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The new, fast-spreading B.1.1.529 strain of coronavirus declared a variant of concern by the World Health Organization roiled global markets on Black Friday, raising concerns about how the economy and Wall Street may perform in the coming week, following a selloff that wiped out November gains for the S&P 500 index and the Nasdaq Composite and sent the Dow Jones Industrial Average down by the most in a day since Oct. 28, 2020.What isn't clear is whether the latest coronavirus development will do

Dow notches worst day for blue chips since Oct. 28, 2020, FactSet data show U.S. stock benchmarks su

Wall Street’s average price target for Alibaba Group Holding is set to fall for a record 18th straight week after a cohort of firms lowered their expectations for the shares. At least four research analysts this week slashed price forecasts on the American Depositary Receipts of the China-based tech giant. Susquehanna International Group’s analyst Shyam Patil was the latest, cutting the number by more than a third to $200 from $310, citing “near-term headwinds”.Alibaba analysts have been steadil

BERLIN, Nov 24 (Reuters) - The German labour union Verdi on Wednesday called on employees to strike

- Wall Street benchmarks ended Wednesday lower on inflation fears and supply chain concerns stemming from retailers' earnings, with investors betting the Federal Reserve will raise interest rates sooner than expected to tame rising prices.$Target Corp$ was the latest big-name retailer to report positive results, upping its annual forecasts and beating profit expectations, citing an early start to holiday shopping.But shares of the firm fell 4.7%, tracking declines in those of peer $Walmart$ on

U.S. prices rose 6.2% over the last year, the largest annual increase since 1990, the Bureau of Labo