VIX futures point to coronavirus worries for months to come

NEW YORK (Reuters) – Investors are betting on stocks to remain volatile well into the year, suggesting that many expect the long-term economic and public health impact of the pandemic caused by the novel coronavirus to continue roiling markets despite a recent rally. FILE PHOTO: The final numbers of the Continue Reading

Oil gains as hopes rise for production cut amid coronavirus outbreak

FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol TOKYO (Reuters) – Oil rose on Tuesday amid hopes that the world’s biggest producers of crude will agree to curtail production as the coronavirus pandemic ravages the global economy, Continue Reading

Airline industry braces for prolonged recovery from coronavirus crisis

SYDNEY (Reuters) – A full airline industry recovery from the coronavirus looks prolonged at best, analysts said, as new data showed international seat capacity had fallen to 23% of last year’s levels and around half the world’s airplane fleet is in storage. FILE PHOTO: A British Airways plane taxis past Continue Reading

U.S. SEC warns against illegal trading during coronavirus disruption

WASHINGTON (Reuters) – The U.S. securities regulator on Monday warned corporate executives against insider trading during disruption caused by the coronavirus, in an unusual statement that underscores the chaos coursing through financial markets. FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters Continue Reading

Your Money: Coronavirus fears shake Yale economist Robert Shiller

NEW YORK (Reuters) – In scary times like these, it is comforting to talk to someone who has seen and studied a lot of things – booms, busts, and everything in between. FILE PHOTO: Robert J. Shiller, Sterling Professor of Economics at Yale University attends a session at the annual Continue Reading

U.S. crude prices fall to 17-year low as coronavirus spreads

TOKYO/LONDON (Reuters) – Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to a 17-year low as the outlook for fuel demand darkened with travel and social lockdowns triggered by the coronavirus epidemic. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February Continue Reading

U.S. hospitals say coronavirus school closures add to staffing pressure

LOS ANGELES (Reuters) – U.S. hospitals, gearing up for a large surge in patients as the new coronavirus spreads throughout the country, are reaching out to temporary staff agencies and exploring other ways to maintain workforce levels as school closures add to pressure on doctors and nurses. “The biggest issue Continue Reading

Facebook, Microsoft shelve conference plans as coronavirus fears spread

FILE PHOTO: A Facebook logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Facebook Inc said on Thursday it would cancel its annual developer conference due to fears over the coronavirus outbreak and Microsoft Corp followed suit by withdrawing from a Continue Reading

Shanghai government to help Tesla resume production amid coronavirus epidemic

FILE PICTURE: Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China Jan. 7, 2020. REUTERS/Aly Song/File Photo SHANGHAI (Reuters) – U.S. electric carmaker Tesla’s (TSLA.O) factory in China’s financial hub of Shanghai will resume production on Feb. 10 with assistance to help Continue Reading