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Earnings an afterthought in panic-stricken market

Bloomberg Investors who assumed the quarterly deluge of corporate results would determine the direction of stocks in late January have obviously found themselves with much bigger concerns to cope with. Earnings season is fast being forgotten in a market where cascading fear about the human toll of coronavirus has come to dominate sentiment. The S&P 500 just dropped the most ...

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Pound ended tough month on bright note

Bloomberg The pound ended a tumultuous month on a high note on the Brexit day. Sterling was on course for its biggest weekly gain since mid-December, a day after the Bank of England (BOE) kept interest rates unchanged, supporting the currency. Analysts expect it to climb more than 1% to $1.33 by the end of June, according to a Bloomberg ...

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Uber suspends 240 Mexican accounts to prevent virus spread

Bloomberg Uber Technologies Inc has suspended 240 user accounts in Mexico to contain the potential spread of coronavirus. The users suspended had ridden with two drivers who came into contact with a possible coronavirus case, according to a statement posted to the company’s Mexican Twitter account. To date, there have been no confirmed cases of the virus in the country. ...

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