The week’s blistering stock sell-off has slashed the Dow Jones Industrial Average’s gains since President Donald Trump’s election. What was once a 61% Dow gain just 16 days ago on Feb. 12 has eroded to a far thinner 38.6% rally as the index fell from an all-time high of 29,568 to around 25,409. The gain in the Dow is just 28.8% if you measure from Trump’s inauguration day more than three years ago. The dramatic fall in Dow (and S&P 500) gains since the president’s election came after the single

United Airlines is offering pilots to take a month off at reduced pay, according to a union memo sent on Friday, a measure that follows flight cuts due to the spread of coronavirus. United on Friday announced service reductions throughout Asia because of the illness, known as COVID-19, which has sickened more than 83,000 people. The spread of the illness has raised concerns that weak demand and new travel restrictions will prompt airlines to further cut international flights. United is now offer

The United States has decided to postpone a meeting with leaders of Southeast Asian countries it had planned to host on March 14 due to worries about the coronavirus outbreak, two U.S. officials familiar with the matter said on Friday. U.S. President Donald Trump had invited leaders of the 10-member Association of Southeast Asian Nations (ASEAN) to meet in Las Vegas after he did not attend a summit with the group in Bangkok in November. “As the international community works together to defeat th

Malaysia’s former deputy prime minister Muhyiddin Yassin shows a document after submitting an application for a new political party on August 9, 2016. “His majesty has decreed that the process of appointing a prime minister cannot be delayed,” it added. “I only ask for all Malaysians to accept the decision announced by the national palace,” Muhyiddin told reporters at his home. Former UNMO prime minister Najib Razak is on trial for corruption. UMNO, which Mahathir led from 1981 to 2003 during a

Factory activity in China contracted at the fastest pace on record in February, highlighting the damage from the coronavirus outbreak on the world’s second-largest economy. Analysts polled by Reuters expected the February PMI to come in at 46.0. The results suggest deepening cracks in an economy already hit by the trade war as the coronavirus forces widespread transport curbs and tough public health measures which have paralyzed economic activity. China’s economy is widely expected to suffer ano

Migrants clash with Greek police on the buffer zone Turkey-Greece border, at Pazarkule, in Edirne district, on February 29, 2020. – Thousands of migrants stuck on the Turkey-Greece border clashed with Greek police on February 29, 2020, according to an AFP photographer at the scene. Greek police fired tear gas at migrants who have amassed at a border crossing in the western Turkish province of Edirne, some of whom responded by hurling stones at the officers. Greek police fired teargas toward migr

– Washington and the Taliban are set to sign a landmark deal in Doha that would see them agree to the withdrawal of thousands of US troops from Afghanistan in return for insurgent guarantees. A peace deal was signed in the Qatari capital of Doha on Saturday, which aims to kick-start U.S. troop withdrawals from Afghanistan. U.S. and Taliban negotiators signed the agreement at approximately 4 p.m. local time which will allow a reduction in American troops and targets a permanent cease-fire. U.S. s

A pedestrian carries an umbrella while walking in front of the New York Stock Exchange, Feb. 26, 2020. Concerns over the coronavirus’ impact on corporate earnings and the global economy sent stocks careening lower this week, spooking near-term traders and long-term investors alike. The 30-stock average also entered correction territory after falling more than 10% from the record high set on Feb. 12. The S&P 500 dipped into correction territory as well after posting a record high on Feb. 19. CNBC

Vice President Mike Pence detailed the heightened travel warnings in a press conference from the White House. — Newburger12:06 pm: Trump to hold White House press conference on latest developmentsPresident Donald Trump announced he will hold a 1:30 pm ET press conference at the White House on the latest coronavirus developments. He also that the number of confirmed cases had risen to 73 and that there had been no new deaths. The country has had a record increase since it confirmed the first pat

The U.S. reported on Saturday its first death from the coronavirus in King County in Washington state. Jamie Nixon, a public information officer with the Washington State Department of Health, said that a patient in the state has died from the infection. Officials will hold a news conference in King County at 4:00 pm EST, in which they will discuss the death and other confirmed cases across the country. There are more than 85,000 confirmed cases of the virus worldwide and at least 2,933 confirme

A woman wears a masks in Chinatown following the outbreak of the novel coronavirus, in Chicago, Illinois, U.S. January 30, 2020. But with the rapid spreading of the coronavirus, third-party sellers like Bernard are in jeopardy of losing big business. “It hasn’t affected us yet, but we’re really close to being out of inventory,” Bernard said. Amazon sellers represent just one slice of the business world that’s at risk of falling into a tailspin as panic sets in surrounding the coronavirus. Many A

Depending on the car dealer and the cost of the car itself, you may be able to pay for this big-ticket purchase by simply swiping your credit card. Consider the car dealershipLike all merchants that accept credit cards, car dealerships have to pay processing fees for every card transaction, so they have their own rules about whether or not you can pay using credit. Consider your credit limitA big factor when buying a car on a credit card is your credit limit. Unless you have a card that offers a

If you have booked a flight, hotel, tour, or other travel arrangements and you’re now nervous about traveling, here’s what you need to know about how your travel insurance will and won’t cover you. “That’s the only type of travel insurance policy that will cover travels for those concerns,” Barto says. “The only drawback that you may consider is that these policies can cost as much as 50% more than a standard travel insurance policy.” These policies can cost as much as 50% more than a standard t

If you have booked a flight, hotel, tour, or other travel arrangements and you’re now nervous about traveling, here’s what you need to know about how your travel insurance will and won’t cover you. “That’s the only type of travel insurance policy that will cover travels for those concerns,” Barto says. “The only drawback that you may consider is that these policies can cost as much as 50% more than a standard travel insurance policy.” These policies can cost as much as 50% more than a standard t

But perhaps the biggest obstacle standing in the way is the traditional 20% down payment people expect they need in order to buy. How much you’d need to save per paycheck to buy a homeThese calculations of what you’d need to save per paycheck to achieve this goal within two years are based on averages. Shortening or extending your timeline can also influence how much money you’ll need to sock away every pay period. How much you need to put down to buy a home varies depending on the kind of mortg

But perhaps the biggest obstacle standing in the way is the traditional 20% down payment people expect they need in order to buy. How much you’d need to save per paycheck to buy a homeThese calculations of what you’d need to save per paycheck to achieve this goal within two years are based on averages. Shortening or extending your timeline can also influence how much money you’ll need to sock away every pay period. How much you need to put down to buy a home varies depending on the kind of mortg

We understood that kids naturally develop an interest in money because you’re exchanging nothing tangible, in their minds, for stuff. So as our oldest entered kindergarten, we decided that the best moment to begin was as soon as they started asking money questions. While my monthly was low, I signed on the dotted line line for 24.99% interest, which was a painful lesson to be learned over the next six years. That said, having an idea of what a car payment is and explaining the basic idea would h

The sense of feeling unqualified for a position despite evidence to the contrary, often called impostor syndrome, is not uncommon, even among highly successful people like Chopra. Almost three-fourths, or 70%, of Americans report having at some point experienced impostor syndrome, according to a 2011 study in the Journal of Behavioral Science. Here are three strategies to help you get over impostor syndrome and get on track to meet your career goals. Build a support systemOne way to combat impos

It may come as a surprise, but you can charge tuition on a credit card. According to Bruce McClary, a spokesman for the National Foundation for Credit Counseling (NFCC), credit card payments are not your best option for paying for higher education. Can you charge tuition on a credit card? Why you shouldn’t pay for college on a credit card The only time using a credit card to pay for tuition makes sense Other financing options to pay for college Deciding how to pay for college1. The only time usi

According to Payscale, U.S. small business owners make, on average, $70,300. Pay yourself somethingMelanie Hopkins, founder of Finance Friend, a New York-based firm that helps entrepreneurs start and grow businesses, says there is no set formula on how business owners should pay themselves. “It is the most important decision that many business owners forget to make. It’s difficult to pay yourself based on an informed decision that is right for both you and your business.” “We never want to pay o