Month: March 2020

European markets opened higher Tuesday with the fast-spreading coronavirus putting the continent in shutdown mode and fueling fears of an impending recession. The pan-European Stoxx 600 climbed 2.7% at the start of trading, autos adding 5% to lead gains as all sectors except travel and leisure entered positive territory. Europe’s lockdown over the coronavirus continues
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Another wrinkle for the travel industry may emerge as the novel coronavirus, or COVID-19, continues its rapid spread across the country: airline passengers who don’t have proper identification to fly domestically beginning in October. At least two states have now asked the federal government to delay the enforcement date for when travelers must comply with
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With stocks nosediving again, Wall Street strategists are mostly punching in the dark because of the uncertainty surrounding the coronavirus outbreak and economic impact. But they are giving clients some idea of what needs to happen for stocks to eventually bottom here. Stocks plunged on Mondayt even after the Federal Reserve’s emergency move to ease lending
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Treasury Secretary Steven Mnuchin testifies before a Senate Appropriations subcommittee on Capitol Hill in Washington, May 15, 2019. Jonathan Ernst | Reuters This is a developing story. Check back for updates. Treasury Secretary Steven Mnuchin told CNBC on Monday that there will be a surge of demand for stocks once the coronavirus threat abates. The
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The U.S. Federal Reserve‘s latest moves — which include cutting interest rates to zero — deserve applause, even though the American economy could still head into a recession given the uncertainty around the coronavirus outbreak, a former Fed official said. “I think recessionary conditions are definitely a risk and we’re dealing with so much uncertainty
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The Atlas V 431 rocket rolled out to the SLC-41 pad December 17 in preparation for the EchoStar XIX satellite launch December 18. Lockheed Martin and United Launch Alliance While schedule delays are nothing new in the business of space, companies in the estimated $400 billion industry are largely bracing for widespread work from home policies that
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