Gold was one of the few investments heading higher Monday as worries about the coronavirus outbreak led to a steep market slide. Gold is now up more than 20% in the past year, and trading near $1,600 an ounce, its highest level since 2013. Other precious metals, such as silver and platinum, have rallied too.…… MORE
Kraft Heinz is pausing promotion for its Super Bowl ad that shows the death of longtime Planters mascot Mr. Peanut following the helicopter crash that killed Kobe Bryant and eight others. Planters’ last week released a commercial in which the 104-year old mascot falls to his death after the company’s Nutmobile veers off a cliff.…… MORE
Stocks are falling on the spread of coronavirus, but the companies that make your cleaning products are rallying. Shares of Clorox, Procter & Gamble, Colgate Palmolive and Kimberly-Clark are all up Monday. An outbreak can be good for disinfectant sales: In 2009, when consumers were worried about the spread of swine flu, hand sanitizer sales…… MORE
Bar Louie, a restaurant chain known for its cocktails and burgers, has filed for bankruptcy and closed dozens of locations. The company announced Monday that it filed for Chapter 11. It came to an agreement with its lenders to purchase the chain through a bankruptcy sale. Bar Louie said that restaurants will operate in the…… MORE
The Dow tumbled Monday morning, as US stock nosedived on the continuing global spread of coronavirus. The S&P 500 fell 1.3%, while the Nasdaq Composite was down 1.7%. The Dow, which was down as much as 549 points right after the opening bell rang, was most recently down 350 points, or 1.2%. European exchanges are…… MORE
China’s coronavirus outbreak has rattled oil markets, sending prices sharply lower as investors worry that efforts to prevent it spreading will harm the country’s economy and reduce demand for crude. Brent crude futures traded around 3% lower on Monday at $58.88 a barrel, their lowest level since October. US crude futures were down roughly 3%.…… MORE
A growing number of American economists are bullish about growth in the coming year. The National Association for Business Economics said in a survey released Monday that 67% of respondents expect America’s gross domestic product — the most complete measure of the nation’s economy — to grow by 1.1% to 2% this year. A growing…… MORE
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Concerns about the spreading Wuhan coronavirus will be front of mind this week, with the death toll continuing to rise and the number of confirmed cases soaring. But the downside for US…… MORE
Major shops, restaurants and tourist destinations are shuttering their doors across China, as global businesses begin to feel the effects of the deadly Wuhan virus outbreak. Chinese officials on Monday announced that the death toll from the coronavirus has risen to 80, with nearly 2,800 cases confirmed in mainland China and several dozen more in…… MORE
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. John Bolton’s memoir about his time working for President Trump now has a title and a release date. “The Room Where It Happened” is slated to come out on March 17, according to a page…… MORE
