WHO Declares Coronavirus Outbreak a Global Public-Health Emergency
The World Health Organization declares the coronavirus outbreak in China a global public health emergency. Meanwhile, the CDC confirmed the first person-to-person spread of the virus in the U.S.
Stocks End Day With Push to Gains
Stocks flipped higher after the World Health Organization officials acknowledged the seriousness of the viral outbreak in China but said they weren't recommending restrictions on international trade and travel.
Bank of Canada Might Need to Look Beyond Two-Year Horizon in Setting Rates
The Bank of Canada might need to look beyond its usual two-year horizon when considering the impact of monetary policy on consumer debt and housing markets, a senior official said.
Luxury Brands Fear Coronavirus Sales Hit
The coronavirus outbreak in China is threatening the luxury goods industry with a significant sales hit after a decade of relentless growth fueled by Chinese shoppers.
American Securities' Bet on Rising Mortgage Defaults Turns Sour
Mortgage Contracting Services has seen its revenue and earnings decline since its 2017 acquisition by American Securities.
Commodities Traders Face Limits on Speculative Positions Under U.S. Proposal
Federal regulators proposed position limits in markets for commodities such as gold, sugar and crude oil while leaving exchanges with considerable leeway in deciding how to contain speculative bets.
Intelsat Bonds Fall on Fears Over FCC Auction Plan
The bonds plummeted to record lows Thursday as concerns grew that the company will receive far less than expected when the FCC auctions off the C-band spectrum.
Brexit Brings Slow Change in U.K. and Overhaul in Brussels
Many Brexit changes will come slowly in the U.K., thanks to a transition period included in the agreement, but the historic step will be noticed in Brussels.
U.S. Economy Heads Into 2020 With Steady Growth
The economy grew at a rate of 2.3% last year, settling into a steady pace of roughly 2% that has prevailed during the decade-old economic expansion.
Bank of England Keeps Rates Steady
The Bank of England held its benchmark interest rate steady and said it expects the U.K. economy to slow sharply this year following its departure from the European Union.