Cookies help us deliver our services. By using our services, you agree to our use of cookies.

Economic news

Guggenheim's Scott Minerd Says Coronavirus May Be Worst Event in His Career - Bloomberg

Apple CEO Tim Cook: China getting coronavirus under control - Fox Business

Apple CEO Tim Cook told FOX Business' Susan Li Thursday that he is "optimistic" about China managing the coronavirus outbreak, which has slowed production at the tech giant's suppliers.
Audrey Conklin

Square Stock Is Up Sharply Thanks to Strong Earnings - Barron's

Ben Walsh

Here’s how the 30 Dow industrials companies are prepping for the impact of the coronavirus - MarketWatch

As the Dow Jones Industrial Average is in the midst of what could be its worst weekly decline since the financial crisis amid concerns regarding the spread...
Tomi Kilgore, Jacob Passy

Quick notes on the DoorDash IPO filing - TechCrunch

Earlier today, during an eye-popping market selloff, DoorDash announced that it has privately filed to go public. The decision to file privately will allow the high-valued startup to get its S-1 documents in good order with the SEC before showing the rest of …
Alex Wilhelm

Dunkin’s great new snack innovation is... a sack of bacon? - The Takeout

The 2010s were the decade that gave us bacon-flavored everything, from cologne to lube to envelope glue and beyond. Somehow it took until 2020, though, (February 26, to be precise) for a major brand to offer a product that’s just a sack of bacon. No buns. No …
Allison Robicelli

Jimmy John's linked to new E. coli outbreak, a day after FDA warning - CBS News

Agency warns consumers who have recently eaten sprouts at the fast-food chain to watch out for symptoms.
Kate Gibson

Etsy Announces It's Found a New Way to Gouge Sellers - Gizmodo

Etsy is rolling out a new campaign for offsite advertising that automatically enrolls its sellers and charges them a fee for sales from those ads, but some sellers won’t be able to opt out—meaning they’ll pay for the service whether they like it or not.
Catie Keck

Stock market corrections: How bad can they get and how long can they last? - USA TODAY

Stock market corrections, or drops of 10 percent from a high, are anxiety-inducing events. Here's what 401(k) investors need to know about future pain.
Dalvin Brown, Adam Shell

Some Chinese airlines drop ticket prices to $4 amid coronavirus outbreak - Fox News

Chinese airlines are reportedly offering basement-bargain flights for as cheap as a cup of coffee.
New York Post

Tesla sales in China drop despite start of local production, people panic and TSLA crashes - Electrek

Tesla’s sales in China have dropped significantly in the first month of the year despite Tesla starting local production and deliveries. The drop also happened before the ramp-up in fear over the coronavirus and now Tesla’s stock is taking a major hit. The en…

Facebook cancels F8 developer conference due to coronavirus concerns - The Verge

Facebook is canceling its annual F8 developer conference due to concerns surrounding the coronavirus. F8 is the latest major event to be canceled due to the virus, after MWC was canceled earlier in February.
Chaim Gartenberg

Thyssenkrupp seals €17bn private equity deal for elevator unit - Financial Times

Advent and Cinven sale draws hard-fought bidding process to a close

Steven Seagal settles with SEC over undisclosed bitcoin promotions - Engadget

The martial artist owes $314,000.
Marc DeAngelis

MRNA Stock Rocketed, Halted And Plummeted In A Matter Of Hours - Investor's Business Daily

Moderna took biotech investors on a ride Thursday as MRNA stock rocketed, was halted and then plunged in a matter of hours.
Investor's Business Daily

Anheuser-Busch CEO forgoes bonus as the brewer gets clobbered - CNN

It's been a difficult year for the seller of Corona, Budweiser and Stella Artois — and 2020 doesn't look much better.
Danielle Wiener-Bronner, CNN Business

Coronavirus could cost Trump the election, Goldman Sachs warns - CNN

A market meltdown. Surging recession fears. And a sudden spotlight on America's health care system. Goldman Sachs is warning Wall Street that the coronavirus could cost President Donald Trump the election.
Matt Egan, CNN Business

Stocks making the biggest moves midday: Virgin Galactic, Square, Tesla, Box, Etsy & more - CNBC

Check out the companies making headlines in midday trading.
Yun Li

JPMorgan says buy the dip, bank on Fed 'insurance' cuts - CNBC

"Investors should not discount the benefit of announced and unannounced global policy responses that are likely to outlast the impact of COVID-19," the bank said.
Yun Li

Best Buy CEO says lessons it learned from tariffs are helping as it adapts to coronavirus - CNBC

Best Buy factored supply chain disruption into its fiscal first-quarter and full-year guidance, but said it doesn't expect the outbreak to change consumer behavior.
Melissa Repko