Finance

The Federal Reserve slashed interest rates on Tuesday in an extraordinary attempt to pre-empt economic fallout as fears about coronavirus mounted, with policymakers voting unanimously for their biggest single cut — and first emergency rate move — since the depths of the 2008 financial crisis. “The virus and the measures that are being taken to […]

In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus By MARTIN CRUTSINGER and CHRISTOPHER RUGABER AP Economics Writer March 3, 2020, 3:56 PM 4 min read WASHINGTON — In a surprise move, the

Thermo Fisher Scientific Inc., a maker of scientific instrument and laboratory supplies, is buying Qiagen in a deal valued at about $10.1 billion March 3, 2020, 1:54 PM 1 min read Thermo Fisher Scientific Inc., a maker of scientific instrument and laboratory supplies, is buying Qiagen in a deal valued at about $10.1 billion. Qiagen

Target is reporting strong fourth-quarter revenue, though its sales were a short of expectations during the crucial holiday shopping season By ANNE D’INNOCENZIO AP Retail Writer March 3, 2020, 11:58 AM 1 min read NEW YORK — Target is reporting strong fourth-quarter profits, though its sales were a short of expectations during the crucial holiday

Epidemiologists are nervously tracking signs that the coronavirus is spreading widely beyond its origins in China. Economists are watching for much the same thing when it comes to the economic damage. The global outbreak has caused upheaval in stock markets and disrupted supply chains around the world. But so far, there have been few signs

Malaysia’s central bank has reduced its key overnight policy rate to 2.5%, citing worsening economic conditions from the virus outbreak in a growing number of countries March 3, 2020, 8:48 AM 2 min read KUALA LUMPUR, Malaysia — Malaysia’s central bank reduced its key overnight policy rate by 0.25 percentage points to 2.5% on Tuesday,

As governments seek to contain the economic damage from the coronavirus outbreak, expect to hear two words that have been absent from the Washington lexicon for years: fiscal stimulus. Prominent economists and some lawmakers — most notably the senator and presidential candidate Elizabeth Warren, who released a stimulus plan Monday — are starting to wrestle

TOKYO — Shares in most Asian markets tracked overnight gains on Wall Street, but Tokyo’s benchmark fell back Tuesday as gnawing concerns over the virus outbreak chilled buying sentiment. Traders were awaiting talks between central bankers and other financial leaders of the Group of Seven industrial nations on how to tackle the slowdown brought on

Australia’s central bank has cut its benchmark interest rate by a quarter of a percentage point to a record low of 0.5% in response to the economic shock of the new coronavirus By ROD McGUIRK Associated Press March 3, 2020, 5:36 AM 2 min read CANBERRA, Australia — Australia’s central bank on Tuesday cut its

Wells Fargo & Co. has become the third major U.S. bank to announce it will not support financing for oil and gas projects in the Arctic March 3, 2020, 2:08 AM 2 min read ANCHORAGE, Alaska — Wells Fargo & Co. became the third major U.S. bank to announce it will not support financing for