Stocks making the biggest moves midday: Norwegian Cruise Line, DXC Technology, Citigroup & more
A worker is seen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 28, 2020. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Apache Corp. – Shares of the exploration...
Fed faces headache, taps epidemiologists in hunt for policy clues
The escalating coronavirus outbreak is giving the U.S. Federal Reserve a policy headache like never before: how to judge the potential impact on the economy in the absence of reliable data on how fast the flu-like illness is spreading across...
Dow futures point to a loss of about 600 points after Tuesday’s surge
Traders work at the New York Stock Exchange. Johannes Eisele | AFP | Getty Images U.S. stock futures fell sharply on Tuesday night, pointing to another volatile session on Wall Street following a massive rally. As of 10:33 p.m. ET...
The economy is ‘like a coiled spring’ and a sharp rebound is possible, analysts predict
Investors should avoid getting too bearish after Monday’s global market rout, according to Patrick Armstrong, chief investment officer of Plurimi Investment Managers. Markets in Europe and the U.S. suffered their worst day since the financial crisis on Monday as a...
Op-Ed: The Fed does enough by following its mandate and keeping the public informed
The U.S. Federal Reserve could have saved itself an unnecessary — and counterproductive — interest rate cut last week by explaining to Americans that their fully employed economy needed no further credit easing. As a reminder, note that the Fed’s...
Bank stocks tank as bellwether JPMorgan drops the most since the financial crisis
The JP Morgan Chase flag outside company headquarters in New York. Peter Foley | Bloomberg | Getty Images Bank shares plunged Monday as collapsing oil prices and bond yields sparked worry that the widening impact of the coronavirus outbreak could...
Putin just sparked an oil price war with Saudi Arabia — and US energy 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...
Hotter winters, darker syrup: Maple farmers fear climate change will upend New York’s industry
Farmer Dana Putnam tries to tap a maple tree for sap, but is unsuccessful. His trees are producing less sap as the climate changes. Emma Newburger | CNBC ORANGE COUNTY, NY — Dana Putnam drilled into a maple tree, added...
Wall Street braces for more market volatility as wild swings become the ‘new normal’ amid coronavirus
Traders work during the opening bell at the New York Stock Exchange (NYSE) on February 28, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images The S&P 500 has never behaved like this, but...
Wall Street traders head to the suburbs as Citigroup joins other banks taking coronavirus precaution
A man runs past the New York Stock Exchange (NYSE). Bloomberg Hundreds of Wall Street traders are about to change their commute starting Monday. Citigroup is sending traders and salespeople from its headquarters in downtown Manhattan to a backup facility...
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