Economy

Financial Markets Rattled By The Multiple Effects Of COVID-19

5:14am March 13, 2020

NPR's Noel King talks to economist Megan Greene, a senior fellow at Harvard's Kennedy School, about how President Trump's European travel ban will impact financial markets.

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Economy

Former Presidential Economist Examines Coronavirus Disruption

6:15pm March 12, 2020

NPR's Ari Shapiro speaks with Austan Goolsbee, former chair of the Council of Economic Advisers and member of President Obama's cabinet, about the economic disruption of the coronavirus pandemic.

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After weeks of turmoil over the economic toll of the coronavirus, U.S. stock indexes entered a bear market, signaling an end to their 11-year winning streak.

Dow Plunges 2,300 Points: Stocks In Meltdown As Panic Selling Continues

5:41pm March 12, 2020

by Avie Schneider

The Dow Jones Industrial Average fell nearly 10% — its biggest one-day drop since 1987 — as the coronavirus pandemic continued to rattle markets. Trading was temporarily halted earlier in the day.

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A bronze statue of a bull fighting with a bear.

Economy

Stocks Enter Bear Market. What Does It Mean?

5:00pm March 12, 2020

by Avie Schneider

Analysts like to say that the stock market is not the economy. But a bear market reflects concerns and anxieties about the economy, and at times a bear market is accompanied by a recession.

Economy

Stock Market Tumbles, Trading Briefly Halts

11:44am March 12, 2020

Stocks continued their downward slide on Thursday amid growing fears of the coronavirus. Trading was briefly halted after the S&P 500 index fell 7% in the opening minutes of trading.

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Trump Bans Travelers From Some European Countries To The U.S.

11:17am March 12, 2020

by Franco Ordoñez

The 30-day ban is an attempt to stem the spread of coronavirus. The president announced that measure, along with some economic relief efforts, in a primetime address Wednesday night.

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How Russia Is Reacting To The Oil Price War

7:05am March 12, 2020

by Lucian Kim

Russia and Saudi Arabia, the world's two-largest oil exporters, stopped coordinating their crude production last week, sending oil prices tumbling.

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News Brief: Coronavirus Travel Bans, Economic Fallout, NBA Season

7:03am March 12, 2020

Due to the coronavirus, President Trump calls for a ban on travel from Europe and announces measures to shore up the economy. And the NBA says the outbreak has forced it to cancel its season.

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The stock market has continued to be volatile in recent weeks over growing fears that the spread of coronavirus will push the world economy into recession.

Economy

Dow Dives 1,400 Points, Entering Bear Market, As Coronavirus Fears Grow

5:38pm March 11, 2020

by Avie Schneider

Major stock indexes were down around 20% from their peaks in February, signaling an end to the 11-year bull market as investors fear the worst about the coronavirus pandemic.

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Administration, Congress Consider Coronavirus Stimulus As Dow Enters Bear Market

5:18pm March 11, 2020

by Scott Horsley

The Trump administration and Congress look to shore up the U.S. economy in the face of the coronavirus pandemic. But details have been slow to emerge, and nervous investors continue to dump stocks.

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