Wall Street hits bear market as virus fears rise
Stocks tumble with the Dow down about 1,464 points as the virus outbreak pushes the market toward a bear market. The S&P 500 nears bear territory while the Bank of England cuts rates to blunt economic pain and governments weigh stimulus moves. Analysts warn containment, not just policy, will determine the economy’s path.
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New York
Trump Administration
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Wall Street
U.S
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World Health Organization
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Invesco
Congress
Patrick Schaffer
J.pmorgan Private Bank
Virus hits economy and corporate debt risk rises
The coronavirus threatens profits and growth as demand fades and oil sinks. U.S. corporate debt tops 9.6 trillion dollars with nonfinancial firms and banks piling up 75 trillion globally when including other creditors. Energy, airlines, and cruise lines face credit strain. some bonds downgraded to junk.
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Washington
United States
Organization For Economic Cooperation and Development
China
Institute of International Finance
Federal Reserve
Kenneth Rogoff
Harvard
Macy's
Kraft Heinz
Standard & Poor’s
Carnival Corp
Carnival
Panda Express sues over Panda Libre trademark clash
In Gilbert Arizona Panda Express accuses Panda Libre of infringing its Panda trademark in a federal suit. The case probes cultural branding in fast casual dining with experts noting the legal right to trademark common cultural terms and the high costs to defend or settle a dispute.
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Gilbert
Ariz
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Paul
Nicole Fan
China
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Telly Wong
IW Group Marketing Agency
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Wong
Jack's
Rosemead
California
Panda Libre
Charles Valauskas
Chicago
Doe
SEC
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Associated Press
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Dodge & Cox Inc
Dodge & Cox
Fidelity
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Vanguard
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