Category: coronavirus
COVID-19 market turmoil tests NYSE’s shutdown circuit-breakers
For the second time this week trading on the New York Stock Exchange halted for 15 minutes this morning when a market drop triggered the exchange’s internal circuit breaker, shortly after 9:30am. The control, part of the NYSE’s automatic provisions to pause trading, has been put to the test since…
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Airlines start canceling more flights from Europe as new restrictions go into effect
With the White House’s surprise decision to bar foreign nationals from Europe from entering the United States, the already battered airline industry is facing yet another challenge. Unsurprisingly, we are now seeing even more cancellations across the industry as even U.S. citizen and legal permanent residents can now only enter…
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Clobbered by coronavirus econ news? Here’s an in-depth, 90 day rewind
There’s just been a torrent of economic news since the first identification of patients with COVID-19 in Wuhan, China in early December 2019 until the declaration of a global pandemic by the World Health Organization (WHO) yesterday. Investors have fled the public market, more and more companies are teetering on…
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Bitcoin is also having a very, very bad day
Bitcoin is going through a remarkably bad day. It turns out all assets are having a rough month — including cryptocurrencies. A couple of hours ago, the average price of BTC dropped by 15% in just 20 minutes. On CoinGecko, 1 BTC was worth around $7,250 across different exchanges at…
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Asian stock markets fall as COVID-19 is declared a pandemic
American stock markets plunged on Wednesday, after the World Health Organization officially declared the spread of COVID-19 a pandemic. In Asia, meanwhile, almost all the major stock indexes were also trading lower the morning after the WHO’s announcement, with the Asia Dow Index down 4% by midday. Morning trading in…
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Twitter makes working from home mandatory for employees around the world in response to COVID-19
After “strongly encouraging” it earlier this month, Twitter said today that working from home is now mandatory for all employees around the world due to COVID-19 concerns. In announcement, the company said “we understand this is an unprecedented step, but these are unprecedented times.” The World Health Organization officially declared…
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