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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.
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.
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.
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
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.
NEW YORK: 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.
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 .
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.
With the arrival of a new decade, analysts and fund managers present to StarBizWeek 20 stock picks which they opine will outperform the market.