— Newburger10:18 am: European stocks enter correction territoryEuropean stocks slid into correction territory as the rapid spread of the coronavirus weighed heavily on market sentiment. Brazil, Georgia, Greece, North Macedonia, Norway, Pakistan and Romania reported coronavirus cases over the last day, Tedros said. Abe’s comments, according to Reuters, came at a meeting of the government’s task force as part of efforts to contain the coronavirus outbreak. —Meredith6:10 am: Iran’s health ministry

Coronavirus, which was renamed COVID-19, has infected more than 80,000 people around the globe and killed more than 2,700 people. On Sunday, popular spring break and dream destination Italy was raised to a “level 2” travel alert, due to sustained community spread of the virus. Japan, currently with more than 800 coronavirus cases, has been on a level 2 alert since Feb. 19. Travelers are at risk anywhere that people have been infected with coronavirus and the spread is ongoing, Weisenberg says. I

In the United States, there are currently 60 confirmed cases of coronavirus, aka COVID-19, in six states. The Centers for Disease Control confirmed the first possible community spread, or a case of unknown origin, in California on Wednesday. The virus that first started in Wuhan, China has infected more than 80,000 people and killed at least 2,700 globally. COVID-19 is believed to spread through respiratory droplets that pass when an infected person coughs or sneezes, according to the CDC. Sympt

Workers across technology, health care and business hold some of the best jobs of 2020, according to Indeed’s latest ranking of the most promising occupations in the job market. 25 best job of the year), software architects make high-level design choices that impact the nuts and bolts of the software they’re working on. 2 best job of the year is another technology role. 3 on the best-jobs list overall and saw a 157% growth in job listings on Indeed in the past three years. Here are the top 25 be

Mahathir Mohamad, 94, is a veteran politician who has been Malaysia’s prime minister twice. Malaysia’s parliament will vote on a new candidate for prime minister on Monday and if nobody can win majority support there will be a snap election, interim prime minister Mahathir Mohamad said on Thursday. The Southeast Asian country was plunged into political turmoil this week by the unexpected resignation of Mahathir, who at 94 is the world’s oldest government leader. Mahathir said the choice of premi

Aston Martin shares slumped to a record low on Thursday after the British luxury carmaker said its losses ballooned last year and its chief financial officer would leave by the end of April. The firm, famed for being fictional agent James Bond’s car of choice, posted a pretax loss of 104 million pounds ($135 million) last year compared with 68 million pounds in 2018 following a 9% decline in sales to dealers. “The big difference between last year and this year is the strength of the balance shee

Pedestrians pass the entrance to Norway’s central bank, also known as Norges Bank, in Oslo, Norway, on Thursday, Feb. 13, 2014. Norway’s sovereign wealth fund, the world’s largest, made a 19.9% return on investment last year, earning a record 1.69 trillion Norwegian crowns ($180 billion) as stock markets rallied, it said on Thursday. The $1.1 trillion fund’s return for the year was stronger than that of its benchmark index, it added. Apple Inc and Microsoft Corp contributed the most to the fund’

Virgin Galactic recently took on the mantle from Tesla of the market’s hottest speculative stock, with retail investors jumping in with both feet. But the bubble has popped this week in the space tourism play and losses are accelerating Thursday as two major Wall Street backers downgraded the shares.

However, the number of cases outside the country has surged in recent weeks — especially in places like South Korea, Italy, and Iran. In South Korea, the Kospi closed 1.05% lower at 2,054.89 as the Bank of Korea kept its policy rate unchanged. The central bank surprised markets by holding its benchmark interest rate at 1.25% when analysts polled by Reuters were expecting a cut. South Korea now has the most number of confirmed cases outside China, where the outbreak was first reported. Coronaviru

European Union flags flutter in the breeze during the second day of a special European Council summit in Brussels on February 21, 2020, held to discuss the next long-term budget of the European Union (EU). The United States and Europe have ample monetary and fiscal resources to promote economic growth and a harmonious development of their free-market democracies. Political leaders, especially those in Europe, are now forced to recognize that errors of economic policy have led to rising poverty,

Mahathir Mohamad, a 94-year-old veteran politician, unexpectedly resigned as Malaysia’s prime minister this week. Singapore last week announced what some economists said is its largest government deficit yet to help businesses and households manage economic challenges from the coronavirus outbreak. She added that “limited political space” to support the economy amid the virus outbreak means that Malaysia’s growth could slow to 3.6% this year from 4.3% in 2019. Wellian Wiranto, an economist from

Darrian Traynor | Getty ImagesThe new coronavirus outbreak that started in China and spread across the world will have a major impact on Australia’s near-term growth outlook, experts said. Economists have said that would affect growth in the first quarter and may extend to the second quarter. China shutdown will cut into their GDP growth and definitely (would) do damage to Australian GDP growth,” he said. “The region accounts for around 70% of Australia’s exports, so weaker growth in China, whic

Muslims pray at Masjid al-Nabawi after completing the hajj pilgrimage in Medina, Saudi Arabia on August 19, 2019. Saudi Arabia’s Foreign Ministry announced it will temporarily suspend the entry of foreigners for pilgrimage and tourism purposes, preventing travel to the country’s holiest sites over fears of the fast-spreading coronavirus. In a statement published Thursday, Riyadh’s government said it was temporarily “suspending entry to the kingdom for the purpose of umrah and visiting the Prophe

Even if OPEC cuts production by 600,000 barrels a day, oil prices could remain weak until April, according to a senior analyst at S&P Global Platts. That’s because inventories are rising amid lower oil demand due to the coronavirus outbreak, Kang Wu, Asia’s head of analytics, told CNBC’s “Capital Connection” on Thursday. Oil prices have been under pressure because of the virus that shuttered Chinese businesses for weeks and forced flight cancellations around the world. As the economic impact of

From homes and offices to stadiums, museums and hospitals, buildings provide us with a wealth of benefits. According to the International Energy Agency (IEA), final energy use in buildings hit approximately 3,060 million tons of oil equivalent (Mtoe) in 2018, up from 2,820 Mtoe in 2010. Fossil fuels’ share in buildings’ energy use was at 36% in 2018, the IEA says, a small drop compared to 38% in 2010. “There is a massive built environment which is existing, and it is not very sustainable,” he sa

Standard Chartered posted a substantial rise in pre-tax profit for 2019 on Thursday, but the Asia-focused bank warned that the spread of the coronavirus would likely slow progress toward one of its key earnings targets. The company said annual pre-tax profit was up 46% at $3.7 billion for the year, although this was slightly below analyst expectations, and said it expects to take longer to meet its 10% ROTE (return on tangible equity) target. Standard Chartered CEO Bill Winters told CNBC that th

The 10-year yield started this week trading above 1.4%. —Imbert7:13 am: Virgin Galactic shares dive on two downgradesOne-time market darling Virgin Galactic is falling in premarket trading after two major Wall Street backers threw in the towel, citing valuation. – Melloy7:09 am: Etsy surges on earnings beatShares of Etsy soared more than 10% in extended trading following its strong fourth quarter earnings. S&P 500: coming off 5 straight negative sessions, down 6.63% for the week and on track for

Wheely founder and CEO Anton Chirkunov. WheelyWheely, which pitches itself as a “luxury” alternative to ride-hailing giant Uber, plans to raise at least $30 million to fuel an expansion overseas. Though it’s not yet decided which region it will expand to first, the firm’s boss told CNBC it invests around $10 million on each new city expansion. London-based Wheely claims to have a run rate — which is used to measure annual financial performance — of $110 million in gross bookings. “These sorts of

But before he started Monzo, Blomfield was in Silicon Valley at the start-up accelerator Y Combinator, setting up a different fintech, or financial technology, business called GoCardless with two college friends. “I went to Y Combinator through that company and got to know the team there relatively well,” Blomfield recalls in an interview. “Y Combinator really shaped my experience.” “We are first and foremost a regulated bank,” Blomfield said. Last year also saw Y Combinator throw its weight beh

U.S. government debt prices were slightly higher Thursday morning as fears over the global spread of the new coronavirus continue to hammer risk assets. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was slightly higher at 1.3170% having earlier hit a new record low. The yield on the 30-year Treasury bond was up at 1.8082%, having previously tested the all-time lows seen earlier this week. The rapid spread of the virus worldwide has sparked fears of a pande