Wall Street's main indexes plunged on Thursday for the sixth straight session, with the S&P 500 confirming its fastest correction in history as the rapid global spread of coronavirus intensified worries about economic growth.
The Dow industrials posted the largest-ever points drop on Thursday as Wall Street led stocks across the globe lower, with traders fretting over the economic impact of the spreading coronavirus.
The U.S. Federal Communications Commission is set to propose fining four major U.S. mobile phone companies at least $200 million in total for improperly disclosing some consumer real-time location data, two people briefed on the matter said on Thursday.
Tellurian Inc stock dropped on Thursday after the company said it extended the amount of time India's Petronet LNG Ltd had to finalize an agreement to buy liquefied natural gas (LNG) from Tellurian's Driftwood plant in Louisiana.
The U.S. Securities and Exchange Commission said on Thursday it had ordered Wells Fargo & Co to pay $35 million to settle charges it failed to adequately supervise investment advisers who were recommending high-risk products.
Bed Bath & Beyond Inc would cut about 500 jobs, including management positions, as part of a restructuring program to turn around its business, the home-furnishing retailer said on Thursday.
Investment-advisors are increasingly worried that U.S. authorities are not be doing enough to prevent a widespread outbreak of coronavirus in the country, potentially adding further downside to already-battered markets.
Beyond Meat Inc said on Thursday it expects full-year sales to grow as much as 71%, after reporting that deals with retailers and restaurants helped to more than triple fourth-quarter sales and substantially narrowed its loss.
Occidental Petroleum Corp reported a quarterly loss on Thursday, as it took more than $1.7 billion in impairment and other charges.
Square has been an outlier in this week's payment stock wreckage.
The U.S. Federal Communications Commission (FCC) is set to propose fining four major U.S. mobile phone companies expected to total at least $200 million in total for improperly disclosing some consumer real-time location data, two people briefed on the matter said.
Wall Street's main indexes tumbled nearly 2% on Thursday and confirmed a correction that began last week, as the rapid spread of the coronavirus outside China intensified fears about the hit to economic growth and corporate earnings.
The U.S. economy grew moderately in the fourth quarter, the government confirmed, and is facing a bumpy road in early 2020 amid the fast-spreading coronavirus that has left financial markets fearing a recession.
Shares of Tesla Inc fell as much as 14% on Thursday on concerns about the impact of the coronavirus on the electric-car maker's vehicle registrations in China.
Opening statements began on Thursday in criminal charges against the U.S. arm of a French company and three executives over chemical fires that burned for days and injured emergency workers called to the site.