Tag: Feb182020

With China a vital link in many manufacturing supply chains, the coronavirus’s impact is shaking the global economy. In fact, it is one of the reasons equities have declined three days in a row. Today, Apple, the most valuable company in the U.S., cautioned that it does not expect to meet its quarterly revenue forecast,...

The coronavirus, which has closed factories and businesses across China for weeks, will weaken and already weakening Chinese banks. As much as 6.5 trillion renminbi in loans could go bad if the crisis lasts for months, according to S&P Global Ratings. The default rate could soar from less than 2 percent in December to 6.3,...

China, the world’s second-largest economy, has been paralyzed for more than three weeks. The country has been at a virtual standstill since the New Year holiday ended at the beginning of February. While now getting back to business, much of China’s industry has been shut down, people have steered clear of stores and restaurants, and...

With business investment declining in three out of four quarters in 2019 and industrial production down 0.3 percent in January from the prior month, among the jobs that are growing are in warehousing, trucking, and delivery. Courier and messenger services added 14,300 jobs, expanding for the 11 month in a row. Warehousing and storage added...

With China’s virus outbreak slowing the country’s growth and dampening world trade, investors have been holding tight to U.S.-based assets. The result: the dollar has reached its highest point since October in the Wall Street Journal’s WSJ Dollar Index. The strong dollar makes U.S. goods and commodities denominated in dollars more expensive outside of the...

Almost a third of Americans, including many earning six-figure incomes, run out of money between paychecks “always” or “most of the time,” according to a Salary Finance survey of more than 2,700 adults working at medium-size or large companies. The smaller the paycheck, the more common the problem: 40 percent of people earning under $25,000...

As we go to press, the major averages are down, coming off a record-setting week of setting all-time highs. Worries about the spread of the coronavirus and the warning from tech giant Apple over the virus’s impact on corporate profits and the global economy have pushed equites lower in Asia, Europe, and the U.S. China’s...