Starbucks shuts shops, suspends delivery in China’s Hubei amid virus outbreak

Starbucks shuts shops, suspends delivery in China’s Hubei amid virus outbreak
FILE PHOTO: visitor drinks coffee at a Starbucks outlet inside the Forbidden City in Beijing January 18, 2007. REUTERS/Claro Cortes IV BEIJING (Reuters) – Starbucks has closed all shops and suspended delivery services in China’s Hubei province for the week-long Lunar New Year holiday, where a coronavirus outbreak originated from its capital Wuhan has caused 41 deaths in China. Starbucks... Read More

Brent logs worst weekly loss in a year as China virus fears swell

Brent logs worst weekly loss in a year as China virus fears swell
NEW YORK (Reuters) – Crude prices sank more than 2% on Friday and Brent logged its biggest weekly decline in more than a year as concerns that a coronavirus will spread farther in China, the world’s second-largest oil consumer, curbing travel and oil demand. FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August... Read More

The S&P 500 has worst day since October as virus fears mount

The S&P 500 has worst day since October as virus fears mount
NEW YORK (Reuters) – Wall Street fell in a broad sell-off on Friday, as investors fled equities on growing concerns over the scope of the coronavirus outbreak, capping the S&P 500’s worst week in six months. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 24, 2020. REUTERS/Lucas... Read More

Dollar dips vs yen as investors reach for safe havens on virus scare

Dollar dips vs yen as investors reach for safe havens on virus scare
NEW YORK (Reuters) – The U.S. dollar slipped against the safe-haven Japanese yen on Friday as investors fretted over concerns that a spreading virus from China would curb travel and hurt economic demand. FILE PHOTO: Dollar banknotes are seen in this picture illustration taken June 13, 2017. REUTERS/Dado Ruvic/Illustration/File Photo The U.S. Centers for Disease Control and Prevention (CDC) on... Read More

Wall Street set for weekly loss on gathering virus fears

Wall Street set for weekly loss on gathering virus fears
NEW YORK (Reuters) – Wall Street lost ground on Friday as mounting worries over the scope of the coronavirus outbreak overshadowed positive corporate earnings. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 24, 2020. REUTERS/Lucas Jackson All three major U.S. stock averages extended their losses after the... Read More

Wall Street slides on coronavirus fears, Intel offers support

Wall Street slides on coronavirus fears, Intel offers support
(Reuters) – U.S. stocks fell on Friday, as investors were cautious heading into the weekend amid renewed concerns over the fallout of a coronavirus outbreak from China. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 24, 2020. REUTERS/Lucas Jackson Intel Corp (INTC.O) stood out with an 8.4%... Read More

Wall Street bogged down by China virus fears, Intel limits losses

Wall Street bogged down by China virus fears, Intel limits losses
(Reuters) – Wall Street came under pressure on Friday as investors sold energy, financial and healthcare stocks on mounting fears over the coronavirus outbreak in China, while strong gains for chipmaker Intel limited losses on the main indexes. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 24,... Read More

U.S. Treasury Secretary Mnuchin expects next China trade talks in ‘near future’

U.S. Treasury Secretary Mnuchin expects next China trade talks in ‘near future’
DAVOS, Switzerland (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Friday that he expects to begin negotiations with China on a so-called Phase 2 trade deal soon, with Washington and Beijing on the same page. U.S. Treasury Secretary Steven Mnuchin reacts during a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2020.... Read More