How the Fed ended up back at zero

An emergency 50 basis point cut from the Federal Reserve on March 3 was not enough to stop market turmoil, and on Sunday night, the central bank made another abrupt announcement by slashing rates to zero. Fed Chairman Jerome Powell said the central bank’s actions over the past two weeks did not calm financial conditions […]

Brace for earnings numbers like you’ve never seen before

In the coming weeks, corporate America will be announcing Q1 financial results and many companies will also offer guidance on what they expect in the near future. Considering the unusually disruptive nature of the coronavirus pandemic, many companies will preempt...

Wynn, MGM shares fall nearly 30%

Las Vegas gaming companies and resorts were hit hard Monday after announcing temporary closures due to policies to fight the spread of coronavirus. Wynn Resorts shares (WYNN) fell 24% the day after announcing it would be temporarily shutting its Las Vegas and Boston...

Adidas is not yet closing US stores amid coronavirus

In the past few days, a long list of retail chains have closed their U.S. store locations out of precaution amid the rapid spread of coronavirus. Nike, Under Armour, New Balance, Lululemon, Gap, REI, Patagonia, Columbia Sportswear, Urban Outfitters, and Abercrombie...

What to know in markets Tuesday

Coronavirus and its impact on markets will take centerstage again on Tuesday. Stocks were off to a rough start as the ongoing pandemic, formally known as COVID-19, continued to wreak havoc on global markets. Monday, the Dow (^DJI) tanked 2,997 points for its...