The Toronto Stock Exchange effectively ended its Thursday session more than 40 minutes early after halting trade earlier in the afternoon due to a technical issue, according to TMX Group, owner of the exchange. The TSX Composite Index, the exchange’s benchmark, was down 1.9% before trading was halted around 2 p.m. “The technical halt will remain in effect for the remainder of the day on TSX, TSX Venture and TSX Alpha,” TMX Group wrote. The trading volume on the Toronto Stock Exchange had already

Major League Soccer commissioner Don Garber made it clear: The league’s 25th season is not an anniversary. Two teams are debuting this season: Inter Miami CF, which is owned by international soccer legend David Beckham, and Nashville Soccer Club. The MLS’ package is “upside down compared to all the other leagues,” Garber said. According to Forbes, the value for MLS teams has doubled over the last five years, with clubs going for more than $300 million. “We’re very much behind in our media rights

In 2014, when James was first appointed dean at Emory’s Goizueta Business School, she broke glass ceilings as the first African-American woman to be dean in the school’s history, as well as the first African-American woman to lead a top business school program in the nation. The University of Pennsylvania’s Wharton School has appointed long-time academic leader Erika H. James as its next dean, the college announced on Wednesday . James, who currently serves as dean of the Goizueta Business Schoo

“We’re actually under-indexed to categories like tourism and travel,” Ahuja told CNBC in an interview at Square’s headquarters in San Francisco. Fears around coronavirus and its impact on global growth and corporate profits have roiled U.S. stocks this week. The company forecast first-quarter revenue growth about two to three percentage points lower than previous guidance. PayPal made a similar announcement on Thursday, lowering its outlook for first-quarter revenue growth by one percentage poin

Even when I sold my business for $66 million, I felt like an absolute fraud,” Corcoran said in an Instagram post on Tuesday. After working 22 different jobs, Corcoran began her career in real estate as a receptionist for the Giffuni Brothers’ firm. She worked there until Ray Simone, her boyfriend at the time, loaned her $1,000 to start her own real estate firm. In 2001, Corcoran sold her real estate firm for $66 million, after negotiating up from an initial offer of $22 million, she told CNBC Ma

Alicia Levine, chief strategist at BNY Mellon Investment Management, said on CNBC’s “Squawk on the Street” that it was difficult for investors and analysts to model the damage caused by the global health epidemic. The epidemic is only one part of the uncertainty that is roiling markets, Levine said. “There’s the Democratic race, there’s the course of the virus and what the containment efforts for this does to the economy. Levine said that she expected the effects of the outbreak to be in the rea

A Goldman Sachs sign is seen on at the company’s post on the floor of the New York Stock Exchange. Goldman Sachs is asking attendees for a conference scheduled to be held by the investment bank next week to skip the event if they’ve recently traveled to countries worst hit by the coronavirus. The warning, for Goldman’s eighth annual housing and consumer finance conference held at the bank’s New York headquarters, was just added to the event’s registration website. “In light of the recent outbrea

If there’s any silver lining to the interest accumulating on your student debt, it’s that it can knock down your tax bill. The IRS allows certain borrowers to deduct up to $2,500 in student loan interest each year from their taxable income, and it can come from payments to federal or private student loans, said Mark Kantrowitz, the publisher of SavingForCollege.com. More from Smart Tax Planning:These high-income filers are getting a visit from the IRSBloomberg doesn’t use TurboTax. Here are othe

David Ryder | ReutersThe Centers for Disease Control and Prevention said it revised its guidelines on Thursday to allow clinicians across the U.S. to test more people suspected of carrying the new coronavirus. The new guidelines, which were posted to the CDC’s website Thursday, appear to place more power in the hands of local health practitioners to determine who should get tested. “When a clinician or public health individual suspects coronavirus then we should be able to get a test for coronav

Brendan McDermid | ReutersDow Jones Industrial Average drops 1,190 pointsThe Dow tumbled 1,190.9 points, or 4.42%, to 25,766.64. Rising fears of a rapid coronavirus spread sent the major averages tumbling into correction territory. CorrectionThe Dow, S&P 500 and Nasdaq all closed down more than 10% from their intraday all-time highs set earlier this month, entering correction territory. on Wednesday the first U.S. coronavirus case of unknown origin in Northern California, indicating possible “co

Some of the coronavirus-driven supply chain disruption in China is subsiding, National Retail Federation CEO Matthew Shay told CNBC on Thursday. “So we’ve got the supply, and the disruption in the Chinese supply chain is coming back online.” The degree to which supply chain disruption has minimized varies by company and segment, Shay said. Shay’s remarks follow a warning Wednesday by former Macy’s CEO Terry Lundgren, who said he believed retail supply chains had become too dependent on China. “S

Beyond Meat on Thursday reported quarterly revenue that topped analysts’ expectations but disappointed investors by falling shy of reporting a second profitable quarter. The maker of meat substitutes reported its first quarterly profit in the third quarter. Sales to restaurants and food service outlets made up about 59% of Beyond’s revenue in the quarter. But Beyond’s products don’t always become permanent menu additions. In September, Tim Hortons pulled Beyond’s meatless burgers and sausage fro

Bed Bath & Beyond is cutting about 500 jobs, or 10% of its corporate workforce, as part of a larger restructuring plan in a bid to trim expenses, the retailer announced Thursday. Bed Bath & Beyond said it expects to reduce expenses by roughly $85 million annually, as a result of this plan. Bed Bath & Beyond said it is removing duplicate jobs and cutting certain middle layers of store management. Tritton, who became CEO in November after a successful stint as chief merchandising officer at Target

Mohamed El-Erian, chief economic advisor at Allianz, said Thursday that the Federal Reserve will not be able to stop the financial markets from freezing amid economic fallout from the coronavirus outbreak. “You need a lot of cash and very little debt to navigate what’s ahead, because markets will start freezing up even if the Fed cuts rates, which I think it will,” El-Erian said on CNBC’s “Closing Bell,” advising investors to focus on companies with strong balance sheets. El-Erian said that the

It took the S&P 500 only six sessions to fall into correction territory, the fastest downfall in history. The Dow and the S&P 500 each fell 4.4% on Thursday — the Dow lost a record 1,190.9 points — and each closed well in correction territory based on their recent record close. The major averages are on pace for their worst week since the financial crisis as anxiety over the coronavirus continued to drive investors away from equities. The S&P 500′s swift drop marked the quickest 10% decline from

Marriott International and Booking Holdings are bracing for a pullback as consumers think twice about that spring break getaway. Marriott Chief Financial Officer Leeny Oberg told CNBC on Wednesday that it is seeing a notable drop in demand for hotel rooms in China. The lack of certainty as to how travelers are going to respond to the growing epidemic was also referenced by Booking Holdings CEO Glenn Fogel. Booking Holdings is estimating a 3% to 7% drop in first-quarter revenue due to an increase

Amazon is cracking down on price gouging and products that make false coronavirus claims on its marketplace. Amazon told CNBC it has blocked or removed more than 1 million products that made suspect or misleading claims about the coronavirus. Amazon didn’t give specific figures for how many listings it removed or suspended for price gouging. “There is no place for price gouging on Amazon,” an Amazon spokesperson told CNBC in a statement. Amazon is continuing to monitor the marketplace and remove

The market sell-off will continue into next week, Wall Street bull Jeff Saut predicted Thursday on CNBC. Saut said he believes the market may find its a sustainable, short-term bottom in the first part of next week. All three major U.S. indexes ended Thursday into correction territory, which is defined on Wall Street as down more than 10% from their recent high. Saut said he thought the market was oversold and believed his long-term models would still indicate it remains a secular bull market. ”

The Dow Jones Industrial Average, an index that tracks the stocks of 30 large U.S. companies, experienced a market correction on Thursday. This happens when a major index falls at least 10% from its record high. The other two major market indexes, the S&P 500 and the Nasdaq Composite dropped 4.4% and 4.6%, respectively. That drop means your investments, including your 401(k), likely took a hit — over 66% of millennials have investments of some type. It’s also important to keep in mind that a cor

Wharton School professor Jeremy Siegel told CNBC Thursday that the Federal Reserve should cut interest rates to help calm the markets and economy during the coronavirus outbreak. I disagree with those that say ‘oh, it’s only a supply chain problem,'” Siegel said on “Closing Bell.” “Yes, there is some supply chain problem from China, but it is a fear problem,” Siegel continued. “And people are stopping doing things, stopping traveling, stopping going on, and this can just snowball. And certainly