Feed aggregator

Apple Inc has reopened all 42 of its branded stores in China, more than a month after they were shut due to fears over the coronavirus outbreak, the iPhone maker's Chinese website showed on Friday.

Asia's stocks were poised to plunge further on Friday as panic gripped world financial markets and even safe-haven assets such as gold were ditched to cover losses in the wipeout.

Crushing asset sell-offs ranging from bitcoin to precious metals and European stocks accompanied Wall Street's slide into bear market territory on Thursday, as investors liquidated positions across their portfolios to raise cash.

Pharmacy chain Walgreens Boots Alliance Inc and supermarket chain Kroger Co on Thursday placed purchase limits on certain products to stabilize inventory, as customers stock up on essentials amid a global coronavirus outbreak.

Gap Inc leaned on its turnaround plan to forecast 2020 profit above market expectations on Thursday, but flagged a $100 million sales hit in Asia and Europe from the coronavirus, which has also started impacting its home market.

New U.S. restrictions on Europeans entering the United States are fueling additional bookings for business jet flights, which were already in higher demand this year because of coronavirus, executives said on Thursday.

Broadcom Inc withdrew its revenue forecast for 2020 on Thursday, joining a host of chipmakers that have either cut or pulled their sales outlook due to demand and supply disruptions caused by the coronavirus outbreak.

Wall Street tanked on Thursday, slamming the book on the longest-ever U.S. bull market after new travel restrictions to curb the coronavirus spread spooked investors and rattled world markets.

An avalanche of selling in stocks on fears over the coronavirus outbreak took Wall Street's "fear gauge" to its highest level since the financial crisis on Thursday.

Growth in cloud business helped Oracle Corp top quarterly profit and revenue on Thursday and said the coronavirus will have "minimal impact" on the fourth-quarter revenue, which is usually skewed toward software licenses rather than hardware.

Workplace communication platform Slack Technologies Inc forecast a soft revenue outlook for the first quarter on Thursday, sending its shares down more than 20% aftermarket, on a day major U.S. stock indexes went into a tailspin amid coronavirus fears.

Amazon.com Inc on Thursday said it was recommending that employees globally work from home this month if they are able to do so, while warehouses and other facilities stayed operational so packages could keep shipping to customers.

AT&T Inc said on Thursday it is waiving data overage fees for all home internet users who are not currently on unlimited data plans, citing the coronavirus outbreak, while Comcast Holdings Corp said it was raising data speeds on the internet service it offers low-income people.

Banks are talking up their online and mobile banking capabilities to customers as more Americans look to avoid public places amid the coronavirus outbreak.

Working from home went from optional to mandatory across Wall Street this week as financial firms reported their first confirmed cases of coronavirus and the outbreak triggered a state of emergency in New York City.

Airlines on Thursday appealed for urgent government financial support as transatlantic carriers rushed to cut flights in the wake of new U.S. travel restrictions on Europeans aimed at combating the coronavirus outbreak.

Panic hit world financial markets on Thursday after stimulus efforts from the European Central Bank failed to calm investors alarmed by U.S. moves to restrict travel from Europe because of the coronavirus pandemic.

For three years, U.S. President Donald Trump has touted a stunning run-up in the stock market as evidence of his success in the White House. In the space of three weeks, most of those gains have evaporated.

Slack Technologies Inc forecast lower-than-expected billings for fiscal 2021 on Thursday and saw its expenses soar in the fourth quarter, sending its shares down more than 20% aftermarket.

Gap Inc forecast 2020 profit above market expectations on Thursday as it pushes through its restructuring plan, but said it expected an impact of $100 million in first-quarter sales due to the fast-spreading coronavirus in Asia and Europe.