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Updated: 4 years 29 weeks ago
Cash is king as emergency stimulus fails to stop market panic
The dollar surged and everything else was blown away on Thursday as emergency central bank measures in Europe, the United States and Australia failed to halt a fresh wave of panic selling.
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Oil rockets nearly 20% as investors hail coronavirus stimulus spending - for now
Oil prices surged as much as nearly 20% on Thursday, bouncing back from days of heavy losses in a relief rally that may yet be short-lived, analysts warned, but which was stoked by economic stimulus efforts to ward off a global coronavirus recession.
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Dollar surges, stocks fall as ECB fails to stop panic
The dollar surged, bonds plunged and global markets struggled to find their footing on Thursday as the European Central Bank's latest promise of stimulus provided only brief solace while the world struggles to contain the coronavirus pandemic.
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NYSE to shift fully to e-trading from Monday after two coronavirus cases
The New York Stock Exchange (NYSE) will temporarily close its trading floors and move fully to electronic trading from Monday, its owner Intercontinental Exchange Inc said after an employee and a trader were tested positive for the coronavirus.
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Just another trading day: Wild swings and dash for cash trigger selling
Another day of massive swings across asset prices was marked by scant liquidity as investors dashed for cash while systematic strategies triggered automated selling amid rising volatility, market participants said.
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Boeing-Embraer deal on knife-edge as markets tumble
Brazil has upheld proposals by Boeing Co to buy the jetmaking arm of Embraer , but plunging markets have raised urgent questions over the fate of the $4.2 billion deal as aviation reels from the coronavirus crisis.
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Airline industry turmoil deepens as coronavirus pain spreads
Airline industry turmoil deepened on Thursday as Qantas Airways Ltd told most of its 30,000 employees to take leave and India prepared a rescue package of up to $1.6 billion to aid carriers battered by coronavirus, government sources said.
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Harley-Davidson faces proxy fight with investor Impala
Harley-Davidson Inc faces a battle with one of its investors after Impala Asset Management said on Wednesday it will try to install two directors at America's oldest and best-known motorcycle maker.
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BlackRock stands by climate priorities, sees tougher shareholder votes
BlackRock Inc executives who set the asset manager's influential proxy votes on Tuesday outlined tougher priorities tied to climate change and executive pay for the upcoming corporate annual meeting season taking place amid the coronavirus pandemic.
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Asian stocks fight for a toehold as ECB stimulus slows panic
Asian stocks struggled to find their footing in volatile trade on Thursday, as the latest promise of stimulus from the European Central Bank propped up sentiment while the world struggles to contain the coronavirus pandemic.
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Qantas to cease international flying, tells majority of workforce to take leave
Qantas Airways Ltd said on Thursday it will halt all international flights from late March until at least the end of May and is putting two-thirds of its workforce on leave after Australia told citizens not to travel overseas due to the coronavirus.
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GM, Ford in talks with Trump administration on medical equipment production
General Motors Co and Ford Motor Co said on Wednesday they were in talks with White House officials about how they could support production of medical equipment like ventilators that may be needed to combat the coronavirus outbreak.
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GM, Mercedes to furlough all workers in Brazil, suggesting production stop
General Motors Co and Mercedes Benz will furlough all employees in Brazil later this month, the companies said on Wednesday, suggesting that production in South America's main auto center will be heavily impacted by the coronavirus outbreak.
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Asian stocks find support after ECB purchase program
Asian stock markets fought to stabilize on Thursday, as the latest promise of stimulus from the European Central Bank propped up sentiment while the world struggles to contain the coronavirus pandemic.
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Tesla to limit workers at California factory with virus lockdown order, county says
Tesla Inc has agreed to reduce the number of active workers at its California vehicle factory, but remains in talks about other measures to comply with a regional lockdown to curb the spread of coronavirus, a county spokesman said on Wednesday.
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Detroit automakers idle U.S. plants to combat coronavirus outbreak
The Detroit Three automakers will shut down their U.S. plants to stop the spread of coronavirus, bowing to pressure from the union representing about 150,000 hourly workers at those facilities, industry officials said.
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Wall Street slumps again as fears continue to spiral, Dow all but erases 'Trump-bump'
U.S. stocks deepened their selloff on Wednesday and the Dow erased virtually the last of its gains since President Donald Trump's 2017 inauguration, as the widening repercussions of the coronavirus pandemic threatened to cripple economic activity.
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Dow loses almost all that it gained during Trump's presidency
As Wall Street extended its deep sell-off on Wednesday over fears about the coronavirus, the Dow Jones Industrial Average effectively erased the last of the once sizeable gains it made under U.S. President Donald Trump.
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U.S. restaurants seek $455 billion of federal aid due to coronavirus hit
U.S. restaurants on Wednesday asked the White House and congressional leaders for at least $455 billion in aid to help them weather the coronavirus crisis, saying the industry could shed nearly half of its 15.6 million jobs and a quarter of annual sales.
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Nissan will suspend U.S. production through April 6
Nissan Motor Co said Wednesday it will temporarily suspend production at its U.S. manufacturing to boost containment efforts around the COVID-19 coronavirus.
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