Federal Reserve Bank of Dallas President Robert Kaplan said on Tuesday events are still too fluid around the coronavirus outbreak to say the U.S. central bank needs to lower short-term rates, the Wall Street Journal reported on Tuesday.
Revolve Group Inc. is finding Wall Street can be a tough crowd to satisfy. The Los Angeles-based e-commerce site reported its fourth-quarter earnings aftermarket Tuesday, highlighting nearly $601 million in sales for 2019, a 21 percent increase from its nearly $499 million haul the previous year. Its net income also rose 16 percent to roughly $36 million for the year. The numbers were buoyed by its strong showing in the fourth quarter, when the company drew in more active customers, and who also spent a little more. The company reeled in some 1.5 million active customers in the quarter, a …read more […]
California power producer PG&E Corp said on Tuesday it plans to raise up to $25.68 billion by selling securities, as it works its way out of the bankruptcy process.
U.S. Trade Representative Robert Lighthizer will meet with Britain’s trade minister Liz Truss this week, British government officials said on Tuesday, as the two allies gear up for post-Brexit trade talks that could prove contentious.
Billionaire Richard Branson’s space tourism company, Virgin Galactic Holdings Inc , said on Tuesday its fourth-quarter net loss widened to $73 million from a year-ago loss of $46 million as it reported its first results as a publicly traded company.
Walt Disney Co’s Robert Iger will step down as chief executive officer, handing the reins to Disney Parks head Bob Chapek, the company said on Tuesday, ending years of speculation on who will take over Hollywood’s most powerful studio.
Bitcoin and other cryptocurrencies had a brutal two days as well, calling into question a popular pitch some crypto believers push: that cryptocurrencies are a safe haven asset class. …read more […]
Cases of coronavirus are climbing around the globe, with the U.S. Department of Health and Human Services saying that cases of the virus throughout the Unite States will likely spike. Dr. Gregory Poland of the Mayo Vaccine Research Group joined The Final Round on Tuesday to discuss what this could mean. …read more […]
The Dow and the S&P 500 tumbled 3% on Tuesday in their fourth straight day of losses as the coronavirus spread further around the world and investors offloaded risky assets as they struggled to gauge the economic impact.
Technology shares — a key engine of the stock market’s climb to records over the last several months — are now among those leading Wall Street’s plunge on growing concerns over the coronavirus outbreak.
Stocks and oil prices tumbled again on Tuesday and the benchmark U.S. debt yield hit a record low on growing concern about the effects of the spread of coronavirus on the global economy.
It was certainly a day for the ages yesterday – as the Dow had one of the single worst days in history sparked by renewed coronavirus fears.
There must be something about the month of February. Here’s an important historical note that we all should consider…
Back in February of 2018, the Dow dropped more than 1,175 points on Monday – only to drop another 1,000 the following Thursday.
I bring this up because we could very well have a repeat downside performance as the week goes on. That precedent was set two years ago – and feels like it applies again today.
That’s …read more […]
Crude prices fell about 3% on Tuesday, dropping for a third day, as concerns about the spread of the coronavirus grew after the U.S. government warned Americans to prepare for the disease.
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