Feed aggregator

Yields on U.S. Treasuries plunged to historic lows on Friday as fear the coronavirus outbreak will slam the global economy drove investors to snap up risk-adverse assets and dump equities, overshadowing data highlighting a strong U.S. labor market.

Colombia confirmed its first case of coronavirus on Friday, joining other South American countries that have reported cases of the fast-spreading disease.

Tesla Inc's Chief Executive Officer Elon Musk tweeted on Friday that the coronavirus "panic" was "dumb".

JPMorgan Chase & Co Chief Executive and Chairman Jamie Dimon told senior colleagues he "feels really good" after undergoing emergency heart surgery, and his doctors are "happy" with his recovery so far, sources familiar with the matter told Reuters on Friday.

JPMorgan Chase & Co CEO and Chairman Jamie Dimon is recovering from emergency heart surgery done on Thursday morning, with two deputies taking over as he recuperates, the largest U.S. bank said.

As the risks of the coronavirus outbreak continue to rise, U.S. officials are wrestling with what to do in the worst-case economic scenarios, if large numbers of people can't go to work, are told to stay home, or stop going out in public entirely.

United Arab Emirates discovered late on Friday 15 new coronavirus cases, the health ministry announced in a statement.

Costa Rica's government on Friday said it confirmed its first case of coronavirus, in a 49-year-old woman from the United States who is in the Central American nation with her husband.

U.S. stocks fell on Friday as fears of economic damage from the spread of the coronavirus intensified, though Wall Street's major indexes ended well above their session lows

Bank of America Corp is asking clients about their coronavirus contingency plans as part of its evaluation process of which deals to underwrite, according to sources.

Mastercard Inc closed its office in Sao Paulo and an annex location near its headquarters in New York after an employee was diagnosed with coronavirus.

The Saudi ministry of sports announced on Friday it will suspend public attendance at all sports events starting Saturday, a statement from the ministry reported.

Colombia confirmed its first case of coronavirus on Friday, joining other South American countries already reporting cases of the fast-spreading disease.

The outbreak of the new coronavirus is hammering Canada's tourism industry, a senior government official said on Friday, as the number of visitors from China plummeted and after the cancellation of a major technology convention.

Brent suffered its biggest one-day loss in more than 11 years on Friday after Russia balked at OPEC's proposed steep production cuts to stabilize prices as the coronavirus outbreak slows the global economy and hurts energy demand.

Bargain-hunting investors are eyeing the shares of airlines, hotels, cruise lines and other companies that have been among the worst-hit by the coronavirus outbreak.

Bank of America Corp is splitting its trading staff with about 100 employees working out of the Stamford location effective Monday, according to a source familiar with the matter.

The Trump administration may take targeted steps to stimulate the U.S. economy amid the coronavirus outbreak that is likely to temporarily drag down some sectors, White House economic adviser Larry Kudlow said on Friday.

Canada's official guidance on the novel coronavirus has been to test patients who recently traveled to affected areas, but some doctors and hospitals have expanded testing on their own, finding the first in a series of patients linked to Iran before the scale of the Iranian outbreak was known.

U.S. stock indexes tumbled on Friday as fears of economic damage intensified with the global tally of coronavirus cases crossing 100,000, sending investors scurrying to the safety of bonds.