Stocks in South Korea led losses among major Asian markets on Monday after the country raised its coronavirus alert to the “highest level” following a rapid spike in cases over the weekend. South Korea’s Korean Air Lines and Asiana Airlines also dropped 6.16% and 6.09%, respectively. Reuters reported Monday that both the South Korean airlines had announced they are suspending flights to Daegu — the country’s fourth-largest city with the largest number of coronavirus cases — for the time being. A

South Korea is on high alert after the number of reported coronavirus infections surged past 760 cases on Monday, and Cit economists warn economic difficulties for the country will be imminent. “Fear of the virus is spreading throughout the country, at a much faster rate than the virus itself,” Marie Kim and Jeeho Yoon from Citi wrote. The total number of cases rose to 763 on Monday morning, compared to 31 cases reported as of Feb. 18, according to the Korea Centers for Disease Control and Preve

The global spread of the new coronavirus has shown little signs of abating, with several analysts warning that the hit to economies worldwide could be more severe than what’s currently expected. “We believe it is too early to call an end to the market turmoil arising from the COVID-19 outbreak,” analysts from BNP Paribas, France’s largest bank, wrote in a Friday report. The new coronavirus, believed to have first emerged from the Chinese city of Wuhan in Hubei province, was recently named COVID-

Here are the most wish-listed homes from the past decade, all of which are still available for rent today. 2019: A modern beach house in Santa Catarina, BrazilWish listed: 275,862 timesA boulder-top beach house in Brazil. Courtesy of AirbnbThis four-bedroom beach house topped last year’s global wish list with a timber and glass design that teeters above the beautiful Brazilian coast. 2018: A centuries-old cave house in Santorini, GreeceWish listed: 254,773 timesA chic cave house in Santorini. Co

North Korea has reportedly quarantined 380 foreigners as part of efforts to prevent the coronavirus outbreak. The majority of those quarantined are thought to be diplomats stationed in the capital city of Pyongyang, Yonhap news agency reported Monday, citing state media in North Korea. The World Health Organization (WHO) has previously said it has had no indication of COVID-19 having spread to North Korea. On Monday, China’s National Health Commission reported an additional 409 cases of the coro

Sony has unveiled its first 5G smartphone in a bid to prop up its struggling smartphone business. With the f flagship handset, Sony has leaned in to its heritage in camera and display technology. The device has a triple lens setup with the ability for users to adjust some of the settings found in professional cameras. The device has a 6.5-inch 4K high dynamic range (HDR) display. These features stem from Sony’s expertise in camera sensors, which it also sells to other smartphone manufacturers, a

Chinese President Xi Jinping, inspects the novel coronavirus prevention and control work in Beijing on Feb. 10, 2020. The Chinese leadership is rallying its people to get back to work even as the country continues to battle with the coronavirus outbreak, amid city-wide lockdowns and quarantines in the worst-hit regions. “This is both a crisis and a big test for us,” President Xi Jinping said at a Sunday meeting in Beijing, state news agency Xinhua reported. He said efforts were being made to cur

European stocks were sharply lower Monday as investors focus on the continuing spread of the coronavirus and watch as Italy grapples with the largest outbreak outside of Asia. The pan-European Stoxx 600 plunged 2.5% in early trade, autos tumbling 4% to lead losses as all sectors slid sharply into the red. Coronavirus concerns continue to dominate headlines and in Europe, and there are widespread concerns over the spread of the virus in northern Italy. A third person infected with the coronavirus

Italian stocks plunged at the start of trade Monday morning, as the euro zone’s third-largest economy grappled with the largest coronavirus outbreak outside of Asia. European markets screeched lower in early deals with the FTSE MIB index opening 987 points down at 23,776, or 3.9% lower. Italian radio reported that there had been a fourth death Monday morning. The regions make up around 30% of Italy’s economic output, while the majority of the quarantined towns are just south of the financial hub

Zhang Peng | ContributorAll eyes are on China’s progress in getting its factories to crank up again, after the country extended this year’s Lunar New Year holiday and shut down major growth regions in a bid to contain the coronavirus outbreak. Many of its provinces started gradually limping back to some form of production last week, about two weeks later than previous years. But here’s how some economists and analysts are tracking the story of China’s progress in returning to work — as the world

Stock futures stateside pointed to sharp declines on Wall Street at the open on Monday as the number of coronavirus cases outside China surged. ET Sunday, Dow Jones Industrial Average futures were 387 points lower, pointing to an implied opening plunge of 380.41 points for the index on Monday. On Sunday, Seoul raised its coronavirus alert to the “highest level,” with the latest spike in numbers bringing the total infected to more than 750 — making South Korea the country with the most cases outs

4:05 pm: North Korea reportedly quarantines 380 foreigners in bid to prevent coronavirus outbreakNorth Korea has reportedly quarantined 380 foreigners as part of efforts to prevent the coronavirus outbreak. The World Health Organization (WHO) has previously said it has had no indication of COVID-19 having spread to North Korea. Out of 398 such cases reported for Sunday, 11 came from provinces other than Hubei, according to China’s National Health Commission. Many of the new cases reported in the

Malaysia’s Prime Minister Mahathir Mohamad has submitted his resignation to the king, according to the prime minister’s office. Mahathir was Malaysia’s prime minister from 1981 to 2003. He became prime minister again after winning the 2018 general elections against the coalition he once led, Barisan Nasional. Since taking power again in 2018, Mahathir has faced pressure from allies of Anwar Ibrahim — who is supposed to succeed Mahathir as prime minister — to step down. The two men patched up and

Below, CNBC Select compares the Home Depot Consumer Credit Card and the Lowe’s Advantage Card, so you can choose the best card for your next home improvement. Home Depot Credit Card vs. Lowe’s Credit Card Home Depot Consumer Credit Card Lowe’s Advantage Card Winner Annual fee $0 $0 Tie Rewards No discount, but rotating limited time offers for a variety of products and services 5% off eligible purchases Lowe’s Welcome bonus Save up to $100 on a qualifying purchase. FeesThe Home Depot card and Low

Investor Paul Meeks is bracing for a bear market in technology. Meeks, who’s known for running the world’s largest tech fund during the dot-com boom, sees 20% pullback risks growing as the coronavirus outbreak spreads. Tech stocks led Friday’s sell-off. If the outbreak isn’t contained soon, Meeks believes the next serious tech sell-off could be longer and deeper than his original prediction almost a year ago. Last April, he warned on “Trading Nation” the tech rally had gone too far, too fast and

Pete Buttigieg’s presidential campaign has asked the Nevada State Democratic Party to hold off on releasing final tallies from Saturday’s caucuses, alleging a slew of errors in the process of reporting the results. In a letter sent to Nevada Democratic Party Chairman William McCurdy II, the campaign requested the party release early vote and in-person vote totals by precinct, correct early vote and second alignment errors, and explain “anomalies” in the data. Nevada State Democratic Party spokes

TurboTax maker Inuit Inc. is close to an agreement to buy personal-finance technology portal Credit Karma Inc. for roughly $7 billion, the Wall Street Journal reported, citing anonymous sources. The deal, which will be in cash and stock, would push Intuit further into the growing online consumer finance sector. Credit Karma, a startup headquartered in San Francisco, was valued at about $4 billion in a private share sale roughly two years ago. The platform offers users free access to credit score

Mohammed Al-Jadaan, Saudi Arabia’s finance minister, at the World Economic Forum in Davos, Switzerland Jason Alden | Bloomberg | Getty ImagesSaudi Arabia is willing to support crisis-stricken Lebanon, but wants to see a realistic reform plan first, its finance minister said during the G-20 Summit in Riyadh on Sunday. “We are talking to the IMF and others — we want to see a reform plan that is viable and doable and then we will take action.” “I would like to see a very clear reform plan that is d

US Treasury Secretary Steven Mnuchin attends a session at the Congres center during the World Economic Forum (WEF) annual meeting in Davos, on January 21, 2020. Bernie Sanders’ “very, very different” economic plan is unlikely to triumph over President Donald Trump’s if he wins the Democratic Party presidential nomination, according to U.S. Treasury Secretary Steven Mnuchin. Sanders emerged victorious in the “first in the west” Democratic caucus in Nevada on Saturday, cementing his position as th

The firm calls them Defined Outcome ETFs that they say help protect investors from market swings to the downside. Innovator offers a Buffer ETF, Power Buffer ETF and Ultra Buffer ETF for every month of the year (they correspond respectively with the three buffer levels). A 9% buffer level yields a higher return than a 30% downside buffer level. Innovator is set to list their March series of buffer ETFs on March 2nd, according to the firm’s product website. Its Defined Outcome ETFs passed the $2