Rising prices mean many families are now spending hundreds of pounds on their food shop – but one mum has revealed how she does it for just £30 a week, and sometimes even picks up meals for 10p. Money-saver extraordinaire, Fiona Hawkes, 32, is a blogger who documents everything from how to save for a deposit to how to cut […]
Read moreLONDON (Reuters) – Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a double whammy – a sharp rise in payouts at a time of big investment losses. Because epidemics are excluded from many business insurance policies, the early prognosis was for a low levels of claims. But as recession […]
Read moreTOKYO (Reuters) – Global shares crumbled on Thursday after U.S. President Donald Trump said the United States will suspend all travel from Europe as he unveiled measures to contain the coronavirus epidemic that has extracted a heavy human and economic toll worldwide. U.S. S&P500 futures ESc1 dropped more than 3%, a day after the S&P 500 .SPX lost 4.89%, putting […]
Read moreTOKYO (Reuters) – Global shares were set for a rocky ride on Thursday as investors tally the economic damage of coronavirus, a day after the U.S. Dow Jones industrials entered bear market territory and world health officials declared the virus a pandemic. Markets desperate for government action to offset the impacts of the global outbreak will look to an address […]
Read moreBOSTON (Reuters) – Employees at the largest U.S. oil companies have lost around $5 billion in retirement savings since the end of 2018 because of outsized bets on their own slumping stock, according to a Reuters analysis of company disclosures, a trend exacerbated by the recent crash in oil prices. The losses spread across the 401(k) plans of some 66,000 […]
Read moreDETROIT (Reuters) – Fears of a U.S. sales slowdown in auto showrooms due to the coronavirus outbreak that has spread globally are appearing in analysts’ forecasts, but industry executives said the pandemic has yet to affect demand or factory production. Officials with Detroit automakers General Motors Co (GM.N), Ford Motor Co (F.N) and Fiat Chrysler Automobiles NV (FCHA.MI) (FCAU.N) on […]
Read moreSEATTLE/WASHINGTON (Reuters) – Boeing Co (BA.N) plans to separate 737 MAX wiring bundles, flagged by regulators as potentially dangerous, before the jet returns to service, two people familiar with the matter told Reuters on Wednesday. The changes mark a reversal from the U.S. planemaker’s initial recommendation to the Federal Aviation Administration and pose a fresh hurdle to the jet’s already-delayed […]
Read moreNEW YORK (Reuters) – Wall Street plunged on Wednesday, with the Dow confirming a bear market for the first time since the 2008 financial crisis as the World Health Organization called the coronavirus outbreak a pandemic. The Dow Jones Industrial Average .DJI fell 1,464.63 points, or 5.85%, to 23,553.53, the S&P 500 .SPX lost 140.84 points, or 4.89%, to 2,741.39 […]
Read more(Reuters) – The S&P 500 .SPX on Wednesday fell 20% below its Feb. 19 intraday record high, crossing the threshold into a bear market after the World Health Organization classified the coronavirus outbreak as a pandemic. Earlier in the session the Dow Jones Industrial Average .DJI also dipped 20% below its intraday record high reached on Feb. 12. To confirm […]
Read moreNEW YORK/WASHINGTON (Reuters) – President Donald Trump will meet with Wall Street executives on Wednesday to discuss the financial industry’s response to the coronavirus and the toll it is taking on small businesses, markets and the broader economy, the White House said. The Trump administration in recent days has tapped financial regulators to assess financial resilience and unveiled a fiscal […]
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