Business - /contrib/business/

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Stocks nosedive on Wall Street, triggering trading halt...
NEW YORK (AP) - Stocks are down 9% after trading resumed on Wall Street following a temporary halt Monday morning. Markets are down by similar percentages around the world as huge swaths of the economy come closer to shutting down due to the coronavirus o
By Anonymous Submission on 2020-03-16 14:40 UTC
Abercrombie & Fitch, Levi Strauss and VF Close Stores in Coronavirus Response...
Abercrombie & Fitch ANF, Levi Strauss LEVI and VF Corp. VFC said they would be closing stores in the face of the coronavirus. Broad-market trading was halted shortly after the open because a flood of selling triggered circuit breakers. At last check, Aber
By Anonymous Submission on 2020-03-16 14:40 UTC
25 Million XRP Head to Bistamp From Ripple Whale Wallet...
The recent market sell-off may not affect only stocks and Bitcoin (BTC). Apparently, XRP whales are also looking for a fiat position, as one wallet moves 24.95 million tokens to a crypto exchange. Who is this Whale? A recent "whale" transaction re
By Anonymous Submission on 2020-03-13 03:01 UTC
Cryptocurrencies see $93.5 billion wiped off value in 24 hours as bitcoin plunges 48%...
The fall in cryptocurrency markets comes amid a broader sell-off in equities as governments worldwide continue to grapple with the spread of the new coronavirus.
By Anonymous Submission on 2020-03-13 02:59 UTC
Bitcoin Falls Below $5K as Market Pain Deepens...
Bitcoin fell below $5,000, but some investors have long-term hopes.
By Anonymous Submission on 2020-03-13 02:58 UTC
Jing Fong, NYC's largest Chinese restaurant, closes as coronavirus hurts business...
Jing Fong, the city's largest Chinese restaurant, has closed. After 48 years in business, the iconic restaurant known for its classic dim sum carts, is shuttering due to a slowdown triggered by the coronavirus outbreak, said Claudia Leo, the restauran
By Anonymous Submission on 2020-03-13 01:27 UTC
AT&T is suspending broadband data caps for home internet customers due to coronavirus...
AT&T is suspending the broadband data caps for home internet customers due to the coronavirus' effect on the American workplace. With so many people now working from home, there's sure to be a massive uptick in data usage due to teleconferencing a
By ceres on 2020-03-12 22:24 UTC
NY Fed vows to pump in $1.5 trillion to fight coronavirus-linked 'highly unusual disruptions' on Wall Street...
The New York Federal Reserve is taking out the big guns to calm panicky financial markets.
By Anonymous Submission on 2020-03-12 20:37 UTC
Worst day on Wall Street since 1987 as virus fears spread; Dow closes down 9.99%...
The Dow industrials plunged more than 2,300 points, or 10%. The sell-of came despite action from the Federal Reserve and the European Central Bank.
By Anonymous Submission on 2020-03-12 20:21 UTC
ViacomCBS, NBC cancel 'upfront' ad sales presentations...
(Reuters) - ViacomCBS and Comcast Corp’s NBCUniversal said Thursday they will cancel their live “upfront” presentations, where advertisers preview upcoming TV shows, and will instead stream the presentations online as concerns about the coronavirus outbreak grow.
By Anonymous Submission on 2020-03-12 18:56 UTC
Layoffs? Hiring freezes? Pay cuts? Furloughs? Employers weigh options...
Job growth has been a key driver of U.S. economic growth — now experts fear the coronavirus will dampen hiring.
By Anonymous Submission on 2020-03-12 14:34 UTC
And the Winner Is? Deflation!...
Those in power always choose inflation because, in their minds, it is less upsetting to the social order than deflation. And their power rests on maintaining the current social order. Deflation benefits savers and, frankly, normal people who don’t have access to new money at the lowest available
By Anonymous Submission on 2020-03-11 18:10 UTC
Barclays reports confirmed case of coronavirus on New York trading floor...
Barclays PLC told employees on Tuesday that an employee in its Manhattan office has tested positive for the coronavirus and has advised employees who have worked in the vicinity or had meetings with the individual to self-quarantine for 14 days, according
By Anonymous Submission on 2020-03-10 19:03 UTC
Trump compares coronavirus to flu in tweet, says lower gas prices 'good for consumer'...
As the Dow Jones Industrial Average plummeted amid fears of the coronavirus outbreak, President Donald Trump appeared to be frustrated with the outbreak in a series of morning tweets.
By Anonymous Submission on 2020-03-09 15:29 UTC
Stock trading briefly halted after plunge over coronavirus fears. What does it mean?...
Trading on the New York Stock Exchange stopped after a precipitous drop in prices tripped a "circuit breaker" that automatically halted trading for 15 minutes Monday. The circuit breaker tripped ... Click to Continue
By Anonymous Submission on 2020-03-09 15:28 UTC
iPhone sales plummet by more than 60% in China during coronavirus outbreak...
Apple takes a hit thanks to the coronavirus outbreak.
By Anonymous Submission on 2020-03-09 15:19 UTC
Oil prices plunge 20% amid worries producers won't cut supplies enough to match falling demand in virus-weakened economy...
NEW YORK (AP) — Oil prices plunge 20% amid worries producers won't cut supplies enough to match falling demand in virus-weakened economy. The post Oil prices plunge 20% amid worries producers won't cut supplies enough to match falling demand
By Anonymous Submission on 2020-03-09 05:26 UTC
US economy added 273,000 jobs in February...
Submitted to Category: /contrib/business/, /contrib/economy
The US economy added 273,000 jobs in February and the unemployment rate fell to a historically low 3.5%. The jobs survey was taken before coronavirus fears overtook Corporate America.
By Anonymous Submission on 2020-03-06 14:45 UTC
Starbucks REFUSING to serve customers with reusable mugs due to coronavirus...
Starbucks is temporally refusing to serve customers who bring in their own reusable mugs over fears that they may be spreading coronavirus The post Starbucks REFUSING to serve customers with reusable mugs due to coronavirus appeared first on The Post Mill
By ceres on 2020-03-05 17:32 UTC
ViacomCBS looking to sell book publisher Simon & Schuster...
Submitted to Category: /contrib/business/
NEW YORK (AP) — ViacomCBS, fresh off a merger, is looking to sell its Simon & Schuster book publishing business as it tries to raise cash to pay down debt and please shareholders with dividends...
By Anonymous Submission on 2020-03-04 19:25 UTC
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