Walt Disney’s Iger steps down as CEO, parks head Chapek to take reins
Walt Disney Co’s Robert Iger will step down as chief executive officer, handing the reins to Disney Parks head Bob Chapek, the company said on...
Coronavirus fears pull U.S. chip index into a correction
Wall Street’s main semiconductor benchmark tumbled into correction territory on Tuesday in its deepest four-day rout since the financial crisis, as the coronavirus spread further...
Wall Street’s sell-off deepens as coronavirus fears intensify
The Dow and the S&P 500 tumbled 3% on Tuesday in their fourth straight day of losses as the coronavirus spread further around the world...
Oil falls for 3rd day as virus fears accelerate on U.S. warning
Crude prices fell about 3% on Tuesday, dropping for a third day, as concerns about the spread of the coronavirus grew after the U.S. government...
Robert Iger to step down as Walt Disney CEO
Walt Disney Co on Tuesday said Robert Iger will step down as chief executive officer and will continue in the role of chairman....
Fed’s Clarida says too soon to tell coronavirus impact on U.S. economy
The impact of the coronavirus on the U.S. economy would likely need to be “material and persistent” for the central bank to change its outlook,...
Three U.S. Senate Democrats propose sweeping reforms after Boeing 737 MAX crashes
Three Democratic U.S. senators on Tuesday introduced sweeping legislation to reform how new airplanes are certified and overseen by U.S. regulators after two fatal Boeing...
Dow, S&P 500 fall 3% as coronavirus spread fans fears
The Dow and S&P 500 tumbled 3% on Tuesday in their fourth straight day of losses as the coronavirus spread further around the world and...
Branson’s Virgin Galactic posts quarterly loss of $73 million
Billionaire Richard Branson’s space tourism company, Virgin Galactic Holdings Inc , said on Tuesday net losses widened to $73 million in the fourth quarter from...
Fed’s Clarida: We are ‘closely monitoring’ impact of coronavirus
The Federal Reserve is “closely monitoring” the escalating coronavirus outbreak but it is still too soon to gauge if it would require a change in...