Royal Caribbean increases borrowing capacity by $550 million to stay afloat
Royal Caribbean Cruises, which has seen its stock take a big drop in the wake of the coronavirus outbreak, says that is has increased its revolving credit capacity by $550 million to bolster its liquidity.
Royal Caribbean Cruises, which has seen its stock take a big drop in the wake of the coronavirus outbreak, says that is has increased its revolving credit capacity by $550 million to bolster its liquidity.
Big losses in oil, energy sectors after Monday’s market meltdown triggered by coronavirus concerns
People at the pump weren’t complaining about the extra cash in their pockets, but those who know the oil and gas industry say expect a rough ride ahead.
People at the pump weren’t complaining about the extra cash in their pockets, but those who know the oil and gas industry say expect a rough ride ahead.
Dow drops 7.8% as free-fall in oil, virus fears slam markets
The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets.
The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets.
Oil plunges 20% as another virus-fueled trading week begins
Brent crude, the international standard, lost $9.50, or 20.1%, to $35.77 per barrel, as of 7:58 p.m. Eastern time on Sunday after earlier touching its lowest price since 2016. Benchmark U.S. crude fell $8.64 to $32.64.
Brent crude, the international standard, lost $9.50, or 20.1%, to $35.77 per barrel, as of 7:58 p.m. Eastern time on Sunday after earlier touching its lowest price since 2016. Benchmark U.S. crude fell $8.64 to $32.64.
US added robust 273K jobs in February before virus escalated
So far, there are few signs that the job market has been affected by the disease, but most economists expect hiring to slow in the coming months.
So far, there are few signs that the job market has been affected by the disease, but most economists expect hiring to slow in the coming months.
Tito's Handmade Vodka does not want you to use it to make homemade hand sanitizer
Some fans of Tito's Handmade Vodka began tweeting at the Austin-based company that they were using their vodka for their recipes.
Some fans of Tito's Handmade Vodka began tweeting at the Austin-based company that they were using their vodka for their recipes.
Stocks slide after Fed rate cut fails to stem market's dread as coronavirus spreads
Stocks fell sharply on Wall Street Tuesday after an emergency interest-rate cut by the Federal Reserve failed to reassure markets racked by worries that a fast-spreading virus outbreak could lead to a recession.
Stocks fell sharply on Wall Street Tuesday after an emergency interest-rate cut by the Federal Reserve failed to reassure markets racked by worries that a fast-spreading virus outbreak could lead to a recession.
Dow, S&P and Nasdaq score biggest point gains ever as stocks make coronavirus comeback
The huge gains clawed back some of the ground lost in a massive sell-off that gave stocks their worst week since the financial crisis of 2008.
The huge gains clawed back some of the ground lost in a massive sell-off that gave stocks their worst week since the financial crisis of 2008.
Apple to pay up to $500 million due to slowing down old iPhones
iPhone owners could get money from Apple after the company agreed to pay up to $500 million to settle claims over intentionally slowing down older phones.
iPhone owners could get money from Apple after the company agreed to pay up to $500 million to settle claims over intentionally slowing down older phones.
Former General Electric CEO Jack Welch dies at 84
Jack Welch led General Electric Co. through two decades of unparalleled growth and transformation, with a brash style that single-handedly remade the conglomerate and changed the landscape of American corporations. He died Sunday at age 84.
Jack Welch led General Electric Co. through two decades of unparalleled growth and transformation, with a brash style that single-handedly remade the conglomerate and changed the landscape of American corporations. He died Sunday at age 84.
Delta, American suspending flights to Milan as coronavirus cases rise in Italy
Coronavirus infections in Italy rose 50 percent Sunday and the U.S. government issued its strongest travel warning yet, advising Americans against any travel to two regions in northern Italy that have been hard hit by the virus that first emerged in China in December.
Coronavirus infections in Italy rose 50 percent Sunday and the U.S. government issued its strongest travel warning yet, advising Americans against any travel to two regions in northern Italy that have been hard hit by the virus that first emerged in China in December.
Joe Coulombe, founder of popular Trader Joe's markets, dies at age 89
Joe Coulombe envisioned a new generation of young grocery shoppers emerging in the 1960s, one that wanted healthy, tasty, high-quality food they couldn't find in most supermarkets and couldn't afford to buy in the few high-end gourmet outlets.
Joe Coulombe envisioned a new generation of young grocery shoppers emerging in the 1960s, one that wanted healthy, tasty, high-quality food they couldn't find in most supermarkets and couldn't afford to buy in the few high-end gourmet outlets.
Coronavirus: San Francisco Game Developers Conference canceled
The conference is still scheduled to take place from March 16 to 20.
The conference is still scheduled to take place from March 16 to 20.
Stocks fall on Wall Street, head for worst week since 2008
Stocks fell on Wall Street, shaving another 3.2% off the Dow Jones industrials and putting the market on track for its worst week since October 2008.
Stocks fell on Wall Street, shaving another 3.2% off the Dow Jones industrials and putting the market on track for its worst week since October 2008.
Virus outbreak: Stocks fall sharply on Wall Street; Dow Jones sinks 3.8%
The virus outbreak has been shutting down industrial centers, emptying shops and severely crimping travel all over the world. More companies are warning investors that their finances will take a hit because of disruptions to supply chains and sales
The virus outbreak has been shutting down industrial centers, emptying shops and severely crimping travel all over the world. More companies are warning investors that their finances will take a hit because of disruptions to supply chains and sales
Financial pain deepens as nearly 60 countries report coronavirus
A deepening health crisis became an economic one too Friday, with the coronavirus outbreak sapping financial markets, emptying shops and businesses, and putting major sites and events off limits.
A deepening health crisis became an economic one too Friday, with the coronavirus outbreak sapping financial markets, emptying shops and businesses, and putting major sites and events off limits.
Google to open new offices in Addison, Midlothian
Google’s expansion plan for this year includes North Texas.
Google’s expansion plan for this year includes North Texas.
Dow sinks nearly 1,200 points in record drop as coronavirus worries spread
The Dow Jones Industrial Average sank nearly 1,200 points Thursday, deepening a weeklong global market rout caused by worries that the coronavirus outbreak will wreak havoc on the global economy.
The Dow Jones Industrial Average sank nearly 1,200 points Thursday, deepening a weeklong global market rout caused by worries that the coronavirus outbreak will wreak havoc on the global economy.
Coronavirus hits businesses: Markets down, Facebook cancels developers conference
Facebook says it is canceling F8, its annual conference for developers.
Facebook says it is canceling F8, its annual conference for developers.
Coronavirus could affect Coca-Cola's supply of artificial sweetener
Coca-Cola recently announced that, while they have contingency plans in place, the situation may impact their long-term supplies of artificial sweeteners.
Coca-Cola recently announced that, while they have contingency plans in place, the situation may impact their long-term supplies of artificial sweeteners.