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Bad timing: New virus poses threat to fragile world economy

AP - 01:08PM CST

This should be peak season for a 12-room hotel near the train station in the Chinese industrial hub of Wuhan. The Chinese New Year usually brings in plenty of travelers and delivers profits of around $3,000 a month.

But the place is empty. Wuhan, the center of a deadly viral outbreak, is on lockdown. “There is not a single customer,’’ said the hotel’s owner, who gave only his surname, Cui. He still has to pay rent and his utility bills. Instead of counting his earnings, he’s expecting to lose $1,500 a mo... (full story)

 

Stocks move higher on Wall Street a day after a big

AP - 12:45PM CST
Stocks moved broadly higher on Wall Street in afternoon trading Tuesday, reversing most of the indexes' losses from a sell-off the day before. (full story)
PFE: 38.18 (-1.98), HOG: 33.85 (-0.99)

In grinding manufacturing slump, 3M cuts another 1,500

AP - 12:35PM CST
A profound slump in manufacturing and a trade war that has slowed economic growth in China has led to a second round of layoffs at 3M, the Minnesota company that, in addition to Post-it notes, makes industrial coatings and ceramic... (full story)
MMM: 166.72 (-8.91)

US home price gains accelerate amid smaller supply of

AP - 09:38AM CST
WASHINGTON (AP) — U.S. home prices rose at a faster pace in November than the previous month as lower mortgage rates and a sharp drop in available properties have pushed would-be buyers to bid up home values. (full story)
 

US consumer confidence shows solid gain in January

AP - 09:35AM CST
WASHINGTON (AP) — U.S. consumer confidence showed a strong gain in January, bolstered by continued strength in the job market. (full story)
 

Orders for US durable goods advance 2.4% in December

AP - 08:19AM CST
WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods rose in December as a big jump in demand for military aircraft offset a sharp decline in commercial aircraft that reflected Boeing’s continue... (full story)
 

Latest Headlines

ADDING and REPLACING Advisory for Thursday, Feb. 27: Edison... BusinessWire via COMTEX - 01:09PM CST

Bad timing: New virus poses threat to fragile world economy AP - 01:08PM CST

Budget deficit to break $1 trillion despite strong economy AP - 01:06PM CST

Findit Features Member Hip Hop Bling and Their Collection of... ACCESSWIRE via COMTEX - 01:05PM CST

A Must Hear Coronavirus Perspective IF - 01:03PM CST

INVESTIGATION ALERT: The Schall Law Firm Announces it is Inv... BusinessWire via COMTEX - 01:03PM CST

U.S. Rep. French Hill Joins Banks in Presenting $475K Afford... BusinessWire via COMTEX - 01:01PM CST

Global Generative Design Market is Expected to Reach USD 397... GlobeNewswire via COMTEX - 01:00PM CST

Las Vegas Sands Announces first Sands Cares Accelerator Grad... PR Newswire via COMTEX - 01:00PM CST

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Market Commentary

Morning Call: U.S. stocks rally on optimism a trade resoluti...
BC Mon Dec 31, 06:37AM CST
Overnight Markets and News Mar E-mini S&Ps (ESH19 +0.95%) are up +0.86% and European stocks are up +0.41% on optimism a resolution to the U.S.-China trade rift may be near after President Trump said he spoke on the phone Saturday... (full story)
 
A Must Hear Coronavirus Perspective
IF Tue Jan 28, 01:03PM CST
Here is a view on the Coronavirus that can put things into perspective for you. (full story)
 
GBPUSD Sees Price Weakness Towards 1.2953 Zone
IF Tue Jan 28, 12:49PM CST
GBPUSD faces further downside pressure as it trades towards the 1.2953 level. Support stands at 1.2950 area (full story)