BBC Business News

Financial markets drop again on coronavirus fears

In the US, the Dow and S&P fell 3% for a second day, while the UK's FTSE dropped to a 12-month low.

'We cancelled our holiday because of coronavirus'

Peter and Jill Baker have been left out of pocket over their decision to cancel a holiday in Italy.

Disney boss Bob Iger steps down as chief executive

The businessman is considered the most powerful man in Hollywood.

Tesco bakeries overhaul puts 1,800 jobs at risk

The supermarket chain says it will need fewer members of staff as it makes changes to its larger stores.

Reuters UK Business

Wall St slump deepens on U.S. coronavirus warning

Stocks tumbled for a fourth straight session and bond yields set historic lows after the CDC warned the coronavirus is likely to break-out in the U.S. Conway G. Gittens has the full market reaction.

CDC warns U.S. on coronavirus; stock losses deepen

The U.S. Centers for Disease Control and Prevention on Tuesday alerted Americans to prepare for the possible spead of the coronavirus to the U.S., sparking another sharp drop on Wall Street. Conway G. Gittens has more.

Virus spawns deglobalization fears: strategist

Multivariate strategist Max Wolff says stocks still have not factored in deglobalization risk that could be further exacerbated by the coronavirus outbreak.

Breakingviews TV: Payday

Intuit is buying the upstart finance portal Credit Karma for over $7 billion. The owner of TurboTax and QuickBooks is bulking up its consumer business and enhancing its technology chops. But consumers may end up footing part of this bill, says Anna Szymanski.

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