Wall Street rises at open after steep selloff
Wall Street's main indexes rose at the open on Monday, following their worst week in at least four months due to growth concerns stemming from the coronavirus epidemic.
Wall Street's main indexes rose at the open on Monday, following their worst week in at least four months due to growth concerns stemming from the coronavirus epidemic.
David Tepper told Jim Cramer that investors should be cautious as fears rise about the new coronavirus outbreak.
Peter Crawley has been appointed as Citigroup Inc's treasury and trade solutions (TTS) head for Britain and Europe, based in London, and will move into his new role with effect from April 6, according to a memo seen by Reuters.
U.S. stock index futures climbed on Monday, following steep declines in the previous session, as China took steps to relieve pressure on its economy from the impact of the coronavirus epidemic.
The dollar strengthened and a gauge of global stocks jumped, lifted by an unexpected rebound in U.S. manufacturing that helped temper fears that caused stocks overnight in Asia to plunge on the potential impact of the coronavirus in China.
Oil prices fell to the lowest in more than a year on Monday as the coronavirus outbreak curtailed Chinese demand and sparked potential supply cuts by OPEC and its allies.
Panasonic Corp reported the first quarterly profit in its U.S. battery business with Tesla Inc on Monday, after several years of production troubles and delays at the U.S. partner.
The move to begin making loans to small businesses in the latter stages of a decade-long U.S. economic expansion may increase the risks Goldman is taking on.
Oil prices fell to the lowest in more than a year on Monday, dragged down by concern over demand in China after the coronavirus outbreak, though the possibility of deeper crude output cuts by OPEC and its allies offered some price support.
U.S. stocks climbed on Monday as gains in Amazon and Nike as well as a surprise rebound in U.S. factory activity helped markets attempt a recovery from steep weekly losses due to concerns about the coronavirus epidemic.
Uber has told the Colombian government it is considering taking its dispute with the Andean country to international arbitration, the company's general manager for Latin America George Gordon told Reuters.
Softbank-backed WeWork named real estate industry veteran Sandeep Mathrani as its new chief executive, tasking him with turning around the embattled office-sharing startup after its botched attempt to go public last year.
Swatch Group has canceled a retailer event in Zurich at the end of the month because of the coronavirus outbreak, the Swiss watchmaker said on Monday.
Analysts warn Apple's closure of sales in China may lead to little or no sales in a key market while the country fights the coronavirus.
"Lower growth expectations, lower valuations, and a greater re-investment ratio" mean the concentration could be sustained," Goldman says.