Finance

FRANKFURT, Germany — The widening coronavirus outbreak threatens to seriously disrupt the global economy, just as it was steadying itself against headwinds from the U.S.-China trade dispute. Amid concerns that global output could decline for the first time since the global financial crisis a little more than a decade ago, stock markets sank Monday. In […]

U.S. stocks fell sharply Monday, following a sell-off in overseas markets, as a surge in virus cases and a worrisome spread of the disease outside China sent investors running for safety By DAMIAN J. TROISE AP Business Writer February 24, 2020, 4:58 PM 5 min read NEW YORK — U.S. stocks fell sharply Monday, following

OxyContin maker Purdue Pharma is rolling out an advertising campaign to let people know they can file claims against the company over the toll of its opioids By GEOFF MULVIHILL Associated Press February 24, 2020, 3:06 PM 3 min read OxyContin maker Purdue Pharma launched an ad campaign Monday to tell people harmed by their

China’s Huawei has unveiled its latest folding smartphone, its first such device to be available internationally February 24, 2020, 1:39 PM 2 min read LONDON — China’s Huawei unveiled its latest folding smartphone Monday and its first such device to be available internationally, competing in a niche category with new models from Samsung and Motorola.

The Conference Board issues its latest index of consumer confidence Tuesday February 24, 2020, 6:10 AM 2 min read A look at some of the key business events and economic indicators upcoming this week: EYE ON CONSUMERS The Conference Board issues its latest index of consumer confidence on Tuesday. Economists expect this month’s index will

The U.S. Supreme Court is set to wade into a long-running battle between developers of a 605-mile natural gas pipeline and environmental groups who oppose the project By DENISE LAVOIE Associated Press February 24, 2020, 6:37 AM 3 min read The U.S. Supreme Court is set to wade into a long-running battle between developers of

SAN FRANCISCO — Over the past decade, technology start-ups grew so quickly that they couldn’t hire people fast enough. Now the layoffs have started coming in droves. Last month, the robot pizza start-up Zume and the car-sharing company Getaround slashed more than 500 jobs. Then the DNA testing company 23andMe, the logistics start-up Flexport, the

BANGKOK — Shares skidded in Asia on Monday after reports of a surge in new virus cases outside China. The decline followed a sell-off Friday on Wall Street. South Korea’s Kospi dropped 3.9% to 2,079.04, while the S&P ASX/200 in Sydnay lost 2.3% to 6,978.30. Hong Kong’s Hang Seng dropped 1.6% to 26,865.61 and the

Shares are falling in Asia after reports of a surge in new virus cases outside China By ELAINE KURTENBACH AP Business Writer February 24, 2020, 5:00 AM 3 min read BANGKOK — Shares skidded in Asia on Monday after reports of a surge in new virus cases outside China. The decline followed a sell-off Friday

The average U.S. price of regular-grade gasoline remained steady at $2.53 per gallon over the past two weeks February 23, 2020, 10:30 PM 1 min read CAMARILLO, Calif. — The average U.S. price of regular-grade gasoline remained steady at $2.53 per gallon over the past two weeks. Industry analyst Trilby Lundberg of the Lundberg Survey