Top News & Analysis Tennessee

  • The Fed offered $1.5 trillion in three tranches of $500 billion repurchase agreement loans on Thursday and Friday and said it would start purchasing a broader range of U.S. The markets have been on the precipice of freezing, "said Robert Tipp, Chief Investment Strategist and Head of Global Bonds at PGIM Fixed Income in Newark. Banks borrowed only $119.5 billion...

  • *Oil falls more than 30% as Saudi Arabia cuts prices. By Herbert Lash and Karin Strohecker. NEW YORK/ LONDON, March 9- Global stock markets plunged on Monday and crude oil prices tumbled by as much as a third after Saudi Arabia launched a price war with Russia, sending investors already spooked by the coronavirus outbreak fleeing for the safety of bonds and the...

  • March 9- U.S. equities plunged on Monday as trading resumed following a slump in oil prices. Trading on U.S. stock exchanges was halted immediately after opening as the S&P 500 fell 7%, triggering an automatic 15 minute cutout put in place after the 2008-9 financial crisis. MIKE LOEWENGART, MANAGING DIRECTOR, INVESTMENT STRATEGY, E* TRADE FINANCIAL CORPORATION, IN...

  • March 9- U.S. equities plunged on Monday as trading resumed following a slump in oil prices. Trading on U.S. stock exchanges was halted immediately after opening as the S&P 500 fell 7%, triggering an automatic 15 minute cutout put in place after the 2008-9 financial crisis. DENNIS DICK, HEAD OF MARKETS STRUCTURE, PROPRIETARY TRADER AT BRIGHT TRADING LLC IN LAS VEGAS.

  • Damage to the Basement East music venue near the Five Points area is seen on Thursday March 05, 2020 in Nashville, Tennessee. Tornados hit the area early Tuesday morning.

    After devastating tornadoes struck Nashville, Tennessee, the growing business hub has seen tech giants Amazon and Google, as well as local and regional entrepreneurs, join relief efforts.

  • WASHINGTON, March 6- The United States is considering ways to discourage U.S. travelers from taking cruises as part of a broader Trump administration effort to limit the spread of coronavirus, according to four officials familiar with the situation. Carnival Corp and Royal Caribbean shares dropped nearly 2% and Norwegian Cruise Lines stock was down nearly 1%.

  • *More than 2,000 stranded on liner off San Francisco. In London, Europe's financial capital, the Canary Wharf district was unusually quiet. The outbreak, which has killed more than 3,300 people globally, has radiated across the United States, surfacing in at least four new states plus San Francisco.

  • *More than 2,000 stranded on liner off San Francisco. In London, Europe's financial capital, the Canary Wharf district was unusually quiet. In New York, meanwhile, JPMorgan divided its team between central locations and a secondary site in New Jersey while Goldman Sachs sent some traders to nearby secondary offices in Greenwich, Connecticut and Jersey City.

  • NEW YORK/ WASHINGTON, March 5- The number of people who have the novel coronavirus in New York state doubled to 22 on Thursday following an increase in testing, as Tennessee and the city of San Francisco reported cases of the fast-spreading illness for the first time. The U.S. Senate on Thursday passed an $8.3 billion bill to combat the outbreak 96-1, a day after the...

  • NEW YORK/ WASHINGTON, March 5- The number of people who have the novel coronavirus in New York state doubled to 22 on Thursday following an increase in testing, as Tennessee became the 14th U.S. state to report a case of the fast-spreading illness. The U.S. Senate on Thursday passed an $8.3 billion bill to combat the outbreak, a day after the House of Representatives...

  • The new bills, backed by business and utility interests, come as a growing number of cities in California and the Northeast vote to electrify their building sectors to avoid gas, a fossil fuel that contributes to global warming but which the drilling industry says is cleaner than alternatives like coal. The recent bills prohibiting such bans on gas use by...

  • ACROSS THE SOUTH, BIDEN IS WINNING LARGE MAJORITIES OF AFRICAN AMERICAN VOTERS, INCLUDING 72% IN ALABAMA, 71% IN VIRGINIA, 63% NORTH CAROLIN AND 62% IN TENNESSEE- EDISON RESEARCH POLL.

  • People vote in the Super Tuesday primary at Frizzell Parrish Hall on March 3, 2020 in Annandale, Virginia.

    Fourteen states led by California and Texas hold 2020 primaries on Super Tuesday, as Bernie Sanders and Joe Biden jockey for position.

  • As of Monday, only five U.S. states- California, Illinois, Nebraska, Nevada and Tennessee- have the capability to test for the virus, according to the Association of Public Health Laboratories. The request follows continued delays in getting access to a test developed by the U.S. Centers for Disease Control and Prevention, which was granted an Emergency Use...

  • AZAZ, Syria, Feb 19- Last month Hussam Shamo, a baker in northern Syria, stopped selling his bread in Syrian pounds after the latest slump in the currency forced him to push up prices yet again. Taking his lead from the local council in his town of Azaz, which proposed ditching the Syrian currency when it slumped to one-twentieth of its pre-war value, Shamo started...

  • SEOUL, Feb 16- A U.S. trade panel preliminarily ruled in favor of South Korean electric vehicle battery maker LG Chem which had accused crosstown rival SK Innovation of misappropriating trade secrets, the companies said on Sunday. The so-called default judgment by the U.S. International Trade Commission could potentially mean SK Innovation, as sought by LG...

  • Feb 10- With the coronavirus outbreak that originated in Hubei province, China, showing no signs of abating any time soon, some companies that buy and sell goods in the Chinese market are taking interest in the legal defense of "force majeure." The death toll in China from the epidemic continues to climb and now stands above 1,000, more than the SARS epidemic two...

  • Tennessee Gov. Bill Lee speaks during a Gospel Music Association ceremony in Nashville. He plans to sign an adoption bill that the LGBTQ community and many businesses say is discriminatory.

    More than 100 companies, including Amazon, American Airlines, Salesforce, Mars and Nike, signed a letter saying anti-LGBT legislation in Tennessee is placing "economic success at risk."

  • Jan 31- Amazon.com Inc's rapid expansion of one-day shipping delivered a strong holiday quarter and showed the rising ambition of the company, which in six years has created a network that handles nearly as many packages as FedEx Corp.. "There's definitely a room for a third" major shipper, said Cathy Morrow Roberson, founder of Logistics Trends& Insights, who...

  • Within weeks, the virus has infected nearly 8,000 people in China and killed 170. Statistics from China indicate that just over 2% of people known to be infected with the virus have died, suggesting that it may be less deadly than the coronaviruses behind Severe Acute Respiratory Syndrome and Middle East Respiratory Syndrome. William Schaffner, professor of...