In the early days of the COVID-19 outbreak, the U.K. adopted a novel strategy: "herd immunity." The idea was that, since the case fatality rate (CFR) was apparently acceptably low, U.K. officials would do little to stop the spread of the disease. Instead, the virus would works i
What happened
Shares of internet travel company Trivago (NASDAQ: TRVG) fell as much as 12.9% in trading Monday as investors questioned how much the company's business will suffer as the COVID-19 outbreak spreads. At 2:40 p.m. EDT today, shares were still down 9.5%, and are dow
While utilities could come under pressure during the coronavirus crisis, some analysts say the stocks should continue to play their defensive role while also giving investors an attractive yield.
Royal Caribbean (NYSE: RCL) this week took a big step toward shoring up its finances in the wake of a historic drop in ticket sales and passenger volumes. The cruise giant said on Monday it has secured a new $2.2 billion credit arrangement that it has since drawn down fully. The
Delta Air Lines, Boeing and Darden are among the companies that have stopped paying a dividend, while JPMorgan Chase and McDonald’s are among those that has suspended their share repurchases.
The Bank of Canada has said that if necessary it can buy corporate and municipal bonds to bolster liquidity in the credit markets as the new coronavirus puts the brakes on the global economy.
Wells Fargo (NYSE: WFC) has reportedly asked the Federal Reserve to remove the asset cap placed on the bank as a penalty for creating millions of fake bank accounts in 2016. Reuters first reported the news, citing an anonymous source.
Boeing (NYSE: BA) on Monday said it was suspending all operations in the Puget Sound region for two weeks in response to the escalating COVID-19 coronavirus pandemic in the region.
German Economy Minister Peter Altmaier has dismissed calls by Italy and other European countries to introduce jointly issued debt, also known as euro bonds, as a way to finance measures to counter the economic impact of the coronavirus pandemic.
Brookfield Asset Management (NYSE: BAM) says it had been "expecting a recession and market washout for some time," but it didn't know a COVID-19 coronavirus outbreak would cause it. That's what the asset management company with more than $540 billion of assets under management t
Stocks fell but were off their lows as the fiscal stimulus bill fails a second procedural vote in the Senate. Another vote could still come later in the afternoon.
What happened
Shares of Starbucks (NASDAQ: SBUX) were down on Monday, as investors and analysts came to terms with the growing likelihood of extended retail shutdowns in North America and Europe.
The coronavirus pandemic has overtaxed an expanded-use system that just wasn't designed to handle the volume of requests it's getting right now for remdesivir, an experimental antiviral treatment from Gilead Sciences (NASDAQ: GILD).
Square's (NYSE: SQ) stock was cut in half over the past month as the novel coronavirus (COVID-19) pandemic forced businesses to close across the U.S. and around the world. Small businesses, which account for a large portion of Square's payment volume, could struggle to stay solv
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