Wall Street tumbled on Wednesday and the Dow entered a bear market, as the WHO declared the novel coronavirus outbreak a global pandemia and as concerns mounted over the Trump administration’s fiscal stimulus package. Uncertainty on the timing remains unclear, while Sen. Chuck Grassley, head of the Finance Committee, said the tax cut needed to be examined. On Tuesday, Johns Hopkins University confirmed more than 1000 coronavirus cases in the US alone, triggering anxiety. Abroad, the Bank of England cut the monetary policy rate by 50 bps to 0.25%, mimicking the Federal Reserve’s response. Cruises and airlines were dragged by unclear aid stimulus. The Dow Jones plummeted 1465 points or 5.9% to 23553, entering a bear market amidst a 20% drop from last month record close. The S&P 500 plunged 141 points or 4.9% to 2741. The Nasdaq tumbled 392 points or 4.7% to 7952. Both the S&P 500 and the Nasdaq are now 19% below a recent peak reached in February.
Great info from the State of California
Source: California Dept of Public Health
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Source: The Hill
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Stocks of crude oil in the United States increased by 0.414 million barrels in the week ended February 14th 2020, following a 7.459 million gain in the previous week and compared with market expectations of a 2.494 million gain, according to EIA Petroleum Status Report. Meanwhile, gasoline inventories went down by 1.971 million barrels after decreasing by 0.095 million in the previous week and compared with market consensus of a 0.435 million rise.
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The extensions were used to extract private browsing data from users. Exposing banking, shopping and possibly health information. Putting users at risk to ad fraud and other misleading marketing practices.
#euro #ftse #dax #cac
The FTSE 100 fell 43 points, or 0.6% to 7,409 on Friday, the lowest close since February 3rd, dragged by corporate updates and coronovirus fears. Royal Bank of Scotland slumped near 7%, after scaled back the target date for hitting its long-term profit goals and announced it will change its name to NatWest Group. AstraZeneca was also among the worst performers, after reported lower than expected Q4 earnings results and announced sales will be hurt this quarter by the coronavirus outbreak as China is one of its main markets. Considering the full week, the FTSE 100 lost 0.8%. Meanwhile, other main European stock markets finished mixed: the CAC 40 dropped 24 points, or 0.4% to 6,069; the FTSE MIB declined 25 points, or 0.1% to 24,867 while the IBEX 35 rose 47 points, or 0.5% to 9,957 and the DAX 30 ended flat at 13,744. For the week, the DAX 30 gained 1.7%; the FTSE MIB rose 1.6%; the IBEX 35 added 1.4% and the CAC 40 went up 0.8%.
EURUSD decreased to a 33-month low of 1.0877
The euro fell to $1.0936 on Monday, its weakest level since October 2nd, as a poor set of data across Eurozone countries raised concerns about the bloc's economic outlook. Italy's industrial output dropped by the most in nearly two years in December, while German production tumbled by the most in over a decade and French industrial output posted the steepest contraction since January 2018.