If an outbreak of coronavirus hits New York, it could cause more sharp selling of stocks, but markets would likely continue to function even if the floor of the New York Stock Exchange had to close.
The Dow Jones Industrials slumped more than 1,000 points in intraday trading for the third time this week on Friday, as the rapidly spreading coronavirus outbreak raised fears of global recession.
DraftKings is a sports betting outfitter with a 60% share of the market. And analysts estimate it to be worth billions down the road. As more states legalize sports betting, the market widens for DraftKings’ taking. Now, the company looks to expand operations throughout the U.S. And the best way to do that is offering a DraftKings IPO.
The company has announced that its going public. With this news, investors are anxious to get a piece of the action. But if investors are expecting a traditional IPO process, they’re in for a surprise.
DraftKings IPO: The Business …read more […]
There’s been a notable change in appetite for OPKO Health, Inc. (NASDAQ:OPK) shares in the week since its yearly… …read more […]
Some thoughts on the company 2019 results Continue reading… …read more […]
The Dow plunged further Friday, deepening this week’s global rout on fears that a deadly virus in China is spreading. …read more […]
South Carolina Republican chairman Drew McKissick says Democrats in the state are starting to ‘panic.’ …read more […]
The company misses estimates, but improves its balance sheet and resources Continue reading… …read more […]
Coty Inc on Friday named Jimmy Choo boss Pierre Denis as its next chief executive officer, replacing Pierre Laubies, betting on deep luxury fashion sector experience as the company tries to turnaround sales of its core hair care and cosmetics products.
Federal Reserve rate cuts are ‘a possibility’ if the outbreak of coronavirus intensifies into a global pandemic with death rates approaching yearly flu outbreaks, St. Louis Federal Reserve bank president James Bullard said Friday, in the U.S. central bank’s most explicit assessment yet of how the epidemic is influencing its thinking.
U.S. stocks opened sharply lower on Friday as investors dumped equities amid a rapidly spreading coronavirus outbreak, which has raised fears of a possible global recession.
The last few trading days, which have seen some of the worst market losses of the 2000’s, bring up some serious questions for investors. The stock markets reached record-high level in recent weeks, raising concerns about bubbles. Are these sharp drops just a correction, as buyers cash in their profits? Or is the market reacting to the coronavirus outbreak, and the chance that a global pandemic won’t just disrupt trade and travel but also break the Chinese economy and spark a global recession?These are some of the questions on investors’ minds, and there may be no easy answers. So, it’s …read more […]
Rolls-Royce has got to grips with a long-running engine problem and enjoyed a strong end to 2019, leaving it well placed to cope with any disruption caused by the coronavirus outbreak, it said on Friday.
U.S. consumer spending rose less than expected in January, a loss of momentum that could be exacerbated by the rapidly spreading coronavirus, which has triggered a sharp stock market sell-off and revived fears of a recession.
U.S. stock indexes were set for another sharp fall at the open on Friday as the rapidly spreading coronavirus outbreak raised the alarm for a possible global recession.
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