U.S. employers maintained a robust pace of hiring in February, giving the economy a strong boost as it confronts the coronavirus outbreak that has stoked financial market fears of a recession and prompted an emergency interest rate cut from the Federal Reserve.
As the new coronavirus spreads and worldwide deaths linked to it top 3,400, global alarm is growing and has caused everything from consumer runs on face masks to mass school closures.
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.
The number of people in New York state who have tested positive for the coronavirus has increased by 11 to 33, governor Andrew Cuomo said on Friday.
The death toll from an outbreak of coronavirus in Italy has risen by 49 to 197, the Civil Protection Agency said on Friday, the largest daily increase in fatalities since the contagion was uncovered two weeks ago.
The Federal Reserve will cut U.S. interest rates by 25 basis points later this month but it is a close call, according to a Reuters poll of economists who have substantially raised their forecasts for the chances of a recession following the coronavirus outbreak.
The U.S. government is preparing to impose new measures as soon as next week to stifle Venezuela's oil exports, including a move not to renew Chevron Corp's license to do business with state-run company PDVSA, sources familiar with the matter said.
Southwest Airlines Co said on Thursday it expected a hit of up to $300 million to its first-quarter operating revenue from the new coronavirus outbreak, prompting it to cut its quarterly revenue outlook.
Social media giant Facebook Inc and Alphabet Inc's Google on Thursday recommended their San Francisco Bay area employees to work from home to minimize the risk of spreading Covid-19.
State Bank of India , the country's largest lender, is exploring a wide range of rescue options for struggling Yes Bank Ltd including a complete buyout of its private-sector rival, two sources familiar with the matter said.
Oil prices slid more than 3% on Friday after Reuters reported that Russia will not agree to steeper oil output cuts by OPEC and its allies to support prices in the face of a slump in oil demand because of the global coronavirus outbreak.
U.S. stock index futures dropped sharply on Friday as compounding fears about the economic damage from the coronavirus epidemic drove investors to perceived safe havens such as bonds and gold.
Greece has confirmed 14 new cases of coronavirus infection, health authorities said on Friday, bringing the total in the country to 45.
Traders of futures contracts tied to the Federal Reserve's policy rate were betting Friday on another, even bigger reduction to borrowing costs at the U.S. central bank's mid-March meeting.
An Australian family is rolling in a much-coveted commodity after mistakenly ordering 48 boxes instead of 48 rolls of toilet paper online.