S&P cuts U.S. growth forecast again as virus spreads

SYDNEY (Reuters) – A rapidly spreading coronavirus outbreak will likely be a “material headwind” for the…

Another foul day on Wall Street after surprise Fed rate cut

By Noel Randewich (Reuters) – Wall Street tumbled in a volatile session on Tuesday after the…

Wall Street prepares as coronavirus gets closer to home

By Elizabeth Dilts Marshall and SinĂ©ad Carew NEW YORK (Reuters) – Wall Street stepped up preparations…

World Bank announces up to $12 billion in immediate funds for coronavirus

By Andrea Shalal WASHINGTON (Reuters) – The World Bank on Tuesday announced an initial $12 billion…

Nordstrom sales miss, sees 2020 earnings below estimates

NEW YORK (Reuters) – Nordstrom Inc <JWN.N> forecast a 2020 profit largely below market expectations on…

Canada prepared to act quickly to help firms hit by coronavirus outbreak: finance minister

By David Ljunggren OTTAWA (Reuters) – Canada is prepared to act quickly to help companies hurt…

Debt sales make a comeback after coronavirus shut-down

By Yoruk Bahceli and Kate Duguid LONDON/NEW YORK (Reuters) – Companies took advantage of a window…

Impossible Foods cuts prices of plant-based meat sold to distributors

(Reuters) – Impossible Foods on Tuesday announced an average 15% cut in prices of its vegan…

Hewlett Packard Enterprise cuts cash flow outlook on coronavirus impact, shares down

(Reuters) – Hewlett Packard Enterprise <HPE.N> on Tuesday cut its free cash flow forecast for the…

Ackman hedges to protect against coronavirus’ ‘negative’ impact

By Svea Herbst-Bayliss BOSTON (Reuters) – Billionaire hedge fund investor William Ackman on Tuesday said he…

NBCUniversal sells record $1.25 billion in Tokyo Olympic ads

By Sheila Dang (Reuters) – Comcast Corp’s <CMCSA.O> NBCUniversal said on Tuesday it had sold more…

Berkshire Hathaway to hold May 2 annual meeting, despite coronavirus, but may curb events

(Reuters) – Berkshire Hathaway Inc <BRKa.N>, the conglomerate run Warren Buffett, said it will hold its…