 | | | | A U.S. House investigative report into two fatal Lion Air and Ethiopian Airlines crashes on a Boeing 737 MAX faulted the Federal Aviation Administration's (FAA) approval of the plane and Boeing's "design failures." | | | | | | The Federal Aviation Administration on Friday proposed fining Boeing Co $19.7 million for allegedly installing equipment on hundreds of 737 aircraft containing sensors in heads-up displays that regulators had not approved for use. | | | | | | Yields on U.S. Treasuries plunged to historic lows on Friday as fear the coronavirus outbreak will slam the global economy drove investors to snap up risk-adverse assets and dump equities, overshadowing data highlighting a strong U.S. labor market. | | | | | | The death toll from an outbreak of coronavirus in Italy has risen by 49 to 197, the Civil Protection Agency said on Friday, the largest daily increase in fatalities since the contagion was uncovered two weeks ago. | | | | | | The number of people infected with coronavirus surpassed 100,000 across the world on Friday as the outbreak reached more countries and intensified economic damage, with business districts beginning to empty and stock markets tumbling. | | | | | | Colombia confirmed its first case of coronavirus on Friday, joining other South American countries that have reported cases of the fast-spreading disease. | | | | | | Tesla Inc's Chief Executive Officer Elon Musk tweeted on Friday that the coronavirus "panic" was "dumb". | | | | | | JPMorgan Chase & Co CEO and Chairman Jamie Dimon is recovering from emergency heart surgery done on Thursday morning, with two deputies taking over as he recuperates, the largest U.S. bank said. | | | | | | JPMorgan Chase & Co Chief Executive and Chairman Jamie Dimon told senior colleagues he "feels really good" after undergoing emergency heart surgery, and his doctors are "happy" with his recovery so far, sources familiar with the matter told Reuters on Friday. | | | | | | As the risks of the coronavirus outbreak continue to rise, U.S. officials are wrestling with what to do in the worst-case economic scenarios, if large numbers of people can't go to work, are told to stay home, or stop going out in public entirely. | | | | | | Brent slid to its biggest daily loss in more than 11 years on Friday after Russia balked at OPEC's proposed steep production cuts to stabilize prices hit by economic fallout from the coronavirus, and OPEC responded by removing limits on its own production. | | | | | |
