Tag: major economic downturn

• Wednesday, March 11th 2020 - 08:45 UTC

  Corporate America rushes to borrow money in anticipation of a major economic downturn

  

  From Exxon Mobil Corp to Royal Caribbean Cruises Ltd, companies rushed to borrow more money and boost their cash coffers on Tuesday, as the market turmoil fueled by a plunge in oil prices and the global coronavirus outbreak raised the prospect of an economic downturn.