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 Boris Schlossberg of BK Asset Management says there are MUCH better choices than Apple in this climate.
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Live updates on stock market and business news during the coronavirus outbreak.
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For Americans gripped with fear and confusion over the rapid spread of the coronavirus, Cuomo and Fauci have emerged as unexpected emotional life rafts.
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 Mexico's peso led Latin American
currencies lower on Monday as a strong dollar and sinking oil
prices weighed, with further pain seeming apparent as the
coronavirus outbreak rattled the global economy.
Regio
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 (Bloomberg) -- Oil tumbled to an 18-year low as coronavirus lockdowns cascaded through the world's largest economies, leaving the market overwhelmed by cratering demand and a ballooning surplus.Futures in London plunged by 9% to the lowest level since March 2002, while New York crude dipped below $20 a barrel before settling just above that level. While U.S. President Donald Trump spoke with Russian counterpart Vladimir Putin Monday to discuss the importance of stable energy markets, that did little to stanch the decline.A huge oversupply is further collapsing the oil market's structure, and there may be more weakness to come as the world quickly runs out of storage capacity. The slump in demand has shut refineries from South Africa to Canada, leading to excess barrels in the market.At the key storage hub of Cushing, Oklahoma, inventories are said to have ballooned by more than 4 million barrels last week, according to traders with knowledge of Genscape data, raising fears about storage capacity limits being reached."We're grinding lower here and we'll continue to get lower as runs get cut globally," said John Kilduff, a partner at Again Capital LLC, a New York hedge fund focused on energy. "As we see specific points like Cushing near its limits, it's just going to put greater and greater pressure on the price till we get to a clearing point."Prices are on track for the worst quarter on record. Goldman Sachs Group Inc. estimates consumption will drop by 26 million barrels a day this week as measures to cont
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Gains for the Dow firm Monday, supported by shares of health-care related companies like Johnson & Johnson and UnitedHealth Group, as investors assess efforts to slow the spread of the COVID-19 pandemic and cushion the economy against the impact of a near lockdown of activity across much of the U.S.
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It's hard to wrap your brain around $2 trillion. That's where this visual from cost-estimating website HowMuch.net comes in.
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The number of cases of COVID-19, the illness created by the novel coronavirus, continued to climb on Monday, with the U.S. tally nearing 145,000 as President Donald Trump extended social restrictions until at least the end of April.
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 Facebook said Monday that it will invest $100 million to help support the news industry during the coronavirus pandemic: $25 million in emergency grant funding for local news via its Facebook Journalism Project, and $75 million in additional market spending to help move money to news organizations globally. Vice president of global news partnerships Campbell...
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 Gap Inc. , which owns the Gap, Banana Republic and Old Navy retail chains, and Ascena Retail Group Inc. , which operates Ann Taylor and other stores, announced plans Monday to furlough employees amid the spread of COVID-19. Gap announced that it would "furlough the majority of its store teams in the United States and Canada, pausing pay but continuing to offer applicable benefits until stores are able to reopen," along with laying off corporate workers and cutting executive salaries. Gap previously announced that stores would be closed till April 1, but extended that indefinitely Monday. "After taking the extraordinary measures of temporarily closing all of our company-owned stores in North America and Europe two weeks ago, we are now in a position where we must take deeper actions, new Gap Chief Executive Sonia Syngal said in Monday's announcement. "Each decision, however difficult, has been made to ensure that we build toward a future where Gap Inc. can come out of this stronger -- for our customers, our shareholders and, most importantly, our teams." Gap had 129,000 employees as of the end of January, according to regulatory filings. Ascena, which closed down its Dressbarn chain late last year amid struggles, said it would furlough all of its retail employees and half its corporate staff, and cut executive salaries in half. Distribution centers will remain open and operate at limited capacity, the company announced. Ascena had 53,000 employees as of Aug. 3, 2019.
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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DE Shaw, Baupost and TCI are reopening flagship funds to fresh investments
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