Virus fears spook markets and hit tourism sector
U S stocks fell sharply as the Dow dropped 453.93 points to 28535.80 marking a five day rout amid worries about a new virus in China. Airlines and resorts led losses with Wynn Resorts down 8.1 percent and Las Vegas Sands off 6.7 percent as travel demand wanes.
MENTIONED IN THIS ARTICLE
U.S
China
Dow
Wall Street
Europe
Japan
Quincy Krosby
Prudential Financial
Asia
Germany
DAX
France
Wuhan
United States
FactSet
Wynn Resorts
Las Vegas Sands
Macao
MGM Resorts
American Airlines
Delta
Global tourism hit as China virus outbreak spreads
The coronavirus crisis curbs Chinese outbound travel imposing heavy losses on hotels airlines casinos and cruise lines. Taiwan Thailand Japan Vietnam and Hong Kong face spillover with Hong Kong tourism down 56 percent year over year by November.
MENTIONED IN THIS ARTICLE
China
Asia
International Monetary Fund
Hong Kong
Beijing
Washington
Lion
Bangkok
Vietnam
Singapore
Philippines
Tommy Wu
Priyanka Kishore
Oxford Economics
GM to invest 2.2 billion to revamp Detroit Hamtramck plant
General Motors will invest 2.2 billion dollars to overhaul the Detroit Hamtramck Assembly plant, creating 2,200 jobs as it becomes the automaker’s first all electric vehicle plant. The site will idle for retooling from Feb. 28 with about 800 hourly workers affected, while a new Cruise Origin self driving shuttle will be produced alongside existing Cadillac CT6 and Impala output.
MENTIONED IN THIS ARTICLE
Detroit
General Motors
Detroit-Hamtramck
Mark Reuss
GM Cruise
San Francisco
Orion
Lake Orion
U.S
UAW
Fed holds line as Powell signals cautious stance on rates
Fed officials prepare for a meeting amid broad confidence in current policy with rates at 1.5 to 1.75 percent. Powell cites a steady economy and a strong job market as inflation stays low, while questions focus on future central bank asset purchases and potential rate moves. SIPRI ranks China as a leading arms producer ahead of Russia, based on 2015–2017 data. A privacy probe in Germany targets H and M over alleged extensive employee data breaches at its Hamburg site.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Jerome Powell
Fed
Treasury
Copenhagen
Denmark
China
United States
Russia
Stockholm International Peace Research Institute
SIPRI
Berlin
H&m
Germany
Hamburer
Nuremberg
Also Mentioned on This Page
Alex Veiga and
Damian J. Trois
The
Associated Press
Detroit-Hamtramck Assembly
Jamie L. LaBeau
Detroit Free Press
Terry Dittes
Frank Staglin
Hamtramck
Free Press
Hamtramck, Michigan
Ing
New York Fed
John Williams
Harker
Robert Kaplan
Dallas Fed
Neel Kashkari
Minneapolis Fed
Loretta Mester
Cleveland Fed
the Market IN Review
S&p
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
Wilshire
Russell
Nyse Anp
Naspaaq
Gamners
Achillion
CleBio H
Intellichk
Fordm
NanoViric
Clickint
BkofAm
LAIX
AMD
CoDiagn AethMdhrs
Apple Inc
CideraTh
At&t Inc
Kinross G
AbbVie
Kohls
LincNat
LuckinCin
Marathao
Alibaba
Amber
Micront
Amcorn
Microsoft
Amé Airlines
Newell Br
Aurorac
NiSource
BartickGld
NokiaCp
Northropg
BedBath
Novaux Rs
BeyondMtn
OasisPet
BrMySq
CaesarsEnt
OwensCorn
CallonPet
Cedars
PepsiCo
Petrobras
ChesEng
Pfizer
Cisco
Citigroup
Pinterest
RPM
CoDiaga
RangeRs
CocaCola
Comcast
Schimbrg
Sherwin
EggTrnsfr Shiloh
ExxonMbl
Sirilusxm
Facebook
Smucker
FirstEngy
Snapinc A
Frptmcm
SwstnEngy
Sprint
GenElec
Target
Tesla Inc
Gerdau
Transcen
Hallibrun
Trip.com
HomeDp
Uber Twin
HuntBnesh
Infosys
US Steel
InovioPhm
Vale SA
Intel
VerizonCm
IBM
WalMart
Invacare
Wells Fargo Ltatiunh
Wendys Co
Jd.com
Yamana G
Keycorp
YumBrnds
KindMorg
Zynga
CommMopitTiEs i
Exch
Chg
Sweet Crude
NYMX
CME
New York Mercantile Exchange
Chicago Board of Trade
Chicago Mercantile Sugar (World
ICE
Intercontinental Exchange
Mutual
American Funds
AmrenBalAm
FdmillavsAm American Funds
Grfamrca
Incamrca m
Invcamrca m
NwPrspctvAm
Wamtinvsam
Dodge & Cox Inc
Dodge & Cox
Fidelity
Fidelity TiMktIdxinsPrm
Fidelity Usb didxInsPrm
Franklin Templeton IncAr_m
Metropolitan West
TtlRetBdl
PIMCO
Schwab
T. Rowe Price Bcgr
Vanguard
Vanguard Hcadmrl
Vanguard Intiteadmrl
Vanguard Insidxins
Vanguard InsidxInsPlus
Vanguard PrmCpAdmrl
Doe
SEC
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!