Major private equity firms, which have built up big distressed debt funds in recent years, are ready to snap up assets on the cheap if the coronavirus outbreak causes deeper market disruptions, executives told an industry meeting this week.
United Airlines Holdings (NASDAQ: UAL) is pulling down capacity to all of Asia, the latest sign of the deepening impact the coronavirus is having on global travel.
Target (NYSE: TGT) shares nearly doubled in 2019 as investors cheered good news on both the sales and profitability fronts. Not only did the retailer achieve some of its fastest customer traffic growth in over a decade, but it returned to margin expansion as customers enthusiast
If an outbreak of coronavirus hits New York, it could cause more sharp selling of stocks, but markets would likely continue to function even if the floor of the New York Stock Exchange had to close.
Congo's military intelligence chief died on Friday after suffering a heart attack, his wife said, following media reports that an investigation had been opened into allegations that he tried to destabilise the country.
The headlines are increasingly dominated by frightening images of people wearing masks or encased in hazmat suits along with words like “pandemic,” not exactly pleasant over morning coffee.
(RTTNews) - Shares of Big Lots, Inc. (BIG) are down more 28% after the discount store's fourth-quarter earnings missed estimates. The company also sees coronavirus related supply chain disruption in the first quarter.
In early trading on Friday, shares of Booking Holdings topped the list of the day's best performing components of the Nasdaq 100 index, trading up 0.8%. Year to date, Booking Holdings has lost about 18.5% of its value.
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If you thought we’d seen the worst of this coronavirus selloff… you were wrong.
REALLY wrong!
Thursday’s session saw the steepest drops yet with losses of well over 4% for each of the major indices. That’s in addition to a pair of 3% plunges earlier this week.
The N