Two soldiers of the Military Emergency Unit are seen carrying material to disinfect the nursing and day centre ORPEA Sanchinarro for the second time to stop coronavirus infection on April 01, 2020 in Madrid, Spain. Europa Press News —This is a live blog. Please check back for updates. Global cases: […]
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Mortgage applications to buy a home plummet 24% annually as coronavirus slams spring housing
A ‘For Sale’ sign stands outside a home in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images The coronavirus appears to be splitting the mortgage market: More borrowers are refinancing to save money on monthly payments, while potential homebuyers are backing away fast. Driven entirely by refinancing, total mortgage […]
‘I heard the roar’: 6.5 earthquake hits Idaho
A large earthquake struck north of Boise Tuesday evening, with people across a large area reporting shaking. The U.S. Geological Survey reports the magnitude 6.5 temblor struck just before 6 p.m. It was centered 73 miles (118 kilometers) northeast of Meridian, near the rural mountain town of Stanley. There were […]
US, Italy and Spain have the most coronavirus cases. These charts show their infection curves
A temporary hospital which is been settled up by members of the California National Guard is seen in Indio, California on March 29, 2020. Apu Gomes | AFP | Getty Images The ongoing coronavirus pandemic has shown few signs of abating and is now one of the largest threats to the […]
European stocks post their worst quarter since 2002: Here’s what to expect now
European markets have posted their worst quarter since 2002 as the coronavirus pandemic, and the nationwide shutdowns it has necessitated, hammer the global economy. By Tuesday’s close, the pan-European Stoxx 600 index had fallen by 23.03% since the turn of the year, its worst first quarter on record but narrowly […]
Dow set to fall 500 points at the open after market posts worst first quarter on record
U.S. stock futures dropped early Wednesday morning and pointed to sizable declines at the open, following the end of the worst first quarter on record for the Dow and S&P 500 spurred by the coronavirus sell-off. At around 3:30 a.m. ET, Dow Jones Industrial Average futures fell 528 points, indicating a […]
5 charts that explain the Saudi Arabia-Russia oil price war so far
Two of the world’s largest oil producers — Saudi Arabia and Russia — are set to increase production dramatically this month, after an agreement between OPEC and its allies to lower output expired at the end of March. OPEC+ countries have teamed up to reduce their supply to the market since 2017, […]
Dow set to fall 700 points at the open after market posts worst first quarter on record
U.S. stock futures dropped early Wednesday morning and pointed to sizable declines at the open, following the end of the worst first quarter on record for the Dow and S&P 500 spurred by the coronavirus sell-off. Dow Jones Industrial Average futures fell 684 points, indicating a Wednesday opening loss of […]
Coronavirus live updates: China reports 36 new cases, 7 deaths
This is a live blog. Please check back for updates. Global cases: More than 856,900 Global deaths: At least 42,081 Top 5 countries: United States (187,919), Italy (105,792), Spain (95,923), China (82,278), and Germany (71,808) The data above was compiled by Johns Hopkins University as of 7:58 a.m. Beijing time. […]
Investors can do some buying as markets are ‘a lot cheaper,’ but key is moderation, says billionaire investor Howard Marks
A pedestrian wearing a protective mask walks along Wall Street in front of the New York Stock Exchange (NYSE) in New York, U.S. on Monday, March 30, 2020. Michael Nagle Bloomberg | Getty Images Oaktree Capital co-chairman Howard Marks is leaning toward a more negative outlook because of the uncertainty […]