U.S. stocks slumped in the final hour of trade Wednesday to end three days of gains, as investors monitored signs of a revival of the coronavirus pandemic in some U.S. states and China, while still hoping for a quick economic recovery as business activity resumes. Investors also parsed the second …
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Dear Moneyist, I work in a ship-building factory, and a member of senior management was exposed to COVID-19. He quarantined for 14 days, but when workers on the factory floor are exposed to the coronavirus, they are told to return to work only after a few days. Despite the public-health …
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After recovering a chunk of the losses racked up during the worst of the coronavirus-induced selloff last month, the stock market finds itself at a crucial inflection point, writes Alan B. Lancz. “The next 45 days may just become the most critical period in U.S. financial history,” he wrote in …
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Oil prices bounced off their lowest levels in 20 years on Thursday, as investors absorbed a huge influx of central bank and government support measures against economic fallout from the coronavirus and Russia indicated it would like to see higher prices. The front-month April West Texas Intermediate crude contract CLJ20, …
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There are some outlandish rumors about COVID-19, the disease caused by the new virus SARS-CoV-2, percolating on the internet: To some, it’s a dastardly bioweapon designed to wreak economic armageddon on the West; a left-wing conspiracy to damage the reelection prospects of President Trump; a virus that leaked from a …
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