Month: February 2020

U.S. President Donald Trump during a news conference at the James Brady Press Briefing Room at the White House February 29, 2020 in Washington, DC. Department of Health in Washington State has reported the first death in the U.S. related to the coronavirus. Alex Wong This is a live blog. Please check back for updates.
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In light of the tumultuous move in global stocks this week, I found it comforting, in that it-could-be-worse sense, to think about some excessively priced assets I’ve watched up close, as well as from a distance. One day within the dot.com bubble stands out very clearly. In December 1999, I sat in my mother-in-law’s room
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A Wayfair employee works at his desk at the Boston headquarters of Wayfair on July 31, 2018. Suzanne Kreiter | Boston Globe | Getty Images Wayfair‘s stock tanked Friday morning, after the online furniture retailer’s losses widened more than expected during the holiday quarter. Its shares were recently down more than 15% in premarket trading.
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The spread of the coronavirus outbreak has roiled markets in Asia and elsewhere, and hit supply chains globally. Both multinational and local companies have been affected by the extended shutdown in China, with factories unable to return to full production. Last week, Apple warned that it does not expect to meet its quarterly revenue forecast
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This is a live blog. Please check back for updates. All times below are in Beijing time. 11:15 am: Malaysia announces $4.7 billion stimulus to soften economic hit Malaysia’s interim Prime Minister Mahathir Mohamad announced on Thursday a 20 billion ringgit ($4.7 billion) stimulus package to counter the hit from the coronavirus outbreak. Measures announced include
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