 | | | | Oil prices fell below $30 a barrel on Monday after the worldwide coronavirus outbreak worsened over the weekend, exacerbating fears that government lockdowns to contain the spread of the disease would spark a global recession. | | | | | | U.S. gasoline refining margins fell a whopping 95% on Monday - even briefly turning negative - with the cost of gasoline plunging faster than crude oil in anticipation that coronavirus will keep people off the road and in their homes. | | | | | | U.S. railroad Amtrak said the passenger rail service and its state partners need $1 billion in government assistance after a dramatic decline in travel because of the coronavirus pandemic. | | | | | | Amazon.com Inc said on Monday it would hire 100,000 warehouse and delivery workers in the United States to tackle a surge in online orders, as consumers shop heavily fearing the spread of the coronavirus outbreak. | | | | | | Wall Street suffered its biggest drop since the coronavirus crisis began, with the S&P 500 closing at the lowest level since December 2018 as investors fear the coronavirus pandemic is proving a tougher opponent than central banks, lawmakers or the White House are capable of battling. | | | | | | Hedge fund behemoth Bridgewater has shown its hand in Europe with roughly $15 billion in bets against companies on the continent and in Great Britain, filings reviewed by Reuters show. | | | | | | With state and local governments across the United States taking steps to contain the coronavirus spread, including requiring the closing of schools, restaurants and other meeting places, questions have begun to swirl on whether stock markets will shutter. | | | | | | Goldman Sachs Group Inc told customers of its online bank, Marcus, and its Apple credit card on Monday that they can take an extra month to make payments, with no penalty or additional interest, if they are financially stretched due to the coronavirus. | | | | | | Major U.S. airlines sought a government bailout of more than $50 billion as the White House is urgently drafting a financial assistance package in the wake of the steep falloff in U.S. travel demand sparked by the coronavirus pandemic. | | | | | | Boeing and Airbus face a drop in planned deliveries as airlines struggle to survive the coronavirus crisis, sending shares in planemakers plunging on Monday. | | | | | | Markets reeled on Monday, with stocks on Wall Street and the price of Brent crude tumbling more than 10%, as the Federal Reserve's second emergency rate cut in as many weeks failed to calm fears of a coronavirus-induced recession. | | | | | |
