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Treasury Secretary Steven Mnuchin raised the possibility with Republican senators that U.S. unemployment could rise to 20% without government intervention because of the impact of the coronavirus, according to people familiar with the matter......»»

D.C.’s chief financial officer warned Friday the spread of the coronavirus could have a “considerable” impact on the District’s revenue. The uncertainty created by the spread of the virus has caused disruption in global and U.S. markets, w.....»»

Drugmaker Mylan NV said on Thursday it expects the coronavirus outbreak to impact its financial results and warned of drug shortages in case of continued spread of the virus, sending shares of the company down 3.6%......»»

German luxury carmaker Daimler on Friday warned of risks for the economy and its own business from the outbreak of coronavirus that is spreading in China and around the world......»»

Tech giant Apple said revenue will fall short of previous forecasts in t.....»»

U.S. stock futures slipped from record levels on Tuesday after Apple Inc said it will not meet its revenue guidance for the March quarter as the coronavirus outbreak slowed production and weakened demand in China......»»

Mercedes-Benz has re-started production of luxury passenger cars in Beijing this week, Ola Kaellenius, Chief Executive of parent company Daimler , said on Tuesday......»»

On Friday Burberry became the latest brand to warn of a financial impact from the coronavirus outbreak, but analysts say the whole luxury sector looks vulnerable. Julian Satterthwaite reports......»»

Tokyo-based Sony, which makes PlayStation videogame consoles, Bravia TVs and Spider-Man films, said the impact of the virus was unclear, but production and sales of its image sensor division were at risk......»»

Sony Corp raised its annual profit outlook on strong sales of smartphone image sensors after reporting a smaller-than-expected decline in quarterly profit, but it warned of an impact from the Wuhan coronavirus on its global supply chain......»»

Bank stocks propped up European shares on Wednesday after a flurry of strong results, even as investors weighed the potential economic impact of the fast-spreading coronavirus. David Pollard reports......»»

CNBC's Jim Cramer warns that the bond market could have a negative impact on the banking sector. He gives a list of stocks worth buying off the coronavirus-induced market sell-off......»»

European luxury stocks slumped across the board on Tuesday on fears that the coronavirus virus outbreak in China could hurt sales of high-end brands that had managed to weather months of protests in Hong Kong......»»

Shares in LVMH fell in early trading on Wednesday even as its all-important fashion and leather goods unit did better than expected in the third quarter, with the broader luxury sector also rattled by lingering fears of a Chinese slowdown......»»

Chanel opened its watches and fine jewelry boutique on Fifth Avenue in New York City. The luxury store has gold decor and a signature scent. Chanel opened a watches and fine jewelry store in Manhattan. S.....»»

Luxury beauty and personal care, handcrafted western wear and a sustainably-minded apparel brand are among the upcoming additions to Easton Town Center......»»

Chanel's CEO is pushing the luxury company to make environmen.....»»

The luxury sector has many parts: fashion, jewelry, travel, real estate, and even publishing and night clubs. Young people are making their mark. (L-R), Alex Assouline, Destinee Ross-Sutton, Marina Raphael, Av.....»»

"Guessing at market tops, market bottoms - that is a complete loser's game," Dimon said. "I've never seen anyone win at it." JPMorgan CEO Jamie Dimon. Mark Lennihan/AP Jamie Dimon expects a post-virus economic boom to support stock prices.The .....»»

‘Our poll suggests that parents will need further direction on whether, when and where their child should get tested.’.....»»