Health professionals stand at the entrance to the floor of the New York Stock Exchange to check the temperature of everyone entering on March 16, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images The country may be prepared to shut its schools, concerts, sporting events, shops, and even
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Bettmann | Getty Images It’s natural to want to strengthen your safety net in an emergency. For many, that means having extra cash on hand, whether that’s in the bank, in your wallet or both. That’s especially relevant now, as news headlines change by the minute. Meanwhile, the Federal Reserve cutting interest rates to near
Workers work at a vehicle chair manufacture factory in Lintong District of Xi’an, northwest China’s Shaanxi Province, Feb. 26, 2020. Xinhua | Liu Xiao | Getty Images This is a live blog. Please check back for updates. Global cases: At least 168,019, according to the latest figures from the World Health Organization Global deaths: At
Traders and financial professionals work during the opening bell on the floor of the New York Stock Exchange (NYSE), May 14, 2019 in New York City. Drew Angerer | Getty Images Stock futures traded higher on Monday night after Wall Street suffered massive losses earlier in the day amid concerns over the economic blow from the
A grizzly bear roams through the Hayden Valley in Yellowstone National Park in Wyoming. Jim Urquhart | Reuters The market’s blistering sell-off over the last month is so bad that investors have already pretty much priced U.S. stocks as if the economy is headed for a recession, based on a history of past declines around
A shopper walks through a near-empty shopping mall. Source: Getty Images President Donald Trump and Capitol Hill are working on multiple fronts to make sure the U.S. Small Business Administration has the ability to offer small business owners across the U.S. as much as $50 billion in loans to stay afloat during the widening economic shutdown
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
Britain’s Prime Minister Boris Johnson leaves Downing Street on his way to Buckingham Palace after the general election in London, Britain, December 13, 2019. Thomas Mukoya | Reuters U.K. Prime Minister Boris Johnson told the country on Monday to avoid all non-essential contact, after coming under fire for not doing more to stem the spread
Traders work on the floor of the New York Stock Exchange (NYSE) in New York. Brendan McDermid | Reuters This is a live blog. Please check back for updates. 8:47 am: IMF says it’s ready to ‘mobilize its $1 trillion lending capacity’ to fight coronavirus The International Monetary Fund on Monday said it “stands ready” to
Pedestrians pass a JPMorgan Chase & Co. bank branch near the New York Stock Exchange in 2018. Bloomberg | Bloomberg | Getty Images JPMorgan Chase is telling all its employees globally to work from home if possible. The New York-based bank, which has 256,981 workers and operates in 60 countries, is expanding on a policy it
A commuter stands on an empty Metro North train platform at Grand Central Terminal during rush hour on March 12, 2020 in New York City. Cindy Ord | Getty Images As the coronavirus brings the U.S. economy to a slowdown, if not a halt, many are worried that a recession is coming. A recession is
Britain’s Prime Minister Boris Johnson visits a laboratory at the Public Health England National Infection Service in Colindale on March 1, 2020 in London, England. WPA Pool The U.K. government is facing growing calls from the public and scientific community to take more drastic measures to combat the new coronavirus, as the rest of Europe
Traders work on the floor of the New York Stock Exchange during the opening bell on March 10, 2020 in New York. Timothy A. Clary | AFP | Getty Images Goldman Sachs on Sunday downgraded its outlook for the economy in the first two quarters of 2020 as the coronavirus zaps all growth from the
It could take years to discover the many wines of South Africa’s Western Cape. For travelers with only a few days on their hands, Cape Town is an excellent base for exploring not only the surrounding wine country, but the city’s wine bars and world-class restaurants. Spread over 40,000 square miles, the Cape Winelands include
Traders work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE) in New York City. Drew Angerer | Getty Images Stock futures plunged Sunday night even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak. While the central
Toilet paper shelves lay empty at a supermarket in Saugus, Massachusetts on March 13, 2020. Joseph Prezioso | AFP | Getty Images It’s not all in your mind. The growing panic over coronavirus is real, and fear is a rational response. What’s not a foregone conclusion is your own reaction. When markets tank, some people
An operator of Amiat (Multiservice Environmental Hygiene Company Turin) wears a respiratory mask prior to sanitizing streets in Via po, Turin in Italy. Nicolò Campo | LightRocket | Getty Images This is a live blog. Please check back for updates. Global cases: At least 153,648, according to the latest figures from the World Health Organization
Traders work on the floor of the New York Stock Exchange, March 12, 2020. Brendan McDermid | Reuters Markets always rush to price in future economic conditions and often overshoot in the process. But can the recent near-30% crash in three weeks through Thursday have properly discounted an economic path now being set by an
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
In a rare move, the Federal Reserve announced an emergency rate cut of 50 basis points in response to the growing threat from the coronavirus outbreak. It’s the first time the Fed has cut rates by half a percentage point since late 2008. “The fundamentals of the U.S. economy remain strong,” Fed Chairman Jerome Powell said