The Dow Jones Industrials index was on course for its worst day since 1987 as President Donald Trump's sweeping move to restrict travel from Europe added to growing signs of corporate distress in the face of the coronavirus pandemic.
Oil prices fell, with Brent crude sliding 8% 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.
Got time and an iron stomach? Use this market decline to start plugging money into your Roth IRA accounts. Here are three ways to save.
German carrier Lufthansa has been forced by the coronavirus epidemic to halt the sale of the international operations of its airline caterer LSG, the company said on Thursday, confirming an earlier Reuters report.
The number of Americans filing for unemployment benefits unexpectedly fell last week as employers continued to hold on to their workers, but the coronavirus pandemic is expected to lead to an increase in layoffs as companies battle supply chain disruptions and sagging demand for some goods and services.
U.S. travel restrictions on passengers arriving from Europe's border-free Schengen area will affect passengers arriving on 6,747 flights over the next four weeks or 11% of all international flights, flight data provider OAG said.
Deutsche Bank's top executives sought to assure employees and investors over its ability to weather the coronavirus as shares in the German lender hit a new low on Thursday amid a wider stock market sell-off.
France's competition watchdog is set to fine iPhone maker Apple next Monday over anti-competitive behavior in its distribution and sales network, two sources close to the matter said on Thursday.
The Dow Jones index was on course on Thursday for its worst performance since Wall Street's "Black Monday" crash of 1987, as President Donald Trump's move to curb travel from Europe added to growing corporate distress over the coronavirus pandemic.
"In the absence of massive and decisive federal intervention that creates confidence in the market, it has the potential to be a multiyear" downturn, the Social Capital founder said Thursday.
JPMorgan Chase & Co has asked New York-area employees to work from home to stem the spread of the coronavirus, according to an internal memo seen by Reuters on Thursday.
Dimon was released one week after he underwent emergency heart surgery.
Billionaire investor Carl Icahn has raised his stake in Occidental Corp to nearly 10%, or about 88.6 million shares, saying the shares were undervalued, an SEC filing http://bit.ly/2Qb9byt on Thursday showed.
The Wharton School is offering a new course inspired by the coronavirus to teach about economic and business disruption caused by major black-swan events.
A coronavirus-induced meltdown on Wall Street and other financial markets saw prices plunge on Thursday for everything from stocks and corporate bonds to bitcoin, oil and gold -- wiping trillions of dollars from investment portfolios and company valuations.