U.S. Treasury bonds rallied Wednesday afternoon as the accelerating spread of COVID-19 outside of China kept investors on edge, preventing a selloff in government bonds even as stocks looked to claw back from their worst back-to-back losses in several years. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, -1.54% was virtually unchanged at […]
There’s something different about the threat COVID-19 poses to the global economy. And that’s what has investors worried. “Because of its genesis in China, coronavirus is both a demand and a supply shock to the global economy,” said Brian Nick, chief investment strategist at Nuveen, in a Tuesday note. “Outside of China, however, evidence based […]
Bloomberg News/Landov Buckle up, it’s going to be a bumpy ride. Unless it’s not. Even as coronavirus concerns upended financial markets over the past week, exchange-traded fund investors have behaved in a very peculiar way. They have been relatively rational. That’s even as U.S. markets saw their worst two-day slide in stocks on record. Investors […]
Diageo became the latest multinational to measure the impact of the coronavirus epidemic on Wednesday as the world’s biggest spirits maker said the virus could hit profits by up to £200 million ($258.5 million) in 2020. For weeks, numerous companies across the globe have avoided quantifying the true cost of the virus and its potential […]
Investors looking to get back into the stock market once the selling stampede finally subsides might not want to chase the initial bounce, said a prominent Wall Street analyst. The Dow Jones Industrial Average DJIA, -0.46% DJIA, -0.46% turned lower Wednesday after jumping more than 460 points in early trade, while the S&P 500 SPX, […]
As the novel coronavirus continues to spread beyond China, the U.S. military announced its first confirmed case and commanders across the globe braced for the worst. The military had remained virtually untouched by the virus until this week. But late Tuesday U.S. Forces Korea announced that a 23-year-old male soldier stationed at Camp Carroll in […]
Sen. Elizabeth Warren continued to remake herself as a combative debater in Tuesday’s Democratic face-off in Charleston, S.C., and once again her target was former New York City Mayor Mike Bloomberg. Within minutes of the start of the debate she had indicted Bloomberg for his past support of Republicans and his treatment of women at […]
WASHINGTON — Top officials in the Trump administration struggled on Tuesday morning to justify their response to the growing threat of the coronavirus, which has sickened at least 80,423 people around the world and killed at least 2,712. Having spread well beyond its origin in the city of Wuhan in China, COVID-19, as the disease […]
Dine Brands Inc.’s restaurant chains had divergent results for the fourth quarter, driving mixed reactions from analysts. IHOP reported same-restaurant sales growth of 1.1%. But at Applebee’s, same-restaurant sales were down 2.5%. Overall, Dine Brands DIN, -8.14% reported a profit beat, but revenue missed expectations. Dine Brands also raised its dividend 10% to 76 cents […]
Author and personal-finance expert Suze Orman had a simple two-word answer to the question of how to react to a market that just shed more than 1,000 points on the back of growing uncertainties, including the spread of the coronavirus outbreak. ‘I rejoice.’ Orman said Monday on CNBC that investors should stay the course and […]