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Saudi Aramco to unveil first annual results since IPO

Saudi Aramco is expected to announce a drop in profits as it unveils Monday its first annual results since its listing, as the energy giant grapples with sinking oil prices. The 2019 financial results follow an initial public offering on the domestic stock exchange in December, which raised...

Dow heads for worst day since 1987 on Europe travel shock

The Dow Jones Industrials index was on course for its worst day since 1987 as President Donald Trump's sweeping move to restrict travel from Europe added to growing signs of corporate distress in the face of the coronavirus pandemic. Airline stocks tanked 14.4 percent, while cruise liners...

Wall Street down more than 5 pct as stakes rise in pandemic

Stocks are tumbling again Wednesday, and indexes lost 5 percent as Wall Street keeps reeling on worries about the coronavirus. The losses deepened after health authorities declared the crisis a pandemic, and the U.S. stock market came to the brink of ending one of its greatest-ever runs....