When worries over the coronavirus shook U.S. stocks out of a period of quiet trading last week, investors wondered if the outbreak was the “Black Swan” event that would trigger a sharp decline. Less than a week later, talk has turned instead to a market melt-up.
When worries over the coronavirus shook U.S. stocks out of a period of quiet trading last week, investors wondered if the outbreak was the “Black Swan” event that would trigger a sharp decline. The sharp snapback has revived concerns among some investors that market participants are growing overly confident that easy money policies from central banks will underpin prices, despite serious risks to global growth from the coronavirus. …read more […]
A number of Chinese manufacturers including a subsidiary of Apple Inc partner Foxconn have refitted production lines to make masks and medical clothing, as a deadly coronavirus spreads across China.
Disney CEO Robert Iger has pledged to donate to a California elementary school after its PTA fined $250 for showing the Lion King during a fundraiser. …read more […]
The United States said on Thursday it was pushing hard for the World Trade Organization to reach agreement on cutting fishing subsidies in coming months and viewed those talks as a test of whether the global body can still achieve multilateral deals.
Boeing Co suppliers are shedding jobs and capacity to cope with a halt in 737 MAX output, but while that staves off chaos, aerospace executives worry the industry might be unable to ramp factories quickly enough when the plane wins approval to fly again.
U.S. job growth likely picked up in January, with unseasonably mild temperatures seen boosting hiring in the weather-sensitive sectors, indicating the economy will probably continue to grow moderately despite a deepening slump in business investment.
(Bloomberg) — Asian stocks retreated after their biggest daily jump since June, and U.S. futures slipped after Wall Street notched a fresh record high, as the global rally in risk assets paused Friday.Treasury yields dipped and equity gauges dropped from Tokyo and Seoul to Sydney after news of further coronavirus infections on a cruise ship off Japan offered a reminder that cases remain on the rise. Shares were lower in Shanghai and Hong Kong. Confidence that the epidemic won’t derail the 2020 global expansion has helped put global shares on course for the best week since June. The dollar was …read more […]
(Bloomberg) — Japan found an additional 41 coronavirus cases on a quarantined cruise ship, while the number of infections on China’s mainland climbed to more than 31,000.Beijing ramped up efforts to contain the coronavirus that has claimed 636 lives in the country, while at the same time voicing strong objections as other countries place more restrictions on travelers.A Chinese doctor who was initially sanctioned for warning about the deadly Wuhan outbreak in early January has died, stoking fresh anger online at the Communist Party-led government. Read the full story here.Key DevelopmentsChina death toll at 636, an increase of 73, with …read more […]
U.S. President Donald Trump expressed confidence in China’s strength and resilience in confronting its coronavirus outbreak during a conversation with President Xi Jinping on Thursday, a White House spokesman said.
Goldman Sachs Group Inc plans to raise $8 billion in only its second buyout fund since the 2008 financial crisis, bolstering its ability to secure deals worldwide, said two people with direct knowledge of the matter.
Honda Motor Co said Friday it will keep operations at its vehicle plants in Wuhan, China, suspended through Feb. 13, as previously planned.
Toyota Motor Corp on Friday said production at all of its plants in China would remain suspended through Feb. 16, joining a growing number of automakers facing output stoppages due to supply chain issues as the coronavirus outbreak spreads.
The South Korean government said on Friday it has asked Chinese regional governments for help in resuming production at South Korean auto parts suppliers’ factories in China.
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