Shareholders of HSBS mull over conducting an extraordinary meeting with management and possible legal action against the bank's scrapping of dividend payments
Global corporate revenue are expected to take $12 trillion hit; Goldman Sachs warns that global real GDP will shrink by about 1 percent in 2020 from the coronavirus impact.
Before the dotcom bust the US market cap was 146 percent of the of GDP, while it was 137 percent before the 2008 Financial Crisis. On March 4, 2020, it was 146 percent.
Brent crude futures fell by $14.25 on Monday to $31.02 a barrel, while US West Texas Intermediate (WTI) plunged $11.28 after the Saudi move to to $30 a barrel.
Berkshire Hathaway sold off 3.7 million shares during the between between October and December 2019 at a time when Apple's share price was rising at 30% from $219 to $294
As the coronavirus takes a toll on the market, investors clutched at hopes that China could contain the virus, even as headlines spoke of more cases and mounting deaths
Amid the trade tensions, the US economy once again saw a business investment slump where the economy missed the 3% growth target for a second straight year