Oil prices rose over 4% on Monday, reversing an early fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.
U.S. factory manufacturing activity slowed in February as new orders contracted, reflecting worries about supply chain disruptions related to the fast-spreading coronavirus outbreak, which has revived financial market fears of a recession.
Concerns about the spread of the coronavirus are sending shockwaves across the sports world. …read more […]
The coronavirus outbreak continued its relentless spread to other countries with the number of infections and deaths rising, forcing governments worldwide to race against the clock to prevent a pandemic. …read more […]
Amazon Prime in New York City is displaying an in-app notice that reads, “at this time delivery availability may be limited.” Yahoo Finance’s Dan Howley joins Seana Smith on The Ticker explain. …read more […]
Wall Street surged on Monday as investors hunted for bargains following reassurances by central banks that they stood ready to counter the economic impact from the coronavirus following last week’s steep sell-off.
Is it time to buy stocks after the latest Earth-shattering rout? Top Wall Street strategists weigh in on Yahoo Finance’s live programming. …read more […]
Minnesota Senator Amy Klobuchar announced she would be dropping out of the 2020 presidential race and will endorse Former Vice President Joe Biden, according to NBC,. Yahoo Finance’s Jessica Smith joins Zack Guzman, Brian Cheung and Salt Financial President Alfred Eskandar on YFi PM to break down the latest. …read more […]
Chevron Corp is offering buyouts to reduce its U.S. oil exploration and production workforce, three sources told Reuters, as the oil major moves to cut costs in the face of sharply lower oil and gas prices. The No. 2 U.S. oil producer decided to reduce staff after reviewing operations late last year as energy prices fell, the sources said. Chevron confirmed that it was offering buyouts to workers in its shale gas business in the eastern United States but did not c
Honda Motor Co Ltd will temporarily cut back production in Japan due to difficulty in sourcing parts from China amid the coronavirus outbreak, Nikkei Asian Review reported on Monday citing sources at auto parts suppliers and dealers.
(Bloomberg) — Tesla Inc. has had a rough couple months in two European markets Elon Musk counted on for growth last year.The U.S. carmaker registered just 83 new cars in Norway last month, compared with 1,016 vehicles during the same period last year, according to data from the country’s transport authority. In the Netherlands, registrations plunged 68% to 155 units.The results are a bad omen for two of only four countries for which Tesla breaks out revenue on a quarterly basis. Registrations in Norway and the Netherlands during the first two months of the year were down 77% and 42%, …read more […]
After last week’s series of turbulent sessions, the number of Americans looking to calm their nerves with a couple of puffs could be on the rise.
We just survived the fastest correction in market history.
Not to mention the largest single-day point drop ever!
It was the worst week in a dozen years for investors.
The Dow Jones Industrial Average shed 4,000 points in a matter of days.
The Nasdaq and S&P 500 cascaded lower. And now all three of the major indexes are deep in the red for 2020.
Fears of a coronavirus pandemic suddenly leapt to “ludicrous speed.”
Personally, I believe we’re way beyond oversold.
But …read more […]
The No. 2 U.S. oil producer decided to reduce staff after reviewing operations late last year as energy prices fell, the sources said. Chevron confirmed that it was offering buyouts to workers in its shale gas business in the eastern United States but did not comment on any other U.S. job cuts. Other oil and gas producers and service companies have begun cutting workers as prices have dived on soaring production and tepid demand, which has been made worse by the coronavirus outbreak. …read more […]
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