Wall Street slides as virus worries mount

Wall Street slides as virus worries mount

Wall Street fell in a broad sell-off Friday on growing concerns over the scope of the coronavirus outbreak. As Fred Katayamam reports, the S&P 500 suffered its biggest weekly decline in six months.
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Baby Yoda toy makes its big debut

Baby Yoda toy makes its big debut

A new Baby Yoda doll, based on The Child character from the Disney+ series 'The Mandalorian,' proved more than ready for its closeup at a New York press event Thursday. Lisa Bernhard has more.
Tech leads Wall St. decline on coronavirus fears

Tech leads Wall St. decline on coronavirus fears

The tech-heavy Nasdaq snapped a three-day winning streak Thursday as stocks fell on worries the coronavirus outbreak is not under control and threatens global economic growth. Conway G. Gittens has the market action.
ViacomCBS posts quarterly loss

ViacomCBS posts quarterly loss

ViacomCBS posted a loss in its first quarterly report since the two companies merged late last year. As Fred Katayama reports, adjusted earnings dropped and widely missed analysts' estimates.
Customer focus boosts shareholder returns: consultant

Customer focus boosts shareholder returns: consultant

When shopping for stocks, investors should consider a company’s focus on customer satisfaction, says Bain & Co.'s Rob Markey. His research found that loyal customers buy more and stay longer, boosting revenue growth and shareholder returns.
L Brands loses iconic CEO, sells major Victoria's Secret stake

L Brands loses iconic CEO, sells major Victoria's Secret stake

Leslie Wexner, the man who transformed Victoria's Secret into a global powerhouse only to see his star dimmed by falling sales and his association with disgraced financier Jeffrey Epstein, is stepping down as the unit of L Brands gets a new majority shareholder. Conway G. Gittens has the details.
Morgan Stanley buys E*Trade for $13 billion

Morgan Stanley buys E*Trade for $13 billion

Morgan Stanley is buying discount brokerage E*Trade Financial for $13 billion in an all-stock deal. As Fred Katayama reports, it's the biggest acquisition by a Wall Street bank since the financial crisis.
EU privacy body warns of risks in Google, Fitbit deal

EU privacy body warns of risks in Google, Fitbit deal

Alphabet Inc-owned Google's $2.1 billion bid for fitness trackers company Fitbit could pose privacy risks, the European Data Protection Board warned on Thursday. Ciara Lee reports
Airlines, shippers count the cost of coronavirus

Airlines, shippers count the cost of coronavirus

From airlines to shipping giants, companies around the world are grappling with falling demand from the coronavirus outbreak. Ciara Lee reports
Kenya's Safaricom will consider Huawei for 5G, despite U.S. concerns

Kenya's Safaricom will consider Huawei for 5G, despite U.S. concerns

Michael Joseph, CEO of East Africa's most profitable company Safaricom, says the telecoms operator will consider Huawei as a vendor for its 5G network despite U.S. pressure elsewhere against using the Chinese company.
Britain's Lloyds hit by bad deeds and bad debts

Britain's Lloyds hit by bad deeds and bad debts

Britain's biggest domestic lender Lloyds Banking Group reported a 26% drop in annual profit on Thursday, hit by increasing bad debts and billions of pounds of customer compensation. Julian Satterthwaite reports
China cuts rates to lift virus-battered economy

China cuts rates to lift virus-battered economy

China has cut rates to help an economy hit by the coronavirus outbreak, but with growth forecast to slump many investors bet there's more stimulus to come.
China stimulus hopes lift Wall Street

China stimulus hopes lift Wall Street

The S&P 500 and Nasdaq notched more record closing highs amid a Wall Street upswing ahead of anticipated Chinese stimulus to limit the economic fallout from the coronavirus outbreak. Conway G. Gittens has the details.
Offset your tech exposure: advisor

Offset your tech exposure: advisor

As tech stocks rocket to record highs, Summit Place Financial Advisors’ Liz Miller says investors should balance their portfolios with consumer staples and CDs.
EU unveils plan to rein in U.S. tech giants

EU unveils plan to rein in U.S. tech giants

The European Commission plans to create a single European market for data, hoping that pooling the region's deep industrial expertise could help build technology powerhouses to catch up with Silicon Valley and state-backed Chinese heavyweights. Adam
Dish loses fewer pay TV customers

Dish loses fewer pay TV customers

Dish Network lost fewer pay-TV subscribers in the latest quarter. As Fred Katayama reports, the satellite TV provider also posted profit that easily beat expectations.
After Sprint deal, T-Mobile eyes U.S. top spot

After Sprint deal, T-Mobile eyes U.S. top spot

Deutsche Telekom's T-Mobile is eyeing top spot in the U.S. market after its deal to take over Sprint was cleared by judges.
Boeing finds debris inside MAX fuel tanks

Boeing finds debris inside MAX fuel tanks

Boeing has confirmed it found debris that could pose potential safety risks in the fuel tanks of several 737 MAX aircraft that are in storage and waiting to be delivered to airlines.
Post-Brexit UK plans to end 'cheap labour from Europe'

Post-Brexit UK plans to end 'cheap labour from Europe'

The UK has set out plans to prioritize access for high-skilled workers from around the world in its post-Brexit points-based immigration system, while putting an end to a reliance on "cheap labour from Europe".
European shares rise after dip in new virus cases

European shares rise after dip in new virus cases

European shares rose Wednesday morning, helped by a dip in the number of new virus cases in China and a weaker euro.
Billionaire Bloomberg says he'll sell if he wins election

Billionaire Bloomberg says he'll sell if he wins election

Michael Bloomberg announced he would sell his company Bloomberg LP, the financial information company that made him a billionaire, if he is elected to the White House in November.
Dow, S&P 500 hurt by Apple warning

Dow, S&P 500 hurt by Apple warning

Investors pushed the Dow and S&P 500 lower after Apple warned sales will underwhelm due to the impact of the coronavirus outbreak on store traffic and production in China. Conway G. Gittens has the daily market round-up.
Don't buy Apple on this dip: trader

Don't buy Apple on this dip: trader

Apple is overvalued, says Tactical Income’s Jeff Tomasulo. He says wait for a correction before buying the shares.
Dr. Fauci calls Diamond Princess infection 'incubator'

Dr. Fauci calls Diamond Princess infection 'incubator'

Dr. Anthony Fauci, director of the U.S. National Institutes of Allergy and Infectious Diseases, said at the Council on Foreign Relations on Tuesday that the Diamond Princess cruise ship in Japan could reveal potential "modalities of transmission." Gavino Garay reports.
Apple, iPhone suppliers tumble on coronavirus warning

Apple, iPhone suppliers tumble on coronavirus warning

Shares of Apple and members of the iPhone supply chain fell on Tuesday after the technology giant issued the loudest warning yet on the financial fallout from the coronavirus. Conway G. Gittens has the details.