Tag Archives: Breaking News: Business

NCAA conferences cancel tournaments amid wave of concern

NCAA conferences cancel tournaments amid wave of concern

A general view of empty seats as the Florida State Seminoles warm-up prior to the quarterfinals round of the 2020 Men’s ACC Basketball Tournament at Greensboro Coliseum on March 12, 2020 in Greensboro, North Carolina. The remainder of the tournament will be played with only essential tournament personnel, limited school …

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Sell-off deepens, trading halted, S&P 500 heads for bear market

Sell-off deepens, trading halted, S&P 500 heads for bear market

Traders work on the floor of the New York Stock Exchange (NYSE) on March 09, 2020 in New York City. Spencer Platt | Getty Images This is a live blog. Check back for updates. 8:41 am: Nike shares tank after footwear imports from China plunge 8:40 am: Less than an hour …

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WHO declares the coronavirus outbreak a global pandemic

WHO declares the coronavirus outbreak a global pandemic

The World Health Organization declared COVID-19 a global pandemic on Wednesday as the new coronavirus, which was unknown to world health officials just three months ago, has rapidly spread to more than 121,000 people from Asia, the Middle East, Europe and the United States. “In the past two weeks the number …

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Bank of England cuts main interest rate to 0.25% amid coronavirus

Bank of England cuts main interest rate to 0.25% amid coronavirus

Mark Carney, governor of the Bank of England (BOE), gestures while speaking during the bank’s quarterly inflation report news conference in the City of London, U.K., on Thursday, Aug. 2, 2018.  Simon Dawson | Bloomberg | Getty Images The Bank of England (BOE) announced Wednesday an emergency cut to interest …

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Trump expected to seek aid for shale companies hit by oil rout

Trump expected to seek aid for shale companies hit by oil rout

US President Donald Trump gestures after arriving on Capitol Hill as US Senate Majority leader Mitch McConnell (R-KY) and Senator Roy Blunt (R-MO) look on in Washington, DC on March 10, 2020. Nicholas Kamm | AFP | Getty Images As oil prices decline and pressure energy companies, President Donald Trump …

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Italy extends its quarantine to the entire country

Italy extends its quarantine to the entire country

A man wearing a protective mask passes by the Coliseum in Rome on March 7, 2020 amid fear of Covid-19 epidemic. Alberto Pizzoli | AFP | Getty Images Italy will expand the lockdown of the Lombardy region to the entire country, Prime Minister Giuseppe Conte said Monday as Italy’s case count surged, …

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Oil plummets 30% as OPEC deal failure sparks price war

Oil plummets 30% as OPEC deal failure sparks price war

Oil prices plunged 30% in early trading after OPEC’s failure to strike a deal with its allies regarding production cuts caused Saudi Arabia to slash its prices as it reportedly gets set to ramp up production, leading to fears of an all-out price war. International benchmark Brent crude futures plummeted 30% …

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Putin sparks an oil price war and US companies may be the victims

Putin sparks an oil price war and US companies may be the victims

Vladimir Putin just sparked what could end up being one of the ugliest oil price wars in modern history, and American oil and gas companies may be the victims. This weekend Saudi Arabia dropped the oil bomb. It not only cut its forward crude price to Chinese customers by as …

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Virus-hit cruise ship off California’s coast will dock in Oakland

Virus-hit cruise ship off California's coast will dock in Oakland

A cruise ship that was hit by the new coronavirus is headed to the port of Oakland, California, the captain told passengers Saturday night. Grand Princess Capt. John Smith, in a recording provided by passenger Laurie Miller of San Jose, told guests he anticipated arrival at the Port of Oakland …

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When you sell during a panic you may miss the market’s best days

When you sell during a panic you may miss the market's best days

Panic selling not only locks in losses but also puts investors at risk for missing the market’s best days. Looking at data going back to 1930, Bank of America found that if an investor missed the S&P 500’s 10 best days in each  decade, total returns would be just 91%, …

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