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Powell's warning sends Wall St lower
New York: Wall Street's three major indexes closed lower for the second day in a row after Federal Reserve Chairman Jerome Powell warned on Wednesday of extended economic weakness due to the coronavirus pandemic and called for Congress to agree on additional fiscal support.
Cash-strapped Norwegian Cruise flags going concern risks
BENGALURU (Reuters) - Norwegian Cruise Line Holdings Ltd, the world's third-largest cruise operator, raised doubts about its ability to keep running as a business on Tuesday, the first in the sector to signal it may succumb to the coronavirus crisis.
Dow, S&P 500 slide as focus shifts to earnings; Nasdaq gains
NEW YORK: The Dow and S&P 500 fell on Monday as U.S. companies prepared to kick off a quarterly earnings season expected to be rough due to the coronavirus pandemic, while Amazon.com gains helped the Nasdaq end higher.
S&P 500 rallies as investors await US$2tril aid package
NEW YORK: The S&P 500 rallied for a second straight session on Wednesday as the U.S. Senate appeared near a vote on a $2 trillion package to support businesses and households devastated by the coronavirus pandemic
S&P 500 tumbles 7%, trading halted temporarily
NEW YORK:The S&P 500 and the Nasdaq cratered into a bear market on Thursday as a shock move by President Donald Trump to suspend travel from Europe rattled investors already shaken by fears of a global recession on the back of a coronavirus pandemic.
Wall Street drops over 3% on virus fears, travel shares slammed
NEW YORK:Â U.S. stocks tumbled on Thursday, with shares of banks and travel companies taking a beating, as a new wave of fear about the spread of the coronavirus and its economic impact gripped investors just one day after election results powered a rally.
Ideal United Bintang signs MoU to redevelop Swettenham Pier Cruise Terminal
KUALA LUMPUR: Ideal United Bintang International Bhd's sub-subsidiary Solaris Consortium Sdn Bhd has signed a memorandum of understanding with the Penang Port Commission (PPC) to redevelop Swettenham Pier Cruise Terminal in Penang on a built, operate and transfer basis .
Virus impact: Starbucks shuts stores, Toyota halts production
WILMINGTON: Starbucks Corp has closed more than half of its coffee shops in mainland China - about 2,000 of them - and Toyota Motor Corp is halting production in the country as global corporations grapple with a SARS-like coronavirus that has killed more than 130 people and is threatening a key growth market.
Top 20 stock picks for 2020
With the arrival of a new decade, analysts and fund managers present to StarBizWeek 20 stock picks which they opine will outperform the market.
Rate-cut euphoria elevates S&P 500 to record high
NEW YORK: The S&P 500 hit a record high on Thursday, lifted by Wall Street's expectations that the Federal Reserve will cut interest rates as soon as next month to keep the U.S.-China trade war from stalling economic growth.
