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NYTimes BusinessMar 31, 2020
Stock Markets in Asia Signal Investor Caution: Live Updates
Live updates on stock market and business news during the coronavirus outbreak.

MarketWatch MarketPulseMar 30, 2020
Airbnb pledges $250 million for hosts to weather coronavirus-related cancellations
Airbnb on Monday pledged $250 million to help support hosts whose guests have canceled reservations due to the coronavirus outbreak. In a blog post, Airbnb said its "extenuating circumstances policy" would apply for trips booked before March 14 and check-ins between March 14 and May 31. Guests will be able to cancel for full refunds, while Airbnb will pay hosts 25% of what they would have made on the canceled trip. The company said stays booked after March 14 -- the date the World Health Organization declared a global pandemic -- will not fall under under the extenuating circumstances policy, and regular cancellation terms will apply. For stays reserved after May 31, the company asked hosts and guests to either cancel or re-affirm their reservations. The COVID-19 pandemic has dealt a severe blow to Airbnb, with the Wall Street Journal reporting hundreds of millions of dollars lost this year, forcing the company to consider a capital raise or whether to alter its plan to go public via a direct offering.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseMar 30, 2020
RH shares plunge 12% on revenue, net income misses
RH shares plunged 12% in after-hours trading Monday after the parent company of Restoration Hardware reported fiscal fourth-quarter revenue and net income that fell far short of Wall Street estimates. RH reported net income of $68.4 million in the quarter, or $2.66 a share. Revenue dipped to $664.9 million from $670.9 million a year ago. Analysts surveyed by FactSet had expected net income of $3.59 a share on sales of $709 million. RH shares are up 14% in the last year. The broader S&P 500 index is down 8% in the last year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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MarketWatch MarketPulseMar 30, 2020
Ford plans to make 50,000 ventilators by the Fourth of July
Ford Motor Co. said Monday afternoon that it has reached a deal to begin manufacturing ventilators needed by hospitals to treat COVID-19 patients. The company said that it will manufacture the equipment at an Ypsilanti, Michigan, plant using a design licensed from Airon Corp. by the health care division of General Electric Co. The automobile company expects to produce 50,000 ventilators within 100 days, by July 4, and then 30,000 a month as needed using paid volunteers represented by the United Auto Workers union. "The Ford and GE Healthcare teams, working creatively and tirelessly, have found a way to produce this vitally needed ventilator quickly and in meaningful numbers," Ford Chief Executive Jim Hackett said in Monday's announcement.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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