Market

Asian shares hold on to gains but virus keeps markets on edge

18 minutes ago   |   Reuters

Asian stocks clung to gains on Wednesday, helped by a bounce in Australian shares, but risks for equities remain large as the coronavirus pandemic rattles the underpinnings of...
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Burgundy Producer Releases Back -Vintages To Combat Wine Tariffs

34 minutes ago   |   Forbes

Bouchard Père & Fils has decided to release back-vintages of their Premier Cru and Grand Cru Burgundy wines onto the American market while they are also preparing to release...
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Feds Warns Merchants Not Make Coronavirus Treatment Claims

Feds Warns Merchants Not Make Coronavirus Treatment Claims

1 hour ago   |   NPR

The FDA has sent warning letters to seven marketers of products including essential oils, nasal sprays and herbal concoctions. No treatments or vaccines for COVID-19 have been...
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Automotive Minute: 2021 Genesis G80 debuts pairing athleticism and elegance

Automotive Minute: 2021 Genesis G80 debuts pairing athleticism and elegance

1 hour ago   |   Biz Journals

Genesis, the luxury arm of Hyundai, can trace its lineage back to the Hyundai Genesis, a model that has since evolved into the Genesis G80. The midsize sedan's third generation...
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Business Aviation Threads The Needle Through Market Uncertainty

2 hours ago   |   Forbes

When it comes to predicting how the business aviation industry will fare, - well, it depends.
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Justice Department Looking Into Senator's Stock Selloff

Justice Department Looking Into Senator's Stock Selloff

2 hours ago   |   NPR

Senate Intelligence Committee Chairman Richard Burr sold off a large amount of stocks before the coronavirus market crash. The FBI will assess whether he was motivated by...
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Stock market down as it closes worst quarter since 2008

3 hours ago   |   Review Journal   |   2 articles

Stocks fell Tuesday to close out Wall Street's worst quarter since the most harrowing days of the 2008 financial crisis.
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U.S. pension funds may pour $400 billion into stocks, lifting virus-hit markets: JP Morgan

3 hours ago   |   Reuters

U.S. pension funds that delayed rebalancing their portfolios are likely to pump about $400 billion into stocks over the next two quarters, analysts at JP Morgan said, providing...
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Independent worker group calls for Whole Foods 'sick out' over coronavirus

4 hours ago   |   Reuters

An independent group of workers at Whole Foods Market called on colleagues to phone in sick to the grocer's stores on Tuesday to protest what they say is a lack of adequate...
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Xerox ends hostile HP Inc. bid, citing the coronavirus and market turmoil

5 hours ago   |   Fortune   |   5 articles

Xerox has cancelled its hostile takeover bid for HP Inc, citing the coronavirus epidemic and the resulting market turmoil. The copy machine specialist, which announced its...
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The 10 US cities most vulnerable to a housing downturn in a coronavirus-led...

The 10 US cities most vulnerable to a housing downturn in a coronavirus-led recession

A recent analysis by Redfin found the 10 US metro areas most at risk of a housing downturn in the coronavirus-led recession. The study measured each metro area on factors... Read more ...

Dow caps worst first quarter ever with 410-point drop on continued...

Dow caps worst first quarter ever with 410-point drop on continued coronavirus fears

US stocks declined on Tuesday as investors weighed a longer-than-expected recovery from the escalating coronavirus outbreak. The weak trading came as major banks revised their... Read more ...

Airlines pivot from passengers to cargo amid coronavirus crisis

Airlines pivot from passengers to cargo amid coronavirus crisis

The coronavirus outbreak has pushed the airline industry into strange territory. For American Airlines, that means - for the first time in 36 years - flying two cargo-only... Read more ...

More than 70% of Americans hospitalized with COVID-19 had at least 1...

More than 70% of Americans hospitalized with COVID-19 had at least 1 underlying health condition, the CDC says - here's the breakdown

In the US, 73% of patients hospitalized with COVID-19 have had at least one underlying condition, according to a new CDC report . People with preexisting health conditions... Read more ...

The New York State unemployment office typically gets 50,000 calls a week...

The New York State unemployment office typically gets 50,000 calls a week. Last week, it got almost 8 million

The number of people calling about unemployment benefits in New York State has spiked to more than 150 times its usual number, according to the state's budget director. "We... Read more ...

5 Democratic senators are pressuring Verily to drop the requirement for a...

5 Democratic senators are pressuring Verily to drop the requirement for a mandatory Google sign-in to use its COVID-19 testing website

Verily's screening website requires a Google sign-in. Lawmakers are asking why. A letter signed by five senators probes Verily on how it will handle sensitive user data... Read more ...

Xerox is reportedly dropping its $30 billion hostile takeover bid for for HP

Xerox is reportedly dropping its $30 billion hostile takeover bid for for HP

Xerox is ending its hostile bid to take over Hewlett-Packard, ending a corporate battle that got derailed by the coronavirus crisis, according to a report. Xerox will withdraw... Read more ...

New York Gov. Cuomo says it's 'not likely' recreational marijuana will be...

New York Gov. Cuomo says it's 'not likely' recreational marijuana will be legalized in New York's budget this year as the coronavirus outbreak is the focus in Albany

New York Gov. Andrew Cuomo said it's "not likely" that adult-use marijuana legalization will be included in New York's 2020 budget. In January, Cuomo said recreational... Read more ...

Amazon delivery drivers share what its like to be on the front lines of the...

Amazon delivery drivers share what its like to be on the front lines of the coronavirus pandemic, including not having time to wash their hands and uncleaned vans

Amazon delivery drivers are on the frontlines of the coronavirus crisis as COVID-19 continues to spread across the US. Drivers told Business Insider they regularly deliver... Read more ...

Tesla's biggest Wall Street bull slashes its price target more than 20% amid...

Tesla's biggest Wall Street bull slashes its price target more than 20% amid the coronavirus market rout

On Tuesday, Joseph Osha of JMP Securities lowered his Tesla price target to $840 from $1,060, a more than 20% cut. He previously held the highest Tesla price target on Wall... Read more ...