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A deep global recession was unthinkable just a few months ago. Stocks were rising, economies were expanding, and optimism was high.

The novel coronavirus outbreak that originated in China is now

The fallout of the novel coronavirus and the rapid spread of COVID-19 has sent financial markets plunging, consumers panicking, and governments encouraging people to stay home and distance

Shares of German auto giant Volkswagen AG (OTC: VWAGY) were down sharply on Wednesday, a day after the company said it's shutting down its factories in Europe and warned that it can't yet forecast

Shares of aerospace suppliers fell on Wednesday after Boeing (NYSE: BA) sent out a distress signal concerning the health of the industry. Spirit AeroSystems Holdings (NYSE: SPR), a one-time Boeing

In June, AbbVie (NYSE: ABBV) made a bid to purchase Allergan (NYSE: AGN) in a cash and stock transaction valued at $63 billion. AbbVie likely decided to pursue the massive acquisition in part to

The parade of retailers closing their doors early -- or closing their doors entirely -- in the era of coronavirus keeps getting longer.

Two days ago, retail behemoth Walmart (NYSE: WMT) announced

Shares of the Detroit automakers were sharply lower on Wednesday morning, as investors began to focus on concerns about plummeting auto sales and the growing list of factory shutdowns in Europe and

Shares of Chinese electric-car maker NIO (NYSE: NIO) were down sharply on Wednesday morning after the company reported a fourth-quarter loss that was worse than expected and disclosed that it had

Oil prices continued to crater today. WTI, the U.S. oil benchmark, plunged another 11% by 10:00 a.m. EDT on Wednesday, falling below $24 a barrel, which is a 17-year low. Weighing on oil was the

Shares of HCA Healthcare (NYSE: HCA) were sinking 17.4% lower as of 11:33 a.m. EDT on Wednesday. The hospital operator didn't report any new developments, but rising worries about the impact of the

The stock market returned to its downward trend Wednesday morning, as market participants waited impatiently to see whether lawmakers in Washington would be able to put together an economic stimulus

These are unappetizing times for the restaurant industry. Chains are shutting down their dining rooms in the pursuit of pandemic containment, and limiting operations to takeout and delivery for

A number of retailers have chosen to close due to coronavirus. Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), and Nike (NYSE: NKE) have all voluntarily decided to close their stores, as have a

Shares of BioNTech (NASDAQ: BNTX) were skyrocketing 46.4% higher as of 11:07 a.m. EDT on Wednesday. This huge gain came after the biotech announced Tuesday that it and Pfizer (NYSE: PFE) would

Honda Motor (NYSE: HMC) said Tuesday that it will suspend production at its North American factories for six days in an effort to adjust to an expected drop in demand amid the COVID-19 pandemic. 

With workers being forced to work from home due to coronavirus, Best Buy (NYSE: BBY) has seen a spike in sales, according to the Star Tribune.

The sales increase has been driven by people buying

The cannabis industry is projected to grow rapidly over the next few years, but companies looking to profit from this trend have several headwinds to deal with. One of these issues is the fact that

It's been nearly four years since HTC and Facebook's (NASDAQ: FB) Oculus launched this generation of virtual reality (VR) with the Vive and Rift headsets, respectively. They were supposed to be

Broadcast news and entertainment giant Fox Corporation (NASDAQ: FOX) (NASDAQ: FOXA), announced late Tuesday that it would acquire free, ad-supported streaming service Tubi for $440 million in cash

It seems that every time Bitcoin seems like it could break out toward new highs, its price comes plunging back down.

After surging earlier this year, Bitcoin's price is now down approximately 50%

After two new confirmed cases of COVID-19 in the region, Macau has increased its border restrictions, barring visitors from all nations except mainland China, Hong Kong, and Taiwan from entering. 

Investors will have to wait longer than anticipated for HEXO's (NYSE: HEXO) latest quarterly results. The cannabis company announced Tuesday that it failed to file crucial components of its fiscal

Ulta Beauty (NASDAQ: ULTA) recently announced fourth-quarter earnings results that ended its fiscal year on a positive note. Sales growth sped up during the holiday shopping period despite the weak

COVID-19 has been wreaking havoc on American life for a couple of weeks now, with its most extreme impacts being felt in the past few days. With cases now present in all 50 states, we're seeing mass

The United Auto Workers (UAW) labor union says that it has reached a deal with the Detroit automakers that will keep U.S. auto factories open and running, at least for now.

The statement came after