Economy - Finance > Index

Wall Street bounces after virus-driven selloff

1 month ago   |   By Reuters

U.S. stocks attempted a recovery on Wednesday after a rocky start to the week that shaved off more than 6% from the main indexes on growth concerns stemming from a global spread of the coronavirus.
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Wall Street expects 3 rate cuts this year as coronavirus fears spread

Wall Street expects 3 rate cuts this year as coronavirus fears spread

1 month ago   |   By Business Insider

As concerns about a fast-spreading viral outbreak escalate, Wall Street is increasingly betting the Federal Reserve will step in to shield the US economy.
The market-based probability that the central bank would slash interest rates three times this year was roughly 80% on Wednesday morning.
Investors expect a cut as soon as April.
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As concerns about a fast-spreading viral outbreak escalate, Wall Street is increasingly betting the Federal Reserve will step in to shield the US economy from strains.
The market-based probability that the...
Read more ...

 

Wall Street gains ground after virus-driven selloff

1 month ago   |   By Reuters

Wall Street's main indexes rose about 1% on Wednesday after suffering their worst four-day percentage fall in more than a year on fears of the economic damage from the global spread of the coronavirus.
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Stocks open higher on Wall Street following 2 steep drops

1 month ago   |   By Chron

NEW YORK - Stocks are opening higher on Wall Street as the market finds its footing following back-to-back drops of more than 3% as fears spread about economic fallout from the virus outbreak. Technology stocks and banks did well in early trading Wednesday. Bond prices fell back a bit after soaring over the past few days, a sign that investors were feeling a little less nervous. The S&P 500 rose 19 points, or 0.6%, to 3,148. The Dow Jones Industrial Average rose 157 points, or 0.6%, to 27,237. The Nasdaq added 85 points, or 1%, to 9,048. The yield on the 10-year Treasury note rose to...
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Wall Street rises at open following four-day rout

1 month ago   |   By Reuters

Wall Street's main indexes opened higher on Wednesday after suffering their worst four-day percentage fall in more than a year on fears of the economic damage from the global spread of the coronavirus.
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Economy On Lockdown: Jobless Rate Could Be Highest Since WWII

Economy On Lockdown: Jobless Rate Could Be Highest Since WWII

As efforts to slow the coronavirus pandemic temporarily put millions of Americans out of work, forecasters are predicting a record slowdown in the U.S. economy. Read more ...

The model that Trump is using to make decisions about the coronavirus shows...

The model that Trump is using to make decisions about the coronavirus shows shutdowns and social distancing could save 2 million lives

As many as 2.2 million people in the United States are predicted to die from COVID-19 without mitigation, according to an analysis that the White House is using to guide its... Read more ...

How to defer your bill payments if you've been financially affected by the...

How to defer your bill payments if you've been financially affected by the coronavirus

If you've been financially impacted by the coronavirus, you may be able to defer payments on your mortgage, credit card, auto loan, private student loan, or personal loan. Many... Read more ...

March consumer confidence plunge indicates ‘a severe contraction rather than...

March consumer confidence plunge indicates ‘a severe contraction rather than a temporary shock'

American consumers-the backbone of the economy-are feeling less confident as households start to feel the pain of the coronavirus slowdown. Consumer confidence dropped sharply... Read more ...

5 things to consider if you're thinking about opening a new credit card...

5 things to consider if you're thinking about opening a new credit card right now

If you're in a solid financial situation and you already have an emergency fund, opening a travel rewards card could make sense even during this period of financial... Read more ...

Marriott says at least 5.2 million guests' personal information was likely...

Marriott says at least 5.2 million guests' personal information was likely breached - the company's second major security incident in 2 years

5.2 million Marriott guests' information wasn't secured properly for more than a month in 2020, the hotel chain said Tuesday, and was possibly accessed by unauthorized... Read more ...

Trump Administration Weakens Auto Emissions, Rolling Back Key Climate Policy

Trump Administration Weakens Auto Emissions, Rolling Back Key Climate Policy

The Trump administration is replacing Obama-era fuel economy standards with weaker ones that will allow for more air pollution. Groups are already lining up to challenge the... Read more ...

The Coronavirus Economy: What it means to be a travel influencer when no one...

The Coronavirus Economy: What it means to be a travel influencer when no one can travel anywhere

Subscribe to Fortune 's Outbreak newsletter for a daily roundup of stories on the coronavirus outbreak and its impact on global business. Lifestyle blogger and content creator... Read more ...

A tech incubator inside the former US consulate building in Mexico is...

A tech incubator inside the former US consulate building in Mexico is helping startups succeed in the cross-border economy

The border between Ciudad Juárez, Mexico and El Paso, Texas, is a crucial manufacturing corridor where high-skilled labor is increasingly in demand. The Bridge Accelerator... Read more ...

Paul Krugman: The US economy is in a 'medically induced coma' and needs...

Paul Krugman: The US economy is in a 'medically induced coma' and needs massive fiscal aid to weather the coronavirus

Major parts of the US economy have been suspended to combat the spread of the novel coronavirus, and a surge in government spending is essential to offset the slowdown, Paul... Read more ...