United States

Friday, March 13th 2020 - 08:57 UTC
Coronavirus panic in markets wipes US$ 14 trillion in a month

Global stock markets crashed on Friday, ending a years-long bull run, with coronavirus panic selling hitting almost every asset class and leaving investors nowhere to hide. Half a trillion dollars in liquidity from the U.S. Federal Reserve and the promise of more were not enough to calm the fear that has wiped some US$14 trillion from world stocks in a month.
Friday, March 13th 2020 - 08:20 UTC
Wall Street financial firms have most of its staff working from home

Working from home went from optional to mandatory across Wall Street this week as financial firms reported their first confirmed cases of coronavirus and the outbreak triggered a state of emergency in New York City.
Friday, March 13th 2020 - 07:24 UTC
Walt Disney theme parks closed, beginning Sunday March 15

Disney announced on Thursday that it will be closing its theme parks at Walt Disney World Resort in Florida out of an “abundance of caution” as coronavirus concerns mount in the US.
Thursday, March 12th 2020 - 08:55 UTC
Coronavirus: Trump locks out all travel from Europe for 30 days and pledges financial relief to small businesses

President Donald Trump on Wednesday said the U.S. would restrict all travel from Europe for the next 30 days and use executive orders to offer financial relief to individuals and small businesses in his most extensive steps to date to address the crisis of the coronavirus.
Thursday, March 12th 2020 - 07:15 UTC
NBA suspends all matches following on Rudy Gobert testing Covid 19 positive

The National Basketball Association has announced that it will suspend all games after Wednesday night until further notice, following a player on the Utah Jazz testing positive for COVID-19. “The NBA will use this hiatus to determine next steps for moving forward in response to the coronavirus pandemic,” the association said in a statement.
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.
Wednesday, March 11th 2020 - 07:45 UTC
Trump's chief of staff self quarantined for contacting a person coronavirus positive

Incoming White House chief of staff Mark Meadows has self-quarantined after he may have come into contact with a person who tested positive for the coronavirus, his spokesperson said. Meadows is not exhibiting symptoms and a precautionary test came back negative, the spokesperson said on Twitter.
Wednesday, March 11th 2020 - 06:54 UTC
Prince Andrew “shuts the door” on cooperating with FBI in Epstein investigation

Britain's Prince Andrew has “completely shut the door” on cooperating with the FBI in its investigation into late sex offender Jeffrey Epstein, a US prosecutor said. Despite publicly offering his assistance, “Prince Andrew has now completely shut the door on voluntary cooperation,” said New York attorney Geoffrey Berman, who had already accused the prince in late January of failing to cooperate.
Tuesday, March 10th 2020 - 08:15 UTC
Black Monday cocktail: oil price war and coronavirus trigger market panic

World oil prices crashed on Monday, fuelling a vicious selloff on stock markets that were already buckling from the spreading coronavirus outbreak. Stocks tanked as the global oil market nosedived 30% at one stage after top exporter Saudi Arabia slashed the prices it charges customers following a bust-up with Russia over crude production cuts.
Tuesday, March 10th 2020 - 08:13 UTC
Donald Trump talks to Uruguayan president Lacalle Pou

Uruguayan president Luis Lacalle Pou had his first contact with US President Donald Trump last Saturday, reported White House, special advisor, Judd Deere in a tweet.