Simon Malls closes all Georgia properties until March 29 due to coronavirus

Simon Malls, the largest owner of shopping malls in the United States, will be closing all of its retail properties starting at 7 p.m. Wednesday.

Tesla factory could be shut under California health order

The Tesla factory that employs thousands of people could be forced to close after Alameda County on Tuesday night declared it a “nonessential business” under the county’s shelter-in-place order.

Macy's, Bloomingdales temporarily closing stores nationwide due to COVID-19 concerns

In a statement on Tuesday, Macy’s Inc. announced it will close all of its stores temporarily by the end of the day due to the COVID-19 coronavirus outbreak.

Gold's Gym closing locations in U.S., including Texas

The closures are effective at 8 p.m. local time Monday, March 16 and will affect all company-owned locations in the U.S.

U.S. now in recession expected to last until September, UCLA forecasts

The U.S. economy is in a recession expected to last through September, according to a revised forecast released Monday by UCLA that reflects rapid changes brought on by the coronavirus.

Financial markets in turmoil over fear of coronavirus lockdowns

JPMorgan Chase now is forecasting the U.S. economy will shrink at a 2% annual rate in the current quarter and 3% in the April-June quarter.

Bill Gates steps down from Microsoft, Berkshire Hathaway boards

Gates also stepped down from the board of Warren Buffett’s Berkshire Hathaway Inc, where he has served since 2004.

Stocks recoup most big losses as investors await virus aid

Stocks, Treasury yields and oil are clawing back some of the plunge they took a day before, when the S&P 500 had its worst drop in more than a decade.

Dow drops 7.8% as free-fall in oil, virus fears slam markets

The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets.

Oil plunges 20% as another virus-fueled trading week begins

Brent crude, the international standard, lost $9.50, or 20.1%, to $35.77 per barrel, as of 7:58 p.m. Eastern time on Sunday after earlier touching its lowest price since 2016. Benchmark U.S. crude fell $8.64 to $32.64.

US added robust 273K jobs in February before virus escalated

So far, there are few signs that the job market has been affected by the disease, but most economists expect hiring to slow in the coming months.

Indeed instructs employees to work from home, cites coronavirus outbreak

According to the company, the health and safety of its employees has become a top priority in the midst of the global coronavirus outbreak. The company has offices spread across the globe including seven in North America.