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United States stocks sold off sharply on Thursday. As large swings in the market continued due to uncertainty over the spread of the coronavirus and its economic fallout, shares of banks and travel companies lost value.
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Alphabet Inc's Google on Thursday joined Amazon.com Inc, Facebook Inc and Microsoft Corp in recommending employees in the Seattle area work from home, after many were infected with the coronavirus in the region.
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Wall Street surged on Monday as investors hunted for bargains following reassurances by central banks that they stood ready to counter the economic impact from the coronavirus following last week's steep sell-off.
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French automaker Citroën has unveiled the Ami, a tiny electric car that's designed from the outset to be as cheap as possible. The car isn't very fast and it looks a bit like a washing machine, but it only costs €6,000, or the equivalent of about $6,600.
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It is an odd moment for gold to be tumbling. One of the oldest and most-trusted safe havens in times of crises, gold typically rallies amid nasty stock sell-offs like the one that has gripped the world this week.
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Foreign investors are cutting their exposure to Asian markets at the fastest rate in years, as the coronavirus outbreak continues to spread globally.
More Articles …
- Chinese bank loans cripple Latin America and Africa, says NGO
- Microsoft, Marriott hit by virus as airlines cull more flights
- Ramaphosa proposes deep wage cuts. Cue showdown with unions
- Asian shares tumble on fresh global coronavirus fears
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