Stocks Drop Again After Virus Declared Global Emergency
Shares have turned lower after the World Health Organization declared the outbreak of a new virus that has spread from China to more than a dozen countries a global emergency.
Shares have turned lower after the World Health Organization declared the outbreak of a new virus that has spread from China to more than a dozen countries a global emergency.
German automaker Volkswagen has kept its lead as the world’s largest automaker as Japanese rival Toyota sold fewer vehicles last year.
The dangerous virus spreading through China threatens a wide range of industries with ties to the world’s second largest economy.
Japanese video game maker Nintendo is reporting a 29% rise in quarterly profit on solid demand for its Switch console during the year-end shopping season.
Attorneys for Pacific Gas & Electric are assuring a federal judge the utility will emerge from bankruptcy by a June 30 deadline.
Samsung Electronics Co. says its operating profit for the last quarter fell 33.7% from a year earlier but it predicts earnings will improve in 2020, driven by a gradually stabilizing computer chip market and increasing 5G smartphone sales.
Facebook has reported a strong fourth quarter.
Microsoft has given another solid quarterly report card to Wall Street, as it plows ahead in selling its cloud computing services to big businesses and the government.
U.S. home prices rose at a faster pace in November than the previous month as lower mortgage rates and a sharp drop in available properties have pushed would-be buyers to bid up home values.
Orders to U.S. factories for big-ticket manufactured goods rose 2.4% in December, led by defense surge.