Finance

NEW YORK — One of President Donald Trump‘s first impulses in response to the outbreak of the coronavirus in China was to suggest it was a buying opportunity in the U.S. stock market. Even as the global peril of the virus has escalated, Trump has leaned hard on his decades of experience as a businessman, […]

WASHINGTON — President Trump has spent the past several weeks dismissing concerns about any economic effects from the coronavirus and insisting that American companies and consumers are in no danger. On Monday, after stock markets suffered their worst single-day decline in more than a decade, Treasury yields reached new lows and oil prices plummeted, Mr.

Stocks and bond yields have tumbled as an oil war broke out in the middle of the viral outbreak that has beset markets for weeks March 10, 2020, 1:22 AM 5 min read NEW YORK — U.S. companies buffeted by supply chain chaos and a growing awareness of the scope of a viral outbreak are

WASHINGTON — No one knows where the coronavirus will show up next, whether authorities can contain it or how much damage it will leave behind. But professional investors aren’t taking any chances. Spooked by uncertainty over the outbreak and an ill-timed oil war between Russia and Saudi Arabia, panicked Wall Street traders dumped stocks Monday,

MILAN — Italian Premier Giuseppe Conte says travel restrictions and other strict public health measures will be imposed nationwide starting Tuesday to try to stop the spread of the new coronavirus. Conte said Monday night that a new government decree will require people throughout the country of 60 million people to demonstrate a need to

LONDON — Europe had already been teetering toward trouble. Even before the coronavirus outbreak quarantined the industrial heart of Italy and emptied the teeming streets of Venice, before France banned public gatherings and major trade shows were canceled in Germany and Spain, economists were openly warning about the prospect of an economic downturn across the

NEW YORK — Coronavirus fears and a crash in oil prices sent a shudder through financial markets Monday, with stocks plummeting so fast on Wall Street that they triggered the first automatic halt in trading in over two decades. The Dow Jones Industrial Average plunged more than 2,000 points at one point during the day,

FRANKFURT, Germany — A clash of two oil titans – Saudi Arabia and Russia – is sending shock waves through energy markets, with wide-ranging implications for consumers and oil companies, including those in the No. 1 producing country, the United States. In the short term, oil prices fell by the most in one day since

There are rare moments when the world economy seems to be reconfiguring itself beneath our feet. These can be startlingly fast bursts, not obvious to people who are just going about their business, but glaringly so to those who interpret the moves of financial markets. March 2020, it is now abundantly clear, is one of

Wells Fargo Board Chairwoman Elizabeth Duke and director James Quigley are leaving the company March 9, 2020, 3:01 PM 2 min read NEW YORK — Wells Fargo Board Chairwoman Elizabeth Duke and director James Quigley are leaving the company. The announcement Sunday arrived less than a month after the bank agreed to pay a $3