Reuters

Morgan Stanley confirmed on Tuesday that an employee at the bank's campus in Purchase, New York, has tested positive for coronavirus, according to a bank memo obtained by Reuters that was verified by the bank.

Airlines around the world sank deeper into crisis on Tuesday as the worsening coronavirus epidemic and Italy's lockdown hammered passenger numbers, forced the cancellation of thousands of flights and led to the delaying of plane orders.

Airline SAS has invited unions to discuss a 20% work and pay cut for all employees as it fights to mitigate the effects of a slump in demand due to the coronavirus outbreak, it said on Tuesday.

Barclays Plc has told employees that a member of its trading staff in its Manhattan office has tested positive for the coronavirus, the company said on Tuesday.

(This 10th March story corrects fifth paragraph to clarify brokers' own inspections may be delayed)

Intel on Tuesday said EU antitrust regulators got it wrong when they fined the chipmaker 1.06 billion euros ($1.2 billion) more than a decade ago for thwarting a British rival in a case that could affect Google and Qualcomm.

Oil prices jumped by almost 8% on Tuesday, bouncing from the biggest rout in nearly 30 years a day earlier, as the possibility of economic stimulus encouraged buying and U.S. producers slashed spending in a move that could cut output.

The chair of the U.S. House Financial Services Committee has asked the Justice Department to review whether former Wells Fargo CEO Timothy Sloan broke the law in giving "misleading" sworn testimony to Congress.

Wall Street reversed course on Tuesday, pulling back from the brink of bear market confirmation as bargain hunting and stimulus hopes calmed investors' fears of recession and uncertainties surrounding the coronavirus.

Leaving bags of food on doorsteps or texting your delivery driver a picture of where you want your meal dropped off - these are new methods for U.S. consumers to get their orders as the coronavirus spreads.

While OPEC's de facto leader Saudi Arabia trades blows in a war for market share with Russia after their three-year pact to cut oil supplies collapsed last week, other OPEC states are already sounding the alarm over plunging oil prices.

U.S. President Donald Trump spoke with Saudi Arabia's Crown Prince Mohammed bin Salman in a call on Monday to discuss global energy markets, among other issues, the White House said on Tuesday without giving any other details.

Russia's Energy Ministry will meet with the country's oil companies on Wednesday to discuss future cooperation with the Organization of the Petroleum Exporting Countries, among other issues, two sources familiar with the plan told Reuters.

Saudi Arabia’s energy minister said on Tuesday he does not see a need to hold an OPEC+ meeting in May-June if there was no agreement on what measures should be taken to deal with the impact of the coronavirus on oil demand and prices.

Iraq is in touch with other OPEC+ members to discuss ways to stop an oil price collapse, the oil ministry said on Tuesday, adding that flooding markets was not in the best interest of producing countries.

BlackRock Inc said on Tuesday an employee in its New York office was diagnosed with the coronavirus, and has been in self-quarantine and working from home since March 4.

Wall Street rose 1% on Tuesday as investors pinned their hopes on policy easing by major central banks after global markets plummeted in the previous session on fears of a coronavirus-driven recession.

Oil and global equity markets recovered on Tuesday after the prior day's shellacking as the world's biggest economies moved to cushion the impact of the coronavirus, but stock gains in Europe failed to hold as investors remained skittish.

Large ecosystems such as the Amazon rainforest and coral reefs could collapse faster than scientists had previously assumed, according to a study published on Tuesday.

For money managers, it's bad enough watching the coronavirus wipe trillions of dollars off world markets' value. Even worse is not knowing how bad the outbreak really is for the economy, company balance sheets, and in turn for their portfolios.