World stocks tumbled for the fifth straight day on Wednesday, while safe-haven gold rose back towards seven-year highs after health authorities warned of a possible coronavirus pandemic and markets stepped up bets on interest rate cuts.
It is too early for the European Central Bank to assess whether it needs to respond to the coronavirus epidemic with policy, even if the epidemic presents a risk to growth, Irish central bank chief Gabriel Makhlouf said on Wednesday.
In the face of a global health emergency, some university study abroad programs are sending students home immediately. Others are staying open — for now.
Delta Air Lines Inc said on Wednesday it has expanded its travel change fee waiver to include Seoul, South Korea, through April 30, as coronavirus spreads to regions outside China.
U.S. stocks rose on Wednesday after a rocky start to the week that shaved off more than 6% from each of the main indexes on growth fears as the coronavirus spread in several countries.
The U.S. Supreme Court on Wednesday refused to back stricter deadlines for workers to sue retirement plans over alleged mismanagement, ruling Intel Corp cannot avoid a suit accusing it of unlawfully making high-risk investments that cost retirement plan beneficiaries hundreds of millions of dollars.
Debt among older Americans has increased dramatically since 1999, due partly to the erosion of the country's social safety net.
Social Capital founder Chamath Palihapitiya said ESG investing is 'a lot of sizzle, no steak.'
Billionaire investor Chamath Palihapitiya disagrees with Berkshire Hathaway chairman Warren Buffett on the value of bitcoin.
Wall Street's main indexes rose about 1% on Wednesday after suffering their worst four-day percentage fall in more than a year on fears of the economic damage from the global spread of the coronavirus.
British challenger bank Virgin Money is planning to cut 500 jobs as it presses ahead with cost-cutting after bulking up through the merger of Virgin Money and Clydesdale and Yorkshire Banking Group in 2018, it said on Wednesday.
Walmart , the world's largest retailer, is in talks with third parties regarding a possible investment in Asda, its UK supermarket arm that it tried, and failed, to merge with rival Sainsbury's last year.
Oil prices edged up on Wednesday after U.S. crude in storage grew less than expected and gasoline inventories dropped, but hundreds of new coronavirus cases reported in Asia, Europe and oil-producing countries in the Middle East limited gains.
Lufthansa and United Airlines are considering taking over TAP-Air Portugal, a German newspaper reported on Wednesday.
What we can learn from the former mayor's tax return will depend on whether he releases a heavily redacted Form 1040. Look to these supplemental forms to shed light on Bloomberg's finances.