A Robinhood trader tells us how he raked in a 2,400% return in 5 days as coronavirus and oil hammered markets
After turning $5,000 into $123,000, the amateur investor said he might buy "a $100 bottle of scotch and a nice pair of cowboy boots."
Coronavirus shock is pushing highly indebted 'zombie' companies towards financial ruin — and a risky $1 trillion market is already showing the damage a recession would do
A coronavirus-driven recession could trigger a "corporate subprime financial crisis," according to one expert.
'It's worse than a mortgage': A leading personal finance expert shares her simple 3-step formula for eliminating mountains of credit card debt
"In 2008, everybody said 'I will never go in debt again' — and credit card debt has climbed past those levels," said Terry Savage.
"Crude prices continued to crater on Thursday morning after US President Donald Trump announced a 30-day ban on US citizens travelling to Europe," one analyst said.
'Can we panic now?': US futures trading was halted and overseas stocks, oil, bitcoin, and Treasury yields plunged after Trump's coronavirus plan failed to calm investors
"The biggest source of disappointment on Wall Street was the lack of specific ways to support people and small- and medium-sized enterprises."
'Real killer blow': Global airline stocks plunge on Trump's travel ban and analysts expect a '30%-50%' drop
"The global airline sector's market capitalization has dropped by $40.6 billion, or 25%, in the last month alone," one analyst said.
Global stocks and US stock market futures dropped late Wednesday with futures for the three major US indexes falling by more than 4.5%.
From travel bans to disaster-recovery sites, here's everything we know about how Wall Street firms are handling the spread of coronavirus
Wall Street firms are grappling with the spread of coronavirus by enforcing travel restrictions and moving some workers to backup sites.
Intercontinental Exchange is closing its London office, home to its European futures business, for the rest of the week after an employee tested positive for coronavirus
An ICE employee that tested positive for coronavirus was at the office since March 6. It's one of the first signs of a key market-structure player impacted by coronavirus.
Trump's idea of a payroll tax cut would be nearly useless for the Americans who need the help the most
A similar tax cut, in one top Obama economist's view, would be "wasting the money in a way that doesn't encourage spending."
Dow plunges 1,465 points into bear market as WHO declares pandemic, impatient investors await stimulus package
Closing 20.3% below recent highs marked the end of the longest bull market in history for the Dow Jones industrial average.
It's a sharp reversal from a year ago, when Boeing's market value was about $200 billion higher than Tesla's.
"Oh, we'll be cutting," he said at a Fox News town-hall event. "We're also going to have growth like you've never seen before."
'This is not a bailout': Treasury Secretary Mnuchin defends Trump rescue plan for industries impacted by coronavirus
"We are not looking for bailouts. But there may be specific industries that are highly impacted by travel and have issues with lending," Mnuchin said.
Medical professionals, first responders, and flight attendants are all at risk of being exposed in a coronavirus pandemic.
The layoffs come as MedMen attempts to pull off a months-long turnaround plan and hunts for a new CEO.
An inside look at the debate around pandemic bonds, which have $425 million hinging on how deadly the coronavirus ends up being
The World Bank called the bonds "a momentous step" in curbing disease, while a public health expert deems them "inappropriate and ineffective."
JPMorgan has developed an AI tool to measure how the coronavirus is damaging markets — and its findings suggest the plunge is nowhere near finished
The firm says it's going to take months for markets to really reflect the damage caused by the coronavirus outbreak.
Warren Buffett says the coronavirus and plummeting oil prices are a 'one-two punch' to markets, but not as scary as 2008
"If you stick around long enough you'll see everything in markets," Buffett, 89, told Yahoo Finance in an interview on Tuesday.
The World Economic Forum and the World Health Organization are launching an emergency coronavirus task force of 200 business leaders — including execs from Alphabet and KPMG
The COVID Action Platform is a newly convened team of international business leaders. Leaders from Deloitte, Volkswagen, and HP are getting involved.
Coronavirus spared some assets, a recession isn't certain, and there could be some winners, top economist says
"History tells us not to draw a straight line between financial market sell-offs and the real economy," Boston Consulting Group's chief economist said.
For his own good — and the good of the country's health — Trump needs to get aggressive with the coronavirus response
Trump has downplayed the coronavirus so far, but he should listen to the message from the stock market and move forward with a serious response.
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Cathay Pacific's profits fell nearly 30% as Hong Kong protests and the coronavirus forced it to cut flights
The Hong Kong airline has asked its 27,000 employees to take three weeks of unpaid leave between March 1 and June 30 as it faces a "substantial loss."
This is what traders are talking about.
RBC lays out the 3 drastically different ways the oil crash could play out — and how investors can prepare for a recovery
RBC says the oil market is now ruled by "panics and hysteria," and prices could fall further after their historic plunge over the last few days.
'Prophesies of doom are having their day in the sun': Here's what 5 experts are saying about markets' recent financial crisis-level plunge
Some firms admitted that near-term growth will likely suffer before noting investors who held steady through 2008 enjoyed major gains afterward.
'Drop in an ocean': Bank of England's emergency rate cut lifts European stocks, but coronavirus fears rattle global markets
"The Bank of England fired its big bazooka today, but it's really an appetizer for the main course later," one analyst said.
'Shock and awe strategy': Here's what analysts are saying about the Bank of England's emergency rate cut
"The coronavirus has initially hit supply chains and interest-rate cuts will not change that," one analyst said.
Google sets up fund to offer paid sick leave to contractors and temp workers who can't work due to COVID-19 symptoms or quarantines
Google's approximately 120,000 temporary and contract workers outnumber the company's full-time employees.
Tesla manufacturing director Jatinder Dhillon has left the company, according to a Tuesday report. He helped lead production of the Model 3 sedan.
Tuesday saw choppy price action as investors weighed a possible government stimulus package. Indexes ultimately surged into the close.
20 leading economists just signed a letter arguing Medicare for All would generate massive savings for American families
"There's been too much loose talk that Medicare for All is unaffordable. What's really unaffordable is the current system," one economist said.
Democrats have been cool to the idea so far, underscoring the challenge for Trump to get it through Congress and onto his desk.
Open letter from top economists: Medicare for All would lead to massive savings for most Americans and slash waste in healthcare
They argue it would be less expensive than the current healthcare system, reduce waste, and end up being cheaper for the vast majority of Americans.
The $200 million credit facility was reportedly provided by Barclays, Citigroup, and JPMorgan Chase.
Consumer confidence drives more than two-thirds of activity in the largest economy, so it can have sweeping effects across sectors.
Coronavirus fallout and the oil-price war will push 2020 GDP into 'spitting range of a typical global recession,' Bank of America says
The bank's economists cited four main reasons for their latest growth cut, including the spread of coronavirus outside China and new oil-price war.
'The next domino to fall': A CIO overseeing $270 billion warns of financial contagion stemming from the coronavirus — and says a global recession 'now appears to be inevitable'
Scott Minerd of Guggenheim Investments issued a harsh warning for a market he sees as overleveraged, fragile, and crisis-prone.
'This is not 2008': BlackRock lays out a scenario it thinks could rescue the record-long economic expansion amid coronavirus fears
"We don't see this as an expansion-ending event — provided that preemptive and coordinated policy response is delivered," BlackRock said.
Massive hedge fund Bridgewater just made an $11.8 billion bet against giant European companies like Bayer, Santander, and Adidas as the coronavirus spread has Italy on lockdown
Ray Dalio's $160 billion hedge fund is betting against companies like Adidas, Santander, Bayer, and dozens of others as the coronavirus slams Europe, according to data from German data firm Breakout Point.
GOLDMAN SACHS: These 15 stocks are plunging as coronavirus rocks markets, but their powerful long-term growth could make them bargains to buy right now
Goldman said these stocks should have better-than-average growth for years, but many of them have performed worse than the broader market recently.
The White House plans to announce a 'very dramatic' economic response as the coronavirus raises recession fears. Here are the 4 steps it could take.
While nothing has been finalized, here are some of the key measures that have been floated in the White House and on Capitol Hill.
Obama's former top economist says Congress should immediately send $1,000 to every American adult to stimulate coronavirus-stricken economy
"We've reached a point where a stimulus package has very little downside and has potential upside," Jason Furman told Business Insider.
'Just a plaster on a deep wound': Stocks, oil, and bond yields rebound after Trump teases coronavirus relief
"This looks like a short-term bounce on oversold levels, not a meaningful turn," one analyst cautioned.
First strikes in the conflict pushed oil prices down by the most since 1991 on Monday, but optimism out of Russia could be driving a mild recovery.
American and Delta suspended their 2020 guidance as the coronavirus wreaks havoc on air travel around the world
Most airlines, including smaller US carriers like Southwest and Spirit, have drastically reduced capacity as demand for air travel sinks.
Investors expect a 'permanent recession,' Paul Krugman warns after Treasury yields tumble and interest rates plunge
"Markets are implicitly predicting not just a recession, but multiple years of economic weakness," the economist said.
Prices gained after President Trump again floated the idea of a "very substantial" payroll tax cut to provide stimulus amid the coronavirus outbreak.
The plane maker said any of its workers in the Puget Sound region who are able to work from home have been asked to telecommute.