COVID-19, the disease caused by the new coronavirus that was first identified late last year in Wuhan, China, has been a dominant theme in the earnings releases and conference calls of S&P 500 companies as investors press for answers on how it will impact their financials. A FactSet search of …
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MARKETWATCH FRONT PAGE A more apropos adage for today’s market bears may be that when an outbreak of coronavirus grinds the world’s second-largest economy to a halt, the rest of the world catches a recession. See full story. My husband watches TV all day while I cook and clean. He …
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MARKETWATCH FRONT PAGE A more apropos adage for today’s market bears may be that when an outbreak of coronavirus grinds the world’s second-largest economy to a halt, the rest of the world catches a recession. See full story. Berkshire Hathaway posts $ 29.2 billion quarterly earnings and holds $ 128 …
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Pernod Ricard, the maker of Jameson whiskey and Absolut vodka, cut its annual profit growth outlook for 2019-2020 on Thursday, as it said China’s coronavirus epidemic was likely to have a “severe” impact on its third-quarter performance. The French spirits maker, which generates 10% of its global sales in China, …
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Gold futures on Monday headed modestly higher as investors fretted about the economic impact on China of the fast-moving outbreak of the coronavirus. The death toll for the novel strain of coronavirus climbed to more than 900 in mainland China, exceeding that of the severe acute respiratory syndrome, or SARS, …
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Volkswagen AG said Saturday that it has postponed production at some of its plants in China as the deadly coronavirus continues to spread. Saic Volkswagen — a joint venture between the German car maker VOW, -0.15% and SAIC Motor Corp. 600104, +0.71% — has postponed the production at its factories …
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BEIJING — China is considering possible countermeasures to cushion the blow from the coronavirus outbreak that is expected cause a temporary disruption to the economy, a central bank official said. “The coronavirus outbreak will be temporary and will not change the long-term improvement of China’s economy,” Pan Gongsheng, a vice …
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Reading Time: 2 minutes The coronavirus has officially made its mark in the United States with the Centers for Disease Control reporting its first case of human-to-human transmission. So what does that have to do with your mortgage rates? That news from the CDC caused the Dow to drop by …
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The coronavirus, a highly contagious, pneumonia-causing illness that infects the respiratory tract, was responsible for 304 deaths in China, with 45 new deaths reported in the previous 24-hour period, and 14,380 infections worldwide, according to the latest figures released by China’s National Health Commission on Sunday (late Saturday, EST). The …
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