MARCH 11, 2020
Cranes stand idle at the Port of Los Angeles, which is the nation's busiest container port, on March 6, 2020, in San Pedro, California. - Mario Tama/Getty Images
Hundreds of Americans lost jobs this week as the coronavirus outbreak has taken a toll on the U.S. economy and brought industries to a standstill, according to interviews with two...
MARCH 11, 2020
New York Stock Exchange NYSE MKTZ - Spencer Platt / Getty Images
The coronavirus-induced sell-off reached a new low Wednesday as Wall Street grappled with the rapid spread of the virus as well as uncertainty around a fiscal response to curb slower economic growth from the outbreak.
The Dow Jones Industrial Average tumbled 1,464 points, or nearly 5.9%. The...
MARCH 11, 2020
Disinfection work near the Rialto Bridge in Venice on Wednesday. Prime Minister Giuseppe Conte of Italy the development of a roughly $28 billion plan to confront the coronavirus emergency.
This is a global pandemic, the W.H.O. says.
The spread of the coronavirus across more than 100 countries now qualifies as a global pandemic, World Health Organization officials said on...
MARCH 10, 2020
Congress leader Rahul Gandhi with former Congress leader Jyotiraditya Scindia. Sanjeev Verma/Hindustan Times via Getty Images
Just two days after Kamal Nath was made chief minister of Madhya Pradesh and his peer Sachin Pilot the deputy chief minister of Rajasthan, we asked Jyotiraditya Scindia if he felt left out. All he said was that "one must aim and...
MARCH 10, 2020
Brent slumped to $31.02 a barrel, before recovering partially to trade at $35.36 per barrel on Monday (Photo: Reuters)
Crude oil crashed more than 30% on Monday in the sharpest plunge since the 1991 Gulf War after the collapse of the Opec+ alliance talks triggered a bloody price war, with both Russia and Saudi Arabia set to...
MARCH 10, 2020
U.S. President Donald Trump - REUTERS/Jonathan Ernst TPX IMAGES OF THE DAY
The United States began withdrawing troops from Afghanistan, the U.S. military said Tuesday, taking a step forward on its peace deal with the Taliban while also praising Afghan President Ashraf Ghani's promise to start releasing Taliban prisoners after he had delayed for over a week.
The U.S.-Taliban...
MARCH 10, 2020
Russian President Vladimir Putin speaks to celebrate International Women's Day, in Moscow, Russia, Sunday, March 8, 2020. International Women's Day on March 8 is an official holiday in Russia, where men traditionally give flowers and gifts to female relatives, friends and colleagues. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP)
MOSCOW — Russian President Vladimir Putin says he...
MARCH 10, 2020
Mukesh Ambani, billionaire and chairman and managing director of Reliance Industries Ltd., pauses during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 17, 2017.
The wealth destruction caused by Monday’s market collapse is reshaping the ranks of the world’s richest people.
Wildcatter Harold Hamm’s fortune plunged by almost half to...
MARCH 9, 2020
There are rare moments when the world economy seems to be reconfiguring itself beneath our feet. These can be startlingly fast bursts, not obvious to people who are just going about their business, but glaringly so to those who interpret the moves of financial markets.
March 2020, it is now abundantly clear, is one of...
MARCH 9, 2020
Stocks cratered Monday as investors grappled with the sinking price of oil and the spread of the coronavirus.
The Dow ended down more than 2,000 points in its worst daily point drop ever. The S&P 500 finished 7.6% lower, while the Nasdaq sank 7.3%. The massive sell-off triggered a key market circuit breaker minutes after the opening bell....
