Business - /contrib/business/

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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
Coronavirus spread prompts Fed to slash rates in surprise move...
In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus.
By Anonymous Submission on 2020-03-03 17:03 UTC
Dow rallies 1,294 points, most in its history...
US stocks rebounded sharply on Monday, with the Dow logging its biggest point gain in history. Stocks are coming off their worst week since the 2008 financial crisis. The Dow last week dropped 12.4%, while the S&P 500 plunged 11.5%. The Dow also recorded
By Anonymous Submission on 2020-03-02 21:38 UTC
Costco Customers Overwhelm Stores In Some Cities, Strip Shelves Bare Of Tissues, Sanitizer, Other Goods...
Shoppers at Costco stores in some cities overwhelmed the businesses , stripped its shelves bare of tissues and other supplies, and even fought with each other over goods, as some panicked Americans tried to prepare for the spread of coronavirus. Even as c
By Anonymous Submission on 2020-03-02 21:36 UTC
Dow Jones surges more than 1,200 points on hopes that central banks will act to shelter global economy from coronavirus...
Dow Jones surges more than 1,200 points on hopes that central banks will act to shelter global economy from coronavirus
By Anonymous Submission on 2020-03-02 21:28 UTC
British Airways cancels 24 flights on its $1 billion route between London and New York as business travel craters due to coronavirus...
British Airways is canceling 24 flights between New York and London in response to reduced demand from the spread of coronavirus in Europe. The New York-London route is British Airways' flagship with numerous frequencies on some of its largest aircraf
By Anonymous Submission on 2020-03-02 21:27 UTC
Stocks stage major rally from coronavirus rout as investors anticipate Fed response...
Submitted to Category: /contrib/business/, /contrib/economy
U.S. stocks increased dramatically on Monday as investors hoped that the Federal Reserve and other central banks would ease money in response to the slowdown in commerce generated by the coronavirus outbreak.
By Anonymous Submission on 2020-03-02 21:24 UTC
Report: 3,200 Amazon Delivery Drivers to Be Laid Off in April...
Submitted to Category: /contrib/business/, /contrib/amazon
As many as 3,200 Amazon delivery drivers will be laid off by the end of April due to the company cutting ties with contractors, a recent report states.
By Anonymous Submission on 2020-03-02 21:24 UTC
South Korea's Samsung Electronics closes mobile device plant after coronavirus case confirmed...
Samsung Electronics shut one of its mobile device factories in South Korea after a worker tested positive for the coronavirus, the Yonhap news ...
By Anonymous Submission on 2020-03-01 06:03 UTC
Powell says Fed Reserve will act as needed in response to coronavirus...
Federal Reserve Chair Jerome Powell on Friday said the US economy remains in solid condition although the coronavirus outbreak poses a risk and the central bank will act as appropriate to provide support. "The fundamentals of the US economy remain str
By Anonymous Submission on 2020-02-28 20:14 UTC
Coronavirus is hurting American Airlines, other Texas companies. How bad can it get?...
Coronavirus is prompting American Airlines and other commercial carriers to slash routes, and also is dramatically hurting stock prices. Others in the travel industry brace for a ripple effect.
By Anonymous Submission on 2020-02-28 20:13 UTC
Where Tech Stock Valuations Stand Following a Massive Selloff...
Submitted to Category: /contrib/business/, /contrib/tech/
With the Nasdaq down nearly 15% from last week's highs, valuations for many tech companies now look pretty reasonable, even if one applies a discount for coronavirus-related uncertainty. At the same time, multiples for some recent high-flyers are stil
By Anonymous Submission on 2020-02-28 20:13 UTC
Dow falls 1,191 points, biggest one-day drop in history...
US stocks again sold off sharply on Thursday as worries about coronavirus mounted. The three main indexes fell into correction territory and are on track for their worst week since the financial crisis. The Dow dropped 1,191 points, or 4.4% in its worst o
By Anonymous Submission on 2020-02-27 22:09 UTC
Stock market rout deepens on virus worries; indexes lose 4%...
Submitted to Category: /contrib/business/
The Dow Jones Industrial Average sank nearly 1,200 points Thursday, deepening a weeklong global market rout caused by worries that the coronavirus outbreak will wreak havoc on the global economy.
By Anonymous Submission on 2020-02-27 22:08 UTC
US companies say the coronavirus outbreak could hit China revenues by 50%...
Some US companies are bracing for the revenue they make in China to be cut in half if the novel coronavirus outbreak extends into the summer.
By Anonymous Submission on 2020-02-27 18:32 UTC
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