April 1st, 2025
Coronavirus Updates - Page 32
Mortgage Rates Drop 8-Year Low amid Coronavirus Fears, Investors Flee to Safe-Haven Assets
By Bhushan Akolkar
February 25th, 2020
The impact of the coronavirus spread outside China is giving jitters to the entire financial markets as the average rate on the 30-year fixed mortgage has hit a low of 3.34% on Monday.
Dow Jones Futures Lose 800 Points, Warning of 25% Crash Remains in the Cards
By Steve Muchoki
February 24th, 2020
Dow Jones futures plunges 800 points as the market opened in the European session. Analysts are speaking about a future market recession with possibilities of a 25% crash in Dow futures, as the coronavirus fears are spreading.
Tesla (TSLA) Stock Price May Be Affected, China’s Auto Sales Are Down Due to Coronavirus
By Bhushan Akolkar
February 24th, 2020
Tesla’s expansion plans with higher manufacturing outcomes by the end of 2020 are currently in the doldrums as China’s automobile industry witnessed a 92% drop in sales due to the coronavirus outbreak. TSLA stock started falling.
Amazon (AMZN) Stock Is Down, the Company Strives to Reclaim Its Position
By Darya Rudz
February 24th, 2020
Amazon (AMZN) is not the only stock that went down. Because of coronavirus, China will stop providing necessary physical and virtual services to the U.S. As a result, the market reacts with the overall drop in prices.
Dow Futures Slide 400 Points as Coronavirus Cases Surge Outside China
By Bhushan Akolkar
February 24th, 2020
Global markets across Europe and Asia have plunged severely on Monday as South Korea and Italy report several new affected cases of the coronavirus on Sunday. Analysts request investors to maintain caution at this stage.
South Korea’s Coronavirus Alert Raised to Highest Level, Asia Stocks Drop by Around 4%
By Christopher Hamman
February 24th, 2020
The noise around coronavirus is growing. Stocks in Asia are falling due to this situation and there are no signs of improvements.
Dow Jones Drops 280 Points Dragging Down Stocks as Coronavirus Fears Rise
By Jeff Fawkes
February 22nd, 2020
Dow drops 280 points, stocks down thanks to coronavirus panic in the U.S. investors pour cash into treasuries and gold. Market analysts predict corporate and personal income fall in the next months. Favipiravir needs tests to cure coronavirus.
Sony, Facebook to Avoid Game Developers Conference amid Coronavirus Threat
By Jeff Fawkes
February 21st, 2020
Sony, Facebook pulled out from the yearly computer games development conference due to coronavirus panic. The Dow and Treasuries drop, attracting investors to aim better at their future plans.
New Picks: S&P 500 and Nasdaq Hit Records, Dow Is Up Over 100 Points
By Darya Rudz
February 20th, 2020
S&P 500 and Nasdaq Composite, as well as Dow Jones Industrial Average index, have set new records as tech stock has jumped. Some stocks, like Virgin Galactic (SPCE), are also in green.
UBS Opts for ING Head Ralph Hamers to Replace Sergio Ermotti as CEO
By Osaemezu Ogwu
February 20th, 2020
In yet another shakeup, leading financial institution UBS Group removed Sergio Ermotti as its Chief Executive Officer and will replace him with ING Group’s Ralph Hammer. It is already the second major lender after Credit Suisse to replace its leading figure this month.
S&P 500 and Nasdaq Benefit from Strong U.S. Economy Despite Coronavirus Fears
By Steve Muchoki
February 20th, 2020
S&P 500 and Nasdaq reached an all-time high supported by the stability of the U.S. economy and assurances from Chinese authorities to help businesses affected by the coronavirus outbreak.
China Approves Favipiravir as Potent Treatment against New Coronavirus COVID-19 Strain
By Tolu Ajiboye
February 17th, 2020
Favipiravir has become one of the drugs that the Chinese authorities approved for treating the new COVID-19 strain of the coronavirus.
Cathay Pacific Expects Coronavirus to Influence Its H1 2020 Profit
By Teuta Franjkovic
February 17th, 2020
Cathay Pacific Airways expects a significant drop in its H1 2020 results and has also cut capacity due to the coronavirus fears. Severe travel restrictions as a result of the virus outbreak have led to a rise in flight cancellations.
Docked Cruise Ship Worsens Coronavirus Fears as Recession Shadows Japan and Singapore
By Tolu Ajiboye
February 17th, 2020
After a woman who was on a cruise ship tested positive for the coronavirus, authorities are now trying hard to find other passengers. Such a situation resulted in a new wave of worries.
Xiaomi Launches Mi 10 and Mi 10 Pro Flagship 5G Phones in China
By Teuta Franjkovic
February 14th, 2020
Xiaomi Mi 10 and Mi 10 Pro 5G phones have been in China. They were expected to make their European debut on February 23 ahead of the big MWC phone show in Barcelona but it was canceled over concerns with the spread of the coronavirus.