Dow briefly falls over 1,000 points as pandemic worries grow
The blue-chip Dow Jones Industrial Average index briefly fell more than 1,000 points on Monday, as investors dumped riskier assets after a jump in coronavirus...
Coronavirus concerns spur odd market moves
Some asset prices are moving together in unusual ways, an indication that investors may be preparing their portfolios for a coronavirus-led global slowdown....
France’s Sanofi to carve out active drug ingredients business
Sanofi plans to create a standalone company dedicated to making active pharmaceutical ingredients (API), components that are biologically active in a drug, and will decide...
UBS releases diversity figures for Americas staff
UBS Group AG said on Monday that 38% of its employees in the Americas at the end of last year were women and 25% were...
Oil slumps 5% on demand concerns as coronavirus spreads
Oil prices slumped by 5% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the effect...
Pandemic fears grip Wall Street, Dow dives 800 points
The Dow Jones Industrials fell more than 800 points and the S&P 500 as well as the Nasdaq hit three-week lows on Monday as a...
Canceled Teck oil sands project underscores global climate-energy policy tension
Teck Resources Ltd’s surprise decision to cancel a planned C$20.6 billion ($15.6 billion) oil sands mine in northern Alberta, citing uncertainty about Canada’s climate policy,...
SoftBank leads $265 million investments in two U.S.-based start-ups
SoftBank on Monday led a new funding round of $165 million in California-based Karius and invested $100 million in New York-headquartered AI company Behavox, as...
U.S. Supreme Court rejects Apple appeal in patent fight with VirnetX
The U.S. Supreme Court on Monday refused to hear Apple Inc’s bid to avoid paying about $440 million in damages for using patent licensing firm...
Warren Buffett calls coronavirus outbreak ‘scary stuff,’ but says he won’t be selling stocks
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc , on Monday called the coronavirus outbreak “scary stuff” but said that it was no time...