NEW YORK: Fears of a coronavirus-fueled slowdown have injected volatility back into markets, but some investors may be less exposed this time around. The Cboe Volatility Index , known as Wall Street's fear gauge, jumped on Tuesday to a near 14-month high of 26.71. It recently traded at 25.71....
Wall Street's three major stock indexes fell almost 2per cent on Tuesday as the coronavirus spread further around the world and officials described it as "a rapidly escalating epidemic," a day after the S&P 500 and the Dow Industrials' biggest daily decline in two years.
Stocks across the globe fell on Tuesday to their lowest since mid-December and the benchmark U.S. debt yield was near a record low on lingering concerns about the economic hit of the spread of the novel coronavirus.
Oil fell below US$56 a barrel on Tuesday, dropping for a third day, as concerns about the spread of the coronavirus and its impact on oil demand outweighed OPEC output cuts and Libyan supply losses.
WASHINGTON: US consumer confidence edged up in February, suggesting a steady pace of consumer spending that could support the economy despite growing fears over the impact of the fast spreading coronavirus, which have roiled financial markets. The Conference Board said its consumer confidence ...
Thomson Reuters Corp said on Tuesday it had appointed former Nielsen Holdings Plc president Steve Hasker as its new chief executive officer, succeeding Jim Smith.
Johnson & Johnson said on Tuesday it would partner with Apple Inc on a study to use an iPhone app and the Apple Watch to study how earlier detection of afibrilation impacts stroke in people aged 65 or older.
Walt Disney Co's theme parks, resorts and cruise line will serve Impossible Foods' plant-based meat burgers, the companies said on Tuesday, a new win for the vegan patty maker that is broadening its reach across fast-food chains.
Eight candidates have applied to head Norway's sovereign wealth fund, the country's central bank said on Tuesday, as its board prepares to decide who should steer the global portfolio of assets worth US$1.1 trillion through a time of transition.
Department store chain Macy's Inc on Tuesday reported a small drop in sales and profit that topped analysts' expectations with the help of an uptick in holiday sales.
