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  • Global Stocks Edge Lower as Oil Prices Jump

    Stock markets around the world fell Friday, as oil continued its rebound and fresh data showed the unprecedented impact the coronavirus pandemic is having on economic activity. U.S. futures edged down, with securities tied to the Dow Jones Industrial Average declining 1.1% as investors awaited March's jobs report, due at 8:30 a.m. ET. In Europe, the pan-continental Stoxx Europe 600 fell 0.8%.

  • Global Stocks Edge Lower as Oil Prices Jump

    Stock markets around the world fell Friday, as oil continued its rebound and fresh data showed the unprecedented impact the coronavirus pandemic is having on economic activity. U.S. futures edged down, with securities tied to the Dow Jones Industrial Average declining 1.3%. In Europe, the pan-continental Stoxx Europe 600 fell 1%.

  • Coronavirus Battle Throws Open Eurozone's Divide

    ROME-- The euro survived its debt crisis, but the wounds never fully healed. The coronavirus is threatening to reopen them. Fighting the pandemic is causing deep plunges in economic activity around the world and pushing up government deficits.

  • Recession Blue-Chips' Led the Way in Another Turbulent Week in Markets

    With the start of a new quarter, the market entered another stretch of volatility. The Dow Jones Industrial Average fell more than 4% Wednesday and swung more than 700 points from its high to its low Thursday before finishing the session up more than 2%. Crude oil once again approached $20 a barrel, before jumping 25% in a single session Thursday.

  • Coronavirus Could Reduce Global Output by $4.1 Trillion -ADB

    The Asian Development Bank said Friday that output lost as a result of global measures taken to combat the coronavirus could total as much as $4.1 trillion this year, or just under 5% of global output. In a new forecasts, the ADB estimated the economic toll of containment measures at between $2 trillion and $4.1 trillion. On March 5, before containment measures were implemented in Europe and the U.S., the ADB had estimated that lost output would total between $77 billion and $347...

  • China Frees Up $56 Billion for Lending to Coronavirus-Hit Businesses

    BEIJING--China's central bank said Friday that it would lower the amount of cash banks are required to set aside as reserves for the second time in less than a month, as Beijing moved to stimulate a cooling economy hit hard by the coronavirus pandemic. The People's Bank of China said it would cut the reserve requirement ratio for city commercial banks and rural lenders by one percentage point, freeing up 400 billion yuan in liquidity in the banking system. The PBOC said the reserve...

  • Global Stocks Edge Lower as Oil Prices Jump

    Stock markets around the world fell Friday, as oil continued its rebound and fresh data showed the unprecedented impact the coronavirus pandemic is having on economic activity. U.S. futures edged down, with securities tied to the Dow Jones Industrial Average declining 1.3%. In Europe, the pan-continental Stoxx Europe 600 fell 1%.

  • Marlboro Owner's Antitrust Case Adds to the Burn

    Altria's (MO) investment in e-cigarette brand Juul Labs was already looking like a case study in how not to do a deal. Now, an antitrust challenge makes it even harder for the company to stub out the controversy. The Federal Trade Commission said late Wednesday that it is suing Altria (MO) to unwind the 35% stake it took in Juul 15 months ago.

  • Italy's Services Sector Suffers Hardest Coronavirus Blow

    Italy's services sector suffered an unprecedented decline in activity as the government tightened its lockdown during March in an effort to slow the spread of the coronavirus, with Spain seeing a collapse that was almost as severe. Data firm IHS Markit Friday said its Purchasing Managers Index for Italy's services sector plummeted to 17.4 from 52.1 in February, the largest drop in a single month since the series began in 1998. It was the largest drop ever recorded by IHS Markit...

  • U.S. Jobs Report Likely to Show Start of Record Labor-Market Collapse

    The March jobs report is expected to show the start of a labor-market collapse that this spring could shed all the U.S. jobs added by employers in the past decade and push the unemployment rate to record highs. The near shutdown of swaths of the U.S. economy due to the new coronavirus pandemic-- from corner restaurants to manufacturing plants to international tourism-- is inflicting damage on the labor market that economists say dwarfs the most significant economic downturns of the...

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