Finance

BEIJING — Global stock markets and U.S. futures fell Monday after central bank moves to shore up economic growth failed to dispel investor’s fears over anti-virus controls that are shutting down global business and travel. There were no glimmers of optimism: Paris tumbled 9% shortly after the open, London sank 7% and Frankfurt gave up […]

LOS ANGELES, March 15, (Variety.com) – Much of public life in the United States essentially ground to a halt this week. In the entertainment world, theme parks shut down, Broadway went dark, studios pulled major tentpoles from their release calendar, and virtually all Hollywood movies and TV shows halted production as coronavirus continues to rapidly

On Saturday night, revelers in many parts of the country ignored warnings against attending large gatherings to prevent the spread of coronavirus. On Sunday, it became clear that in many places, the party is over. Illinois, Ohio, Massachusetts, Washington state and New York City are among the places that ordered bars to close and restaurants

China’s consumer spending and other business activity fell even more than expected in January and February due to its virus outbreak, adding to the ruling Communist Party’s challenges as it tries to revive the world’s second-largest economy March 16, 2020, 5:52 AM 2 min read BEIJING — China’s consumer spending and other business activity fell

The Bank of Japan has convened an emergency policy meeting after the U.S. Federal Reserve cut its key interest rate to 0.25% March 16, 2020, 3:48 AM 2 min read TOKYO — The Bank of Japan has convened an emergency policy meeting after the U.S. Federal Reserve cut its key interest rate to 0.25%. Bank

If the Federal Reserve’s surprise Sunday evening announcement of sweeping efforts to guard the economy from coronavirus reminded you of the 2008 global financial crisis, you’re not alone. In that episode, policymakers’ tendency to make surprise weekend announcements became a running joke. But the similarities between the Fed then and now go deeper than the

WASHINGTON — The Federal Reserve took massive emergency action Sunday to try to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds. The Fed’s surprise announcement signaled its rising concern that the viral outbreak will depress economic

Stock markets are set for another week of turbulent trading as U.S. index futures fell sharply after the Federal Reserve slashed interest rates and more companies and governments took action over the weekend to shut down European and American society March 15, 2020, 11:57 PM 3 min read NEW YORK — Stock markets are set

WASHINGTON — With the fast-spreading coronavirus posing a dire threat to economic growth, the Federal Reserve on Sunday night took the dramatic step of slashing interest rates to near-zero and unveiled a sweeping set of programs in an effort to backstop the United States economy. In addition to cutting its benchmark interest rate by a

ROME — Daily life came to a grinding halt around much of the world Sunday amid new travel restrictions, border shutdowns and sweeping closures of restaurants and bars aimed to slow the spread of the coronavirus pandemic. The numbers of cases and deaths continued to rise, including in hard-hit Italy where 368 more deaths brought