Finance

The Dow is plunging again and other major indexes like the S&P 500 and the Nasdaq are suffering greater percentage declines March 6, 2020, 3:09 PM 5 min read The Dow over the past five days: up 1,293, down 786, up 1,173, down 967. The Dow tumbled 800 points at the opening bell Friday. The […]

LONDON/LOS ANGELES, March 6 (Reuters) – Business districts around the world began to empty and stock markets tumbled on Friday as the number of coronavirus infections passed 100,000 and the economic damage wrought by the outbreak intensified. An increasing number of people faced a new reality as many were asked to stay home from work,

SEOUL, South Korea — The Latest on the virus outbreak (all times local): 9:35 p.m. Thailand has denied entry to passengers and crew of a cruise ship that arrived at the popular Andaman Sea resort island of Phuket. Phuket Immigration Police Chief Col. Narong Chanaphaikul said his office would not allow the more than 2,000

Interest rate cuts won’t blunt the economic impact of a pandemic. Yet as the threat of the coronavirus threatens to tip the U.S. economy into a slump, that seems to be the federal government’s preferred solution.  Just this week, fresh off an emergency call with central bank leaders around the world, the Federal Reserve cut

The Labor Department will release hiring and unemployment figures for February at 8:30 a.m. Eastern time. Here’s what to watch for: The unemployment rate is expected to drop to 3.5 percent. Average hourly earnings are predicted to rise by 0.3 percent, after moving up 0.2 percent the previous month. That would push the year-over-year increase

SAN FRANCISCO — Coronavirus test results were expected Friday for some passengers and crew aboard a cruise ship held off the California coast. The Grand Princess lay at anchor near San Francisco on Thursday after a traveler from a previous voyage died of the disease and at least four others became infected. While the more

TOKYO — Asian shares slipped Friday as fears about the virus outbreak once again dominated financial markets. Japan’s benchmark Nikkei dived 2.7% to finish at 20,749.75. Australia’s S&P/ASX 200 lost 2.8% to 6,216.20. South Korea’s Kospi dropped 2.2% to 2,040.22. Hong Kong’s Hang Seng declined 2.3% to 26,145.32, while the Shanghai Composite skidded 1.2% to

Gap has named an executive at its Old Navy brand as its new CEO in the hopes that she can turn the struggling company around By JOSEPH PISANI AP Retail Writer March 5, 2020, 10:42 PM 1 min read NEW YORK — Gap on Thursday named an executive at its Old Navy brand as its

DETROIT — Prosecutors on Thursday charged the former president of the United Auto Workers with corruption, alleging he plotted with others to embezzle more than $1 million to splurge on private villas, golf outings, boozy meals and horseback rides on beaches. The federal government has been marching toward Gary Jones for months, after an embarrassing

The Federal Reserve Bank of New York president, John C. Williams, made clear on Thursday evening that officials viewed the emergency rate cut they approved earlier this week as part of an international push to cushion the economy as the coronavirus threatens global growth. Mr. Williams, one of the Fed’s three key leaders, spoke in