rapidly spreading coronavirus, which has triggered a sharp stock market sell-off and revived fears of a recession.
COMMENTARY: ZeroHedge - US Consumer Sentiment Soars Near 16 Year Highs (Before Virus Fears Rose) - 2 hours 55 min ago Toronto Star - US consumer spending slowed in January while incomes jumped - 4 hours 11 min ago Financial Post - Volkswagen reaches $900 mln deal with consumers over diesel scandal - 5 hours 22 min ago BusinessInsider - These 5 factors are transforming the payments experience for both consumers and businesses - 19 hours 3 min ago
Huawei exec: The US can't afford to work without us
CNN - 4 hours 6 sec ago
Banning Huawei not only affects Huawei's customers in the United States. It could also directly limit the country's ability to roll out 5G capabilities at the same time as the rest of the world, writes Joy Tan, SVP of public affairs at Huawei Technologies USA.
COMMENTARY: TechCrunch - Senate passes ‘rip and replace’ bill to remove old Huawei and ZTE equipment from networks - 18 hours 42 min ago
United Airlines slashes Asia service because of coronavirus
CNBC - 4 hours 7 min ago
United Airlines has reduced its Asia service because of coronavirus.
COMMENTARY: Financial Post - United Airlines sharply cuts flights to Japan, South Korea - 36 min 37 sec ago BusinessInsider - Air Transat kicked a family off a plane after their daughter started coughing, as airlines tighten measures against coronavirus - 5 hours 27 min ago
Stocks making the biggest moves in the premarket: Wayfair, Beyond Meat, Disney, Peloton & more
CNBC - 4 hours 40 min ago
Beyond Meat and Wayfair fall on quarterly losses. BMO analyst names Disney his top pick.
COMMENTARY: Daily Express - Coronavirus crisis: Disney and Universal Studios CLOSED due to outbreak chaos - 9 hours 19 min ago Financial Post - Tokyo Disneyland to close through mid-March on coronavirus concerns - 10 hours 11 min ago Toronto Star - Guests evacuated after boat at Disney World takes on water - 19 hours 34 min ago BusinessInsider - Disney's Grand Californian Hotel and Spa is Disneyland's most expensive hotel, but it poses the best value for Disney fans - 20 hours 26 min ago
OPEC leaning towards larger oil cuts as virus hits prices, demand: sources
Reuters - 6 hours 8 min ago
Several key OPEC members are leaning towards a bigger than previously expected oil output cut, four sources with knowledge of the talks said, as oil prices fell to $50 per barrel on fears the coronavirus outbreak will hit oil demand badly.
COMMENTARY: Financial Post - OPEC leaning towards larger oil cuts as virus hits prices, demand -sources - 6 hours 47 min ago
As Thai students step up protests, is PM Prayuth Chan-ocha’s grip weakening?
SCMP - 8 hours 6 min ago
Thailand’s military-backed Prime Minister Prayuth Chan-ocha is reeling from a flurry of student protests and parliamentary attacks after the enforced break up of a popular pro-democracy party.The barrage of criticism in the past week after the Constitutional Court disbanded the Future Forward party threatens to weaken Prayuth’s grip on power. The 65-year-old leader of the 2014 coup transformed into an elected ruler after last year’s disputed general election, which was held under a charter ...
COMMENTARY: Financial Post - Coastal GasLink protests may be ‘a dry run’ for Trans Mountain pipeline - 1 hour 37 min ago Euronews - COVID-19 spreads in Europe, Syrians flee violence and Greek protests | This week in pictures - 4 hours 17 min ago
Aluminum smelter resurrected after Trump tariffs may close as losses mount
CNBC - 11 hours 34 min ago
"We are in prayer" mode, Magnitude 7 Metals chief executive Charles Reali said. "If things don't turn around in the next 60 days, I don't know."
COMMENTARY: Toronto Star - EU welcomes Kosovo cut to Serbia tariffs, US says not enough - 4 hours 28 min ago AllAfrica - Zimbabwe: More Woes As Power Utility Increases Electricity Tariffs - 6 hours 22 min ago Financial Post - Aluminum smelter resurrected on Trump tariffs may close as losses mount - 12 hours 37 min ago
US Spy Agencies Monitor Virus Spread, Concerns About India: Report
NDTV - 14 hours 43 min ago
US intelligence agencies are monitoring the global spread of coronavirus and the ability of governments to respond, sources familiar with the matter said on Thursday, warning that there were concerns...
COMMENTARY: Indiatimes - India, France vow to deny safe havens, sources of financing to terrorists - 36 min 42 sec ago The Hindu - India Cements clarifies on share price movement - 1 hour 1 min ago Financial Post - Indian economic growth slows, with coronavirus impact to come - 3 hours 9 min ago Toronto Star - Thousands of Bangladeshi Muslims protest India violence - 4 hours 9 min ago TechCrunch - Indian research firm Convergence Catalyst is ready for its second act - 10 hours 58 min ago Wall Street Journal - India Begins Probe of Clashes That Left 38 Dead - 15 hours 8 min ago BusinessInsider - Why Indians are protesting 2 controversial laws that could leave millions of Muslims stateless - 23 hours 16 min ago
Cisco starts new round of job cuts due to slowing sales
FOX Business - 15 hours 20 min ago
Cisco Systems Inc. has started a new round of job cuts as the networking-equipment maker faces the prospect of slowing sales growth because of global economic uncertainty.
COMMENTARY: BusinessInsider - Bed Bath & Beyond to cut 500 jobs as it powers on with its turnaround effort - 7 hours 8 min ago ZeroHedge - Fiat Cuts 1,500 Jobs At Canada Minivan Plant - 12 hours 6 min ago Financial Post - Fiat Chrysler to cut 1,500 jobs at Windsor assembly plant - 19 hours 29 min ago
Facebook to publicly track political sponsored content after paid Bloomberg memes
SCMP - 15 hours 44 min ago
Facebook will provide a way for people to track political sponsored content on Facebook and Instagram ahead of the US presidential election, it said on Thursday.The move comes after US Democratic presidential candidate Michael Bloomberg’s campaign started paying popular meme accounts on Facebook-owned Instagram to post content as part of its social media offensive ahead of the 2020 election.In tweets sent by Facebook director of product management Rob Leathern, the company said it had added a ...
COMMENTARY: BusinessInsider - Facebook just rolled out a new tool that uses AI to turn photos into 3D renderings — here's how it works - 1 hour 3 min ago The Hindu - Facebook cancels in-person F8 event on COVID-19 concerns - 12 hours 27 min ago Financial Post - Facebook cancels developer conference as tech companies respond to virus - 17 hours 15 min ago The Guardian - Facebook cancels annual developer conference amid coronavirus concerns - 21 hours 59 min ago New York Times - Facebook, Google and Twitter Rebel Against Pakistan’s Censorship Rules - 22 hours 21 min ago New York Post - Facebook cancels F8 developers conference over coronavirus fears - 23 hours 2 min ago The Independent - Facebook cancels F8 developer conference over coronavirus concerns - 23 hours 35 min ago TechCrunch - Facebook cancels F8 conference, citing coronavirus concerns - 23 hours 50 min ago
Set daily movement goals and track your steps with Activity on your Apple Watch
CNN - 17 hours 29 min ago
Your Apple Watch sends you everything from messages to the week's weather — and it's all right there on your wrist. Handy! But you may be missing out on one of the device's best features: the Activity app.
COMMENTARY: BusinessInsider - Apple is still selling the iPhone XR from 2018 for $600 — here's how it compares to the 2019 $700 iPhone 11 (AAPL) - 3 hours 24 min ago
SEC orders Wells Fargo pay $35 million for recommendations of high-risk products
Reuters - 19 hours 17 min ago
The U.S. Securities and Exchange Commission said on Thursday it ordered Wells Fargo & Co to pay $35 million to settle charges it failed to adequately supervise investment advisers who were recommending high-risk products.
COMMENTARY: Indiatimes - Civic body polls: HC issues notices to Madhya Pradesh govt, SEC - 3 hours 6 min ago Financial Post - U.S. SEC orders Wells Fargo pay $35 mln for recommendations of high-risk products - 19 hours 18 min ago ZeroHedge - Steven Seagal Charged By SEC For Unlawfully Touting 2018 ICO - 20 hours 1 min ago
Facebook cancels conference, Microsoft withdraws from another on coronavirus
Reuters - 21 hours 51 min ago
Facebook Inc said on Thursday it would cancel its annual developer conference due to fears over the coronavirus outbreak and Microsoft Corp followed suit by withdrawing from a gaming conference scheduled for next month.
COMMENTARY: The Hindu - Microsoft withdraws from GDC gaming conference over CoV - 10 hours 40 min ago BusinessInsider - BIG TECH IN HEALTHCARE: Here's who wins and loses as Alphabet, Amazon, Apple, and Microsoft hone in on niche sectors of healthcare - 15 hours 4 min ago The Straits Times - Microsoft cuts sales forecasts - 21 hours 6 min ago Financial Post - Microsoft shares slip after warning of coronavirus hit to supply chain - 21 hours 38 min ago TechCrunch - Microsoft withdraws from GDC gaming conference over coronavirus concerns - 23 hours 25 min ago
FOX Business - 12 min 8 sec ago
Oil has plunged nearly 30 percent this year driving energy stocks into a bear market.
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- Bloomberg - Stocks Hit Hard By Coronavirus Fears - Bloomberg - 19 hours 30 min ago
Wall Street selloff deepens on pandemic fearsReuters - 37 min 53 sec ago
Wall Street plunged in a volatile trading session heading into the weekend, extending a steep selloff from last week as the fast-spreading coronavirus raised fears of a global recession.
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A dog in Hong Kong tests positive for the coronavirus, WHO officials confirm
CNBC - 42 min 4 sec ago
Hong Kong scientists aren't sure if the dog is actually infected or if it picked up the virus from a contaminated surface.
- RELATED:
- SCMP - Coronavirus: Carrie Lam, top Hong Kong ministers to donate one month’s pay to charity amid city’s battle with epidemic - 5 hours 52 min ago
- CNN - Hong Kong pro-democracy media mogul Jimmy Lai arrested for 'illegal assembly' over 2019 protest - 8 hours 23 min ago
- BBC - Parents in Japan and Hong Kong struggle as schools shut - 12 hours 38 min ago
Former Trump economist: Coronavirus could 'absolutely' spark global recession if not containedCNN - 49 min 54 sec ago
The world economy could stumble into a recession if the coronavirus outbreak is not contained quickly, former White House economist Kevin Hassett warned on Friday.
- RELATED:
- Reuters - World stocks set for worst week since 2008 as virus stokes recession fears - 14 hours 3 min ago
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Goldman expects 75 bps of Fed rate cuts by JuneReuters - 52 min 35 sec ago
Goldman Sachs expects the coronavirus to drive the Federal Reserve to cut U.S. interest rates by 75 basis points by June it said on Friday, implying as many as three cuts starting at its next meeting in March.
- RELATED:
- CNBC - Goldman expects three Fed rate cuts starting in March to offset coronavirus damage - 1 hour 1 min ago
- Reuters - Goldman Sachs asks some to skip conference over coronavirus concerns - 23 hours 9 min ago
'Big Dog' and the 'omnipotent sheikh' - how Qatar saved Barclays
Reuters - 1 hour 2 min ago
When Roger Jenkins was asked to help Barclays avoid a state bailout at the height of the financial crisis in 2008, he was expecting a bonus not a prosecution for his efforts.
- RELATED:
- CNBC - Barclays cuts S&P 500 2020 target, says it's 'too early to buy the dip' - 5 hours 8 min ago
- BBC - The inside story of the Barclays trial - 6 hours 27 min ago
Donald Trump Jr. just said something unreal about Democrats and the coronavirus
CNN - 1 hour 18 min ago
Donald Trump Jr. is Donald Trump in extremis. If the President pushes boundaries, his oldest son crashes through them with glee.
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Oil prices fall, set for biggest weekly drop since 2008Reuters - 1 hour 30 min ago
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.
- RELATED:
- Reuters - Oil prices on track for biggest weekly fall in four years - 9 hours 48 min ago
Ex-Barclays bankers cleared over 2008 Qatar fees in blow to UK fraud office
Reuters - 1 hour 58 min ago
Three former Barclays executives were unanimously acquitted on Friday of charges they helped funnel 322 million pounds ($418 million) in secret fees to Qatar in return for rescue financing during the credit crisis.
- RELATED:
- Reuters - Ex-Barclays bankers cleared over Qatar fees in blow to UK fraud office - 5 hours 16 min ago
- BBC - Former Barclays executives cleared of fraud charges - 6 hours 40 min ago
- FOX Business - South Carolina utility sued over billions in 'nuclear fraud': Securities officials - 15 hours 35 min ago
Netflix is one of the best performers in the S&P 500 this week as stay-at-home stocks stay the course
CNBC - 2 hours 2 min ago
Stay-at-home stocks fared better than the wider market this week as world health officials ratcheted up warnings about the coronavirus.
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- SCMP - Ex-Malaysian PM Najib and wife Rosmah to appear on Netflix documentary about corruption - 12 hours 46 min ago
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Bullard: Market pricing will not dictate rate cut, Fed policymakers will monitor events up to March FOMCReuters - 2 hours 14 min ago
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 president James Bullard said on Friday.
- RELATED:
- Reuters - Bullard: Fed already insured against shocks like coronavirus - 2 hours 42 min ago
Stock Market Sell-Off and Its Impact on ETFs: Video Report - BloombergBloomberg - 2 hours 20 min ago
Stock Market Sell-Off and Its Impact on ETFs: Video Report Bloomberg
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Pompeo clashes with lawmakers over coronavirus and Iran in tense hearing
CNN - 2 hours 36 min ago
Appearing before House lawmakers for a long postponed hearing on Iran Friday, Secretary of State Mike Pompeo appeared irritated as Democrats used their very first question to grill the top US diplomat on the administration's handling of the coronavirus outbreak.
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Wayfair hunts profits after copying Amazon's growth model
FOX Business - 2 hours 36 min ago
Wayfair lost $330 million in the quarter ended Dec. 31, more than twice as much as a year earlier.
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Virus Impact on Central Bank Policy - Bloomberg
Bloomberg - 2 hours 56 min ago
Virus Impact on Central Bank Policy Bloomberg
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- CNBC - Ex-Fed Governor Warsh sees coordinated global central bank action soon in response to coronavirus - 5 hours 40 min ago
Chinese laboratory that first shared coronavirus genome with world ordered to close for ‘rectification’
SCMP - 3 hours 6 min ago
The Shanghai laboratory where researchers published the world’s first genome sequence of the deadly coronavirus that causes Covid-19 has been shut down.The laboratory at the Shanghai Public Health Clinical Centre was ordered to close for “rectification” on January 12, a day after Professor Zhang Yongzhen’s team published the genome sequence on open platforms. It closed temporarily the following day.The release of the data helped researchers develop test kits for the virus.“The centre w ...
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Coty taps Jimmy Choo boss Pierre Denis as next CEO
Reuters - 3 hours 16 min ago
Coty Inc on Friday named Jimmy Choo boss Pierre Denis as its next chief executive officer, replacing Pierre Laubies, betting on deep luxury fashion sector experience as the company tries to turnaround sales of its core hair care and cosmetics products.
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- Reuters - UBS CEO's pay slips to $1 million a month as Swiss bank's top bosses pocket $113 million - 5 hours 26 min ago
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U.S. consumer spending slows in January; income surges
Reuters - 3 hours 41 min ago
U.S. consumer spending rose less than expected in January, a loss of momentum that could be exacerbated by the rapidly spreading coronavirus, which has triggered a sharp stock market sell-off and revived fears of a recession.
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- CNBC - US consumer spending growth slowed in January while incomes jumped - 4 hours 22 min ago
- Deutsche Welle - Dieselgate: Volkswagen to pay €830 million settlement to German consumers - 5 hours 10 min ago
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- SCMP - Coronavirus: China’s consumers will not rescue economy when outbreak is over, survey shows - 7 hours 51 min ago
Huawei exec: The US can't afford to work without us
CNN - 4 hours 6 sec ago
Banning Huawei not only affects Huawei's customers in the United States. It could also directly limit the country's ability to roll out 5G capabilities at the same time as the rest of the world, writes Joy Tan, SVP of public affairs at Huawei Technologies USA.
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- SCMP - Congress approves US$1 billion to help rural telecoms companies ditch Huawei and ZTE - 20 hours 13 min ago
United Airlines slashes Asia service because of coronavirusCNBC - 4 hours 7 min ago
United Airlines has reduced its Asia service because of coronavirus.
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Stocks making the biggest moves in the premarket: Wayfair, Beyond Meat, Disney, Peloton & more
CNBC - 4 hours 40 min ago
Beyond Meat and Wayfair fall on quarterly losses. BMO analyst names Disney his top pick.
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- CNBC - Tokyo Disneyland to close through mid-March on coronavirus concerns - 7 hours 7 min ago
- Reuters - Tokyo Disneyland to close through mid-March on coronavirus concerns - 10 hours 6 min ago
- FOX Business - Coronavirus to close Tokyo Disneyland through mid-March - 10 hours 38 min ago
- CNN - Tokyo Disney parks closing for two weeks over coronavirus - 12 hours 4 min ago
- NDTV - Tokyo Disney Parks Closing For Two Weeks On Virus Fears - 14 hours 25 min ago
- Deutsche Welle - Coronavirus updates: Tokyo Disney parks to close for 2 weeks; stock markets fall - 16 hours 43 min ago
OPEC leaning towards larger oil cuts as virus hits prices, demand: sources
Reuters - 6 hours 8 min ago
Several key OPEC members are leaning towards a bigger than previously expected oil output cut, four sources with knowledge of the talks said, as oil prices fell to $50 per barrel on fears the coronavirus outbreak will hit oil demand badly.
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- Bloomberg - Oil’s Worst Week Since 2011 Puts Pressure on OPEC+ to Respond - Yahoo Finance - 16 hours 42 min ago
As Thai students step up protests, is PM Prayuth Chan-ocha’s grip weakening?
SCMP - 8 hours 6 min ago
Thailand’s military-backed Prime Minister Prayuth Chan-ocha is reeling from a flurry of student protests and parliamentary attacks after the enforced break up of a popular pro-democracy party.The barrage of criticism in the past week after the Constitutional Court disbanded the Future Forward party threatens to weaken Prayuth’s grip on power. The 65-year-old leader of the 2014 coup transformed into an elected ruler after last year’s disputed general election, which was held under a charter ...
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- SCMP - Hong Kong lawmakers approve pay rise for civil servants despite opposition’s calls to block deal for police over their handling of anti-government protests - 13 hours 36 min ago
Aluminum smelter resurrected after Trump tariffs may close as losses mount
CNBC - 11 hours 34 min ago
"We are in prayer" mode, Magnitude 7 Metals chief executive Charles Reali said. "If things don't turn around in the next 60 days, I don't know."
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US Spy Agencies Monitor Virus Spread, Concerns About India: Report
NDTV - 14 hours 43 min ago
US intelligence agencies are monitoring the global spread of coronavirus and the ability of governments to respond, sources familiar with the matter said on Thursday, warning that there were concerns...
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- Bloomberg - Fragile Economic Recovery in India Faces New Risk from Virus - Bloomberg - 20 hours 6 min ago
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Cisco starts new round of job cuts due to slowing sales
FOX Business - 15 hours 20 min ago
Cisco Systems Inc. has started a new round of job cuts as the networking-equipment maker faces the prospect of slowing sales growth because of global economic uncertainty.
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- Reuters - Bed Bath & Beyond to cut about 500 jobs; expects about $26 million charge - 19 hours 37 min ago
- CNBC - Bed Bath & Beyond to cut 500 jobs, or 10% of its corporate workforce - 20 hours 36 min ago
Facebook to publicly track political sponsored content after paid Bloomberg memes
SCMP - 15 hours 44 min ago
Facebook will provide a way for people to track political sponsored content on Facebook and Instagram ahead of the US presidential election, it said on Thursday.The move comes after US Democratic presidential candidate Michael Bloomberg’s campaign started paying popular meme accounts on Facebook-owned Instagram to post content as part of its social media offensive ahead of the 2020 election.In tweets sent by Facebook director of product management Rob Leathern, the company said it had added a ...
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- Reuters - Facebook cancels developer conference as tech companies respond to virus - 18 hours 17 min ago
- NDTV - Facebook Cancels Developers Conference Due To Coronavirus - 18 hours 49 min ago
- Bloomberg - After Bloomberg memes, Facebook will publicly track political sponsored content - WHBL News - 21 hours 41 min ago
- SCMP - Facebook cancels F8 developers conference due to coronavirus - 21 hours 43 min ago
- CNBC - Facebook cancels its annual developer conference amid coronavirus outbreak - 23 hours 42 min ago
- CNN - Facebook cancels its biggest conference amid coronavirus concerns - 23 hours 50 min ago
Set daily movement goals and track your steps with Activity on your Apple WatchCNN - 17 hours 29 min ago
Your Apple Watch sends you everything from messages to the week's weather — and it's all right there on your wrist. Handy! But you may be missing out on one of the device's best features: the Activity app.
SEC orders Wells Fargo pay $35 million for recommendations of high-risk productsReuters - 19 hours 17 min ago
The U.S. Securities and Exchange Commission said on Thursday it ordered Wells Fargo & Co to pay $35 million to settle charges it failed to adequately supervise investment advisers who were recommending high-risk products.
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- Reuters - U.S. SEC orders Wells Fargo pay $35 million for recommendations of high-risk products - 19 hours 37 min ago
Facebook cancels conference, Microsoft withdraws from another on coronavirusReuters - 21 hours 51 min ago
Facebook Inc said on Thursday it would cancel its annual developer conference due to fears over the coronavirus outbreak and Microsoft Corp followed suit by withdrawing from a gaming conference scheduled for next month.
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- Reuters - Facebook, Microsoft shelve conference plans as coronavirus fears spread - 22 hours 33 min ago