Oil prices rose for a second day on Tuesday on expectations that central banks are likely to enact financial stimulus to offset the impacts of the coronavirus outbreak and growing optimism that OPEC will order deeper output cuts this week.
Facebook Inc is pulling out of this year's South by Southwest (SXSW) music and tech festival over growing concerns about the coronavirus outbreak, a spokesperson for the company said on Monday.
Elon Musk said late on Monday he supported Jack Dorsey remaining as Twitter Inc's chief executive officer, two days after reports that activist investor Elliott Management Corp has pushed for his removal from the role.
Wall Street surged on Monday as investors hunted for bargains following reassurances by central banks that they stood ready to counter the economic impact from the coronavirus following last week's steep sell-off.
Fears around the global spread of the coronavirus caused a dramatic sell-off in U.S. stocks last week, potentially upending retirement plans for many Americans.
Global shares and oil prices extended their rebound on Tuesday on mounting speculation policymakers around the world would move to ease the economic fallout from the spreading coronavirus.
The world's top three central banks look set to take steps to limit the economic damage from the fast-spreading coronavirus, with the heads of the European Central Bank and Bank of Japan issuing emergency statements on Monday that echoed one from U.S. Federal Reserve Chair Jerome Powell late last week.
G7 finance ministers and central bank governors will hold a conference call on Tuesday to discuss measures to deal with the widening coronavirus outbreak and its economic impact, a U.S. Treasury spokeswoman said on Monday.
Traders on Monday piled into bets the U.S. Federal Reserve will deliver a big dose of stimulus starting this month amid mounting concern over the economic impact from the coronavirus and indications that global central banks are readying a monetary rescue.
Trillium Asset Management LLC has called for the separation of Johnson & Johnson's chairman and chief executive officer roles, currently held by Alex Gorsky, according to a regulatory filing https://www.sec.gov/Archives/edgar/data/200406/000020040620000014/a2020jnjproxy.htm by the healthcare conglomerate on Monday.
Chevron Corp is offering buyouts to reduce its U.S. oil exploration and production workforce, three sources told Reuters, as the oil major moves to cut costs in the face of sharply lower oil and gas prices. The No. 2 U.S. oil producer decided to reduce staff after reviewing operations late last year as energy prices fell, the sources said. Chevron confirmed that it was offering buyouts to workers in its shale gas business in the eastern United States but did not c
The Dow Jones Industrial Average surged over 5% on Monday while the S&P 500 and Nasdaq each jumped more than 4% in a major rebound following last week's steep sell-off sparked by fears about the coronavirus.
Waymo, the self-driving unit of Alphabet Inc , said on Monday it had raised $2.25 billion in its first external investment round and expects to add more outside investors.
Japan's Honda Motor Co Ltd said on Tuesday it will temporarily cut back local production due to difficulty in sourcing parts amid the coronavirus outbreak.
Trillium Asset Management LLC has called for the separation of Johnson & Johnson's chairman and chief executive officer roles, currently held by Alex Gorsky, according to a regulatory filing https://www.sec.gov/Archives/edgar/data/200406/000020040620000014/a2020jnjproxy.htm by the healthcare conglomerate on Monday.