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Dow Falls Over 900 Points as Coronavirus Cases Surge and Lockdowns Loom

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US Stocks Dive 900-Plus Points as Coronavirus Anxieties Rage

Stocks have zigzagged this week as investors have assimilated the latest on the spread of the coronavirus and the response of the Federal Reserve and other poli...

Canopy Growth closes 2 greenhouses, eliminating 500 jobs | Grow

The bad news continued for the company as Canopy also said it would take estimated pre-tax charges of approximately $700-800 million in the quarter ending March...

Coronavirus testing post-crisis maxim that rate cuts alone can buoy markets

Painting a picture of a widespread and growing impact, the report underscores the Fed's decision Tuesday to make an emergency interest rate cut to boost confi...

Federal government to form cabinet committee to address coronavirus response

On Tuesday, Adam Scotti, official photographer to Justin Trudeau , shared two sweet photos of the Canadian Prime Minister holding his daughter during a meeting...

Robinhood to offer case-by-case compenstion after trading app outages

Although some reports suggested that the technical outage at Robinhood was caused by a significant increase in trading volumes on the platform , the company di...

OPEC backs extra 1.5 million bpd output cut if Russia joins in

The group will meet in Vienna on Thursday and Friday to discuss economic damage from the excess supply amassed as COVID-19 hampered global travel. On Tuesda...

PMI increases, minister upbeat on industry investment growth

A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no...

Dow industrials surge 500 points, extending volatile streak

Central banks in New Zealand, the United Kingdom, European Union, Japan and several others are also expected to cut rates in the next few weeks. A broad-based...

Carney warns of 'large' economic shock from coronavirus

Mr Carney said the economic impact in hard-hit countries around the world could be felt across at least one quarter and possibly two as the mitigation measures...

COVID-19 | 6 members of Delhi patient’s family test positive for coronavirus

Paytm has advised all its employees to work from home for the next couple of days while the Gurugram unit gets sanitised, according to the statement. Witnessi...

Bank of Canada expected to cut interest rate amid coronavirus concerns

The Fed cut by 50 bps in an emergency move yesterday and Governor Stephen Poloz has said they don't like to have rates below the Fed so this isn't a huge surpri...

Italian coronavirus deaths jump to 79, cases climb above 2,500

Italy is the last country to be hit hard by the virus with 6 dead and more than 229 infected as of today. The contagion came to light 12 days ago and is focus...

Supreme Court Quashes RBI Ban on Cryptocurrency Banking

Moreover, there was no law in place banning cryptocurrency , it was only a circular putting a ban on banks from "providing any service in relation to virtual...

Robinhood Says 'Thundering Herd' Caused Outage, Remedies Still Being Considered

The company, which has about 10 million users, said it would offer compensation for yesterday's outage, including billing credits and months of free service...

Launch Failure: Dow Plunges 785 Points After Fed Slashes Rates

Bond prices and yields move opposite to each other. Gold, another traditional safe-haven asset, rose 1.8%. "We just got to an extremely oversold situation o...

Fed orders 1st emergency rate cut, a half-point, since financial crisis

It was the index's eighth daily decline in nine days. They face greater opposition to further cuts. "The fundamentals of the USA economy remain strong", the ...

USA stocks fall in volatile trading

The Dow Jones Industrial Average closed 785.91 points lower, or almost 3%, to 25,917.41; it rose more than 300 points earlier in the day. USA stocks spiked,...

Reserve Bank of Australia cuts official rate to 0.5 pct, cites coronavirus

The outbreak is plunging the world economy into its worst downturn since the global financial crisis more than 10 years ago, the Organisation for Economic Coope...

Government takes over Northern franchise after widespread criticism

The government has officially taken over the running of services across the Northern network. Just 72% of passengers were satisfied with their journey. Chris ...

Coronavirus: Global markets bounce back

The Fed's move Tuesday left investors divided - something that was reflected in the wild moves up and down that occurred in the minutes that followed. Tuesday's...

What to do if you are sick with coronavirus disease

Department of State. These federal agencies are monitoring the COVID-19 situation overseas and providing guidance to potential travelers. Among all of the U...

Twitter staff told to work from home over coronavirus fears

Twitter's head of human resources Jennifer Christie said: "Our goal is to lower the probability of the spread of the Covid-19 coronavirus for us - and the worl...

Donald Trump urges calm even as U.S. reports worrisome new virus case

The United States needs funds to finance a response to the coronavirus , a White House spokesman said on Monday, without directly confirming reports the admi...

COVID-19 | Amazon confirms first virus case among U.S. employees

The coronavirus has made its way into Seattle's biggest employer and one of America's most-iconic companies. Community spread of COVID-19 in Washington ...

Fed rate cut soothes, then spooks investors

Meanwhile, expressing scepticisms over Central Bank's measures to grapple with a fast-spreading coronavirus outbreak, fallouts of which the U.S. officials app...

Coronavirus: G7 fails to assuage investors with policy statement

The group consists of Canada , France , Germany , Italy , Japan , the United Kingdom and the United States . Companies worldwide have been buffeted by a...

Thousands of migrants search for ways to cross Greek border with Turkey

The action by Turkish President Recep Tayyip Erdogan triggered days of violent clashes and scenes of chaos at the land border, while hundreds of others have...

India stocks up for Coronavirus, restricts exports of 26 pharma ingredients

China, the largest supplier of APIs in India, is now under lockdown, making Indian firms worry about possible shortage. "Export of specified APIs and formul...

Australia cuts rate to record low 0.5% because of virus

The AUD is just above its 10-year lows versus the United States dollars trading at 65.3 cents with a 25 basis point rate cut today around 80% priced in. Share...

US Pres. Trump: Fed should ease and "cut rate big"

Goldman Sachs economists said in a note Sunday that they believe the Fed might cut rates by 50 basis points even before the March policy meeting, with its analy...