Coronavirus raise spectre of depression for US economy as business activity halts

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Coronavirus raise spectre of depression for US economy as business activity halts

NEW YORK (BLOOMBERG) – The US is entering a recession. The ultimate fear is that could turn into a protracted malaise that has some flavour of a depression. That’s far from the base case, with many analysts and investors taking heart from signs of revival …
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Russia can cope with oil price drop if no OPEC cut agreed -Finance Minister

MOSCOW (Reuters) – Russia is fiscally prepared to cope with a drop in oil prices, Finance Minister Anton Siluanov said on Thursday, as OPEC tries to convince Moscow to support the market with a deeper output cut in the wake of the coronavirus outbreak.
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South Korea passes one of the world's first comprehensive cryptocurrency laws

The South Korean National Assembly passed new legislation today that will provide a framework for the regulation and legalization of cryptocurrencies and crypto exchanges. In a unanimous vote during a special session of the legislature convened amidst …
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Dollar Tree Plans Renovations Amid Strong Q4 Results

Dollar Tree’s fourth-quarter earnings were better than expected, as the company continues its upgrades to the Family Dollar portfolio and launches new initiatives, per reports. The discount retailer said it plans to renovate around 1,250 stores to the “H2” format …
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Is iShares Nasdaq Biotechnology Index Fund a Buy?

Exchange-traded funds, or ETFs, are one of the fastest-growing investment vehicles in the country. ETF assets have grown at an annualized rate of 25% over the past 10 years to over $4.3 trillion in total assets, according to Bank of America (NYSE:BAC) …
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