Stock Market

Saudi Arabia, Russia Raise Stakes in Oil Price War

DUBAI/MOSCOW (Reuters) - Saudi Arabia said on Tuesday it would increase its crude oil supply to a record high, raising the stakes in its price war with Russia and effectively rejecting Moscow’s overtures for new talks.

Dow Has Biggest Daily Jump Since 2009

The Dow Jones Industrial Average surged over 5% on Monday while the S&P 500 and Nasdaq each jumped more than 4% in a major rebound following last week’s steep sell-off sparked by fears about the coronavirus.

Facebook Braces for Stock Wipeout as Lower Margins Loom

(Reuters) - Facebook Inc Chief Executive Officer Mark Zuckerberg’s fortune is set to take a $16 billion hit on Thursday, as the social media giant braces for the biggest one-day wipeout in U.S. stock market history, a day after its executives forecast years of lower profit margins.