Market

The Logo of social media app TikTok (also known as Douyin) is displayed on a smartphone on December 14, 2018 in Berlin, Germany.Thomas Trutschel | Photothek | Getty ImagesTikTok will exit the Hong Kong market within days, a spokesman told Reuters late on Monday, as other technology companies including Facebook have suspended processing government requests for…

Right NowThe I.M.F. said the global economy would shrink 4.9 percent in 2020 and recover more slowly than expected, even as pandemic restrictions ease.I.M.F. predicts deeper global downturn even as economies reopen.ImageThe International Monetary Fund in Washington.Credit...Olivier Douliery/Agence France-Presse — Getty ImagesThe International Monetary Fund said Wednesday that the global economy faces an even deeper…

Right NowThe S&P 500 fell more than 2 percent, and was on track for its sharpest daily decline in more than a month.U.S. stocks tumble amid a spate of glum forecasts.Stocks plunged on Thursday, a third-straight day of declines on Wall Street, as investors considered a space of grim forecasts about the economy and an…

The decline in the U.S. stock market on Friday was broad, but modest as tensions between the U.S. and China, as well as an upcoming press conference hosted by President Trump, dampened an otherwise strong week. The Dow and S&P 500 are on track to finish the week up 3.2% and 2%, respectively.This is a…

GENEVA (Reuters) - A wholesale market in the central Chinese city of Wuhan played a role in the outbreak of the novel coronavirus last year, as the source or possibly as an “amplifying setting”, the World Health Organization said on Friday, calling for more research. Chinese authorities shut down the market in January as part…