 | | | | Walt Disney Co's Robert Iger will step down as chief executive officer, handing the reins to Disney Parks head Bob Chapek, the company said on Tuesday, ending years of speculation on who will take over Hollywood's most powerful studio. | | | | | | Billionaire Richard Branson's space tourism company, Virgin Galactic Holdings Inc , said on Tuesday its fourth-quarter net loss widened to $73 million from a year-ago loss of $46 million as it reported its first results as a publicly traded company. | | | | | | Crude prices fell about 3% on Tuesday, dropping for a third day, as concerns about the spread of the coronavirus grew after the U.S. government warned Americans to prepare for the disease. | | | | | | JPMorgan Chase & Co executives tried to reassure investors on Tuesday that the bank can thrive during times of market and economic stress, due to the sheer size and breadth of its global operations. | | | | | | JPMorgan Chase & Co is putting more cash into overnight lending markets and holding less for a rainy day, after discussing the matter with regulators, the bank's finance chief said on Tuesday. | | | | | | The Dow and S&P 500 tumbled 3% on Tuesday in their fourth straight day of losses as the coronavirus spread further around the world and investors offloaded risky assets as they struggled to gauge the economic impact. | | | | | | Wall Street's main semiconductor benchmark tumbled into correction territory on Tuesday in its deepest four-day rout since the financial crisis, as the coronavirus spread further around the world and deepened fears about the global economy. | | | | | | The National Transportation Safety Board on Tuesday sharply criticized Tesla Inc.'s lack of system safeguards in a fatal 2018 Autopilot crash in California and U.S. regulators' approach in overseeing the driver assistance systems. | | | | | | The Federal Reserve is "closely monitoring" the escalating coronavirus outbreak but it is still too soon to gauge if it would require a change in monetary policy, Fed Vice Chair Richard Clarida said on Tuesday as the central bank continues to patiently monitor the impact of the epidemic on the U.S. economy. | | | | | | Three Democratic U.S. senators on Tuesday introduced sweeping legislation to reform how new airplanes are certified and overseen by U.S. regulators after two fatal Boeing 737 MAX crashes killed 346 people. | | | | | | The impact of the coronavirus on the U.S. economy would likely need to be "material and persistent" for the central bank to change its outlook, U.S. Federal Reserve Vice Chair Richard Clarida indicated on Tuesday. | | | | | |
