European airlines bore the brunt of a dramatic expansion of the coronavirus crisis on Thursday, as U.S. travel curbs on much of the continent deepened the sector's misery and piled more pressure on governments to offer emergency support.
Oil prices fell more than 5% on Thursday after U.S. President Donald Trump unexpectedly announced restrictions on travel from Europe, in an attempt to halt the spread of coronavirus after the World Health Organization described the outbreak as a pandemic.
Global stocks plunged into a bear market and oil slumped on Thursday after U.S. President Donald Trump banned travel from Europe to stem the spread of coronavirus, threatening more disruption to the world economy.
In times of extreme market volatility, I would invite retirees to view the meaningful portion of conservative fixed income in their portfolio as their income engine in the short-term while their portfolio's stock exposure is designed to generate income years from now.
Even though the IRS is auditing fewer tax returns than it once did, the risk of hearing from the taxman still remains.
Even if Italy's draconian measures to stop the spread of coronavirus prove successful, they will leave an economy in tatters, with small and medium-sized businesses the hardest hit.
Private equity firm Blackstone Group Inc does not have a sweeping directive in place to encourage companies in its portfolio to draw down credit lines in a bid to ride out the coronavirus pandemic, the company said in a statement.
"They know nothing. We know more than they do, and that's not acceptable either," CNBC's Jim Cramer said.
Shares in Boeing Co dropped more than 16% on Thursday on increased concerns over a fallout from news of sweeping U.S. travel restrictions on Europe meant to curb the spread of coronavirus.
LATAM Airlines Group and Brazil carrier Azul SA said on Thursday they will cut capacity on international flights by up to 30% as demand collapses due to the global coronavirus outbreak.
President Trump has boosted the SBA's lending authority by $50 billion to boost credit lines to America's small business community, as panic sets in over credit liquidity.
American Airlines Inc and Delta Air Lines Inc both said Thursday they will cap air fares on flights from Europe to the United States that are impacted by new travel restrictions as Americans flock to European airports trying to return home.
The S&P 500 and the Nasdaq cratered into a bear market on Thursday as a shock move by President Donald Trump to suspend travel from Europe rattled investors already shaken by fears of a global recession on the back of a coronavirus pandemic.
The move is likely to be followed widely be other large New York-area employers. JPMorgan said it was following the request of Gov. Andrew Cuomo.
Lauryn Williams applies some of the same characteristics that made her a successful Olympian to her financial practice. Persevere, be disciplined, keep showing up.