Reuters

U.S. consumer prices unexpectedly rose in February but could drop in the months ahead as the coronavirus outbreak depresses demand for some goods and services, outweighing price increases related to shortages caused by disruptions to the supply chain.

Delta Air Lines Inc said on Wednesday it was extending the suspension of all flights between the United States and China from April 30 to May 31 due to the coronavirus outbreak.

Activist investor Starboard Value LP has nominated a minority slate of directors to eBay Inc's board, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak. Several have grounded many flights and ditched their financial outlooks.

Employees at the largest U.S. oil companies have lost around $5 billion in retirement savings since the end of 2018 because of outsized bets on their own slumping stock, according to a Reuters analysis of company disclosures, a trend exacerbated by the recent crash in oil prices.

Warren Buffett intends to wait until around April 1 to decide whether the coronavirus outbreak will require changes to Berkshire Hathaway Inc's annual shareholder weekend a month later, Omaha, Nebraska's mayor Jean Stothert said.

Uber Technologies Inc on Wednesday said it may temporarily suspend accounts of riders and drivers who have tested positive for the coronavirus or been exposed to it at the direction of health authorities.

The New York Stock Exchange is taking steps to separate traders on the floor of its iconic 11 Wall Street building and employees of the NYSE and its parent Intercontinental Exchange Inc , to reduce the risk of spreading coronavirus, according to an internal memo sent Wednesday.

The dollar weakened and global equities markets slid again on Wednesday, with Wall Street sharply lower, as the previous day's high hopes of government stimulus to tackle the coronavirus soured on the hard reality of still little action.

Boeing Co is freezing new hiring and overtime except in certain critical areas in efforts to preserve cash due to the coronavirus outbreaks and the 737 MAX grounding, people familiar the matter said on Wednesday.

Federal Aviation Administration chief Steve Dickson confirmed Wednesday the agency has rejected Boeing Co's proposal to leave wiring bundles in place on the grounded 737 MAX.

Oil prices fell on Wednesday after Saudi Arabia and the United Arab Emirates announced plans to boost production capacity and OPEC and the U.S. Energy Information Administration (EIA) slashed oil demand forecasts because of the coronavirus outbreak.

Goldman Sachs said on Wednesday the S&P 500 bull market, the longest on record, is likely to end soon, forecasting a 28% slump from its February peak as the fast-spreading coronavirus is seen taking a toll on corporate profits.

The mayor of Omaha, Nebraska said on Wednesday that Warren Buffett would prefer to wait until one month before Berkshire Hathaway Inc's annual shareholder weekend to decide whether to change its plans because of the coronavirus outbreak.

Saudi Arabia has asked state agencies to submit proposals for cuts of at least 20% to their budgets in a fresh austerity drive to cope with a sharp drop in oil prices, four sources familiar with the matter said.

U.S. Senator John Thune said on Wednesday he believes the Trump administration is evaluating use of the Strategic Petroleum Reserve, and other measures, to help oil producers deal with the plunge in crude prices due to the coronavirus and a price war between Saudi Arabia and Russia.

A large minority of Walt Disney Co shareholders who cast votes at the company's annual meeting on Wednesday opposed the company's executive pay plan, Disney said.

The office of California Attorney General Xavier Becerra will not appeal a court's decision that a merger of wireless carriers Sprint Corp and T-Mobile US Inc may go forward, it said on Wednesday.

U.S. stock indexes tumbled on Wednesday as investors worried over the absence of immediate measures from President Donald Trump's administration to counter the economic fallout from the coronavirus outbreak.

German sportswear makers Adidas and Puma warned on Wednesday of a major decline in sales in China due to the coronavirus and said while there were early signs of improvement there the impact had spread to other markets.