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Updated: 20 hours 17 min ago

Love in the time of coronavirus? Around the world, dating finds a way

Thu, 03/19/2020 - 22:42
The night after Spain's government ordered a nationwide lockdown to stem the spread of coronavirus, 30-year-old Marcos got up the nerve to ask the woman he'd been messaging on Tinder for three days to visit him at home.

Exclusive: Moody's readying for mass global downgrade of virus-hit firms

Thu, 03/19/2020 - 22:26
Credit rating agency Moody's is carrying out a global review of its corporate ratings in light of the coronavirus and oil price slump, with a first mass wave of downgrades or downgrade warnings likely in the coming days.

ECB to print 1 trillion euro this year to stem coronavirus rout

Thu, 03/19/2020 - 22:24
The European Central Bank launched 750 billion euro emergency bond purchase scheme in a bid to stop a pandemic-induced financial rout from shredding the euro zone's economy and raising fresh concerns about the currency bloc's viability.

Factbox: ECB measures to stem economic rout

Thu, 03/19/2020 - 22:24
The European Central Bank has taken a string of measures to stem an economic meltdown caused by coronavirus epidemic, promising to do everything necessary to hold the euro together.

Coronavirus layoffs push U.S. weekly jobless claims to 2-1/2-year high

Thu, 03/19/2020 - 22:23
The number of Americans filing for unemployment benefits surged by the most since 2012 to a 2-1/2-year high last week, as companies in the services sectors laid off workers because of the coronavirus pandemic.

Bank of England cuts rates to 0.1%, ramps up bond-buying

Thu, 03/19/2020 - 22:22
The Bank of England cut interest rates to 0.1% on Thursday, its second emergency rate cut in just over a week, and promised 200 billion pounds of bond purchases in a fresh attempt to shield Britain's economy from the coronavirus outbreak.

U.S. oil surges 20% after three-day sell off

Thu, 03/19/2020 - 22:21
U.S. oil prices rose 20% on Thursday, recouping some losses from a sell-off that drove prices to near 20-year lows, but analysts saw the rebound as a brief reprieve, anticipating more weakness as the coronavirus outbreak takes its toll on global demand.

Global Markets: U.S., European stocks up after earlier losses, dollar gains, as central banks act

Thu, 03/19/2020 - 22:21
European and U.S. stocks climbed on Thursday, recovering from earlier losses, in a sign of tentatively more stable markets, as central banks across the world moved to stem a coronavirus-induced financial rout in moves that boosted bonds and provide more access to the dollar.

Uber shares jump after CEO says has enough cash to tide over coronavirus crisis - CNBC

Thu, 03/19/2020 - 22:19
Shares of Uber Technologies Inc rose as much as 35% after CNBC reported that the company has plenty of cash on hand to get through the coronavirus crisis and is seeing growth in areas of businesses other than ride-hailing.

Disney says coronavirus could impact consumer behavior

Thu, 03/19/2020 - 22:14
Walt Disney Co said on Thursday the spread of the coronavirus could lead to consumer behavior changes, further disrupting its business.

France says pressure on Amazon workers 'unacceptable' amid lockdown

Thu, 03/19/2020 - 22:13
Amazon workers in France are coming under unacceptable pressure, Finance Minister Bruno Le Maire said on Thursday, after staff complained they faced not getting paid if they stopped showing up due to fears of coronavirus contamination.

Fed opens dollar swap lines for 9 additional foreign central banks

Thu, 03/19/2020 - 22:13
The U.S. Federal Reserve opened the taps on Thursday for central banks in nine additional countries to access dollars in hopes of preventing the coronavirus epidemic from causing a global economic rout.

Powerful central bank action stems bond drubbing but volatility prevails

Thu, 03/19/2020 - 22:03
Major central bank action helped staunch heavy losses on global bond markets on Thursday, with euro zone and U.S. borrowing costs easing modestly, even though the rising risk of recession and hefty fiscal stimulus means the rally is a fragile one.

Ford hoards cash, withdraws profit forecast amid coronavirus outbreak

Thu, 03/19/2020 - 22:02
Ford Motor Co on Thursday moved to hoard cash on its balance sheet, drawing down $15.4 billion from two credit lines and suspending its dividend, in a move to bolster reserves to ride out damage to its business from the coronavirus pandemic.

U.S. recession chances now at 80% despite Fed emergency moves: Reuters poll

Thu, 03/19/2020 - 21:52
The coronavirus crisis has almost certainly ended the longest U.S. expansion on record and pushed the economy into the start of a short slump, according to analysts polled by Reuters who gave a median 80% chance of recession this year.

Gold drops as investors cash out, dollar steals safe-haven flows

Thu, 03/19/2020 - 21:49
Gold prices slipped on Thursday as the dollar jumped to multi-year highs, with the coronavirus pandemic threatening to cripple economic activity and prompting investors to sell assets to keep their money in cash.

German manufacturing expectations record fastest-ever plunge

Thu, 03/19/2020 - 21:39
The coronavirus outbreak caused the steepest drop in German manufacturers' expectations in the 70-year history of surveys, data showed on Thursday, as the three main economic institutes predicted anything from mild recession to a generational crash.

For better or worse, coronavirus tests couples forced to share home offices

Thu, 03/19/2020 - 21:37
Before coronavirus shut his office, Scott Ford worked with his phone in one hand and chatted with his dozens of co-workers as he paced around their desks at Techstars, a startup accelerator based in Boulder, Colorado.

Boeing calls for $60 billion lifeline for U.S. aerospace industry

Wed, 03/18/2020 - 22:24
Boeing Co on Tuesday called for a $60 billion lifeline for the struggling U.S. aerospace manufacturing industry, which faces huge losses from the coronavirus pandemic.

Blindsided by bear market, stock-pickers struggle to stay relevant

Wed, 03/18/2020 - 22:20
The carnage in stock markets is getting uglier by the day. Should you "buy", "sell" or "hold" on tight?