The number of Americans with confirmed COVID-19 infections skyrocketed over the weekend, as commercial diagnostic service providers helped the Centers for Disease Control (CDC) to unwind a tremendous testing backlog.
What happened
Ubiquiti (NYSE: UI) stock -- like most stocks -- fell apart in Monday trading, closing the day down 10.7%. In fact, at one point, Ubiquiti apparently fell quite a bit faster than most stocks. According to TheFly.com, the first 20 minutes of trading this morning saw
What happened
Shares of cybersecurity stocks tumbled on Monday as the stock market suffered its worst day since 2008. A combination of the escalating novel coronavirus outbreak and a collapse in oil prices driven by a price war wreaked havoc on most stocks. Here's how some major
A Royal Bank of Canada employee working at one of the lender's suburban Toronto offices, who was earlier suspected of having contracted coronavirus, has tested positive, a spokeswoman told Reuters on Monday.
As the S&P 500 index has swooned more than 14% year to date as of this writing, it seems fewer and fewer sectors of the stock market may be able to withstand the disruption the COVID-19 epidemic is causing.
All the US indices plummeted in trading today as an oil price war commences, and the coronavirus outbreak creates what the markets are seeing as an “impending” economic fallout. Oil dived over 25% today amid a price war being waged by the Saudi’s on Russia, with crude futu
The Dow Jones Industrial Average shed more than 2,000 points in its worst day percentage-wise since the financial crisis in 2008, and triggered a circuit breaker that halted trading for 15 minutes.
What happened
Invitae's (NYSE: NVTA) shares lost 10.5% of their value today, as ongoing worry over a global economic slowdown more than offset expectations for significant sales growth in 2020.
Brazilian insurer Caixa Seguridade SA decided on Monday to cancel its initial public offering, two sources with knowledge of the matter said, amid concerns about the new coronavirus and plunging oil prices.
(RTTNews) - A massive sell-off in the energy section following a slump in crude oil prices sent the Canadian benchmark S&P/TSX Composite Index crashing to its lowest level in about 14 months on Monday.
The U.S. Consumer Financial Protection Bureau (CFPB) said on Monday it charged Fifth Third Bank, National Association, for creating fake client deposit and credit-card accounts and transferring clients' funds to those accounts without consent, citing an abuse of fair lending and savings laws.
Researchers from the University of Maryland have created a new CRISPR gene-editing system that can successfully modify the DNA of plants to a greater extent than was ever possible before.
Lebanon will resort to a disorderly default if creditors are unprepared to negotiate, broadcaster LBC quoted Finance Minister Ghazi Wazni as saying on Monday, while noting that assets held abroad such as gold will be difficult for investors to seize.
Record-high volatility and investor uncertainty have weighed on the IPO market in recent weeks, but blank check activity is as high as ever, indicating another banner year for the acquisition vehicles. So far in 2020, 19 SPACs have submitted initial filings with the SEC, a 111
Qantas Airways Ltd said on Tuesday it would cut its international capacity by nearly 25% over the next six months, including grounding most of its Airbus SE A380s, as it grapples with a plunge in demand from the coronavirus.
Vail Resorts (MTN) came out with quarterly earnings of $5.07 per share, missing the Zacks Consensus Estimate of $5.44 per share. This compares to earnings of $5.02 per share a year ago. These figures are adjusted for non-recurring items.
Stitch Fix (SFIX) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.
What happened
Shares of Britain-based drug company GlaxoSmithKline (NYSE: GSK) dropped 12.4% in February, according to data provided by S&P Global Market Intelligence. Coronavirus fears were responsible for some of the drop, but not all. The company also reported quarterly
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