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Manage cookies Accept & continue Sign In Subscribe Open drawer menu Open search bar myFT Search the FT Search Close search bar Home fastFT Markets Data Home World Sections World Home Global Economy UK US China Africa Asia Pacific Emerging Markets Europe Americas Middle East and North Africa Most Read Italian lockdown puts 16m people in quarantine UK braced for coronavirus epidemic as cases hit 273 Italy faces its ‘darkest hour’ with coronavirus, says prime minister ‘When we heard about the lockdown we rushed to the station’ UK Budget: five things to watch US Sections US Home US Economy US Politics & Policy US Companies Most Read Oil crash: why Saudi Arabia has started a global crude price war US stocks fall 7.6% in worst day since December 2008 Coronavirus latest: Dollar stores, Clorox make short list of stock winners Aon to buy Willis Towers Watson in $30bn deal Act now to prevent coronavirus economic shock from spreading Companies Sections Companies Home Energy Financials Health Industrials Media Professional Services Retail & Consumer Tech Sector Telecoms Transport Most Read Suntory chief warns of coronavirus hit to alcohol consumption NY judge freezes hedge fund manager Philip Falcone’s assets Bubble bursts for US make-up market What banks are worth in a world of non-stop rate cuts Tesla is ‘better run’ after leadership tumult, says top investor Tech Markets Sections Markets Home fastFT Alphaville Markets Data Capital Markets Commodities Currencies Equities Fund Management Trading Moral Money Most Read Oil price crash sends global stocks tumbling Oil crash: why Saudi Arabia has started a global crude price war Oil price crashes 30% as markets open US stocks fall 7.6% in worst day since December 2008 Coronavirus latest: Dollar stores, Clorox make short list of stock winners Graphics Opinion Sections Opinion Home Columnists The FT View The Big Read Instant Insight Lex Alphaville Obituaries Letters Most Read How this market crash is different from 2008, and the same Act now to prevent coronavirus economic shock from spreading US economy is dangerously dependent on Wall Street whims Music stops for stock markets’ great bull run The eurozone is too complacent about the coronavirus threat Work & Careers Sections Work & Careers Home Business School Rankings Business Education Entrepreneurship Recruitment Business Books Business Travel Most Read Coronavirus crisis shows office workers what we’re missing Twitter boss shows the limits of ‘management by absence’ Index Ventures’ Jan Hammer: bringing perspective to single-minded tech founders From Jack Welch to Jack Dorsey: a tale of changing capitalism Why is a simple coffee maker such a hit in Silicon Valley? 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Choose your FT trial Coronavirus Italy extends coronavirus quarantine to entire country Population of 60m instructed to stay at home except for urgent health or work reasons 2 hours ago Markets Briefing US stocks fall 7.6% in worst day since December 2008 2 hours ago Coronavirus Coronavirus latest: Dollar stores, Clorox make shortlist of stock winners Live Banks Bank investors confront a new fear: oil company defaults 1 hour ago Mohamed El-Erian How this market crash is different from 2008, and the same Donald Trump Trump floats tax cuts as response to coronavirus impact US president to talk to Congressional leaders on Tuesday about ‘very dramatic’ economic measures updated Energy sector Investors query Blackstone’s Saudi-led oil pipeline deal Doubts over takeover of US-listed Tallgrass Energy as shares drop below offer price 3 hours ago Coronavirus Companies move to cover costs of coronavirus Executives under scrutiny for how they treat customers and employees during outbreak Aon PLC Aon to buy Willis Towers Watson in $30bn deal Tie-up will combine world’s second and third-largest insurance brokers Analysis Shale Oil & Gas Energy groups feel the pain of Saudi Arabia’s price war Market Forces Shockwaves topple asset price dominoes Premium Mike Mackenzie’s daily analysis of what’s moving global markets Analysis US presidential election Biden’s surge poses threat to Sanders’ primary hopes Former vice-president appears to be consolidating moderates, according to FT analysis EU immigration EU leaders pledge to work with Turkey on migration European bloc seeks to reset relations after tensions at Greek border 3 hours ago Facebook Inc Women represent 40% of Facebook board after two new additions Social media site had previously been criticised for lack of diversity 3 hours ago Yes Bank Ltd Indian prosecutors accuse Yes Bank co-founder of taking kickbacks Rana Kapoor accused of taking a $84n payment tied to investment in another Indian lender Twitter Inc Twitter and Elliott strike deal that keeps Jack Dorsey at helm Agreement includes $2bn share buyback programme and board shake-up Hedge funds NY judge freezes hedge fund manager Falcone’s assets Decision follows failure to pay millions in legal fees in fight with regulators Coronavirus Coronavirus Call for Chinese to thank Xi for virus effort backfires Plan to ‘educate’ Wuhan residents on how to show gratitude sparks criticism Israel Israel forces travellers to self-isolate for two weeks Netanyahu acts over coronavirus as El Al urges Israelis to return home before flights are cancelled Coronavirus Spain closes schools in Madrid and hard-hit regions Shift in stance after earlier reluctance to impose measures to stem coronavirus 2 hours ago Coronavirus US bank regulators urge relief for borrowers over coronavirus Repo market Fed pumps extra liquidity into overnight lending markets Personal Finance Frequent flyers fear loss of airline loyalty points US News Explainer Charts that Matter As the S&P 500 wobbles, so do Trump’s ratings The president’s performance in the eyes of the US public has been partly driven by stocks Petroleos Mexicanos Battle over oil discovery is test case for Mexico investors Foreign energy companies accuse Pemex of trying to seize control of lucrative Zama field Analysis Beauty Bubble bursts for US make-up market Sales down as ‘cake face’ falls out of fashion and product fatigue sets in Coronavirus White House eyes ‘micro approach’ to stimulus Trump adviser rules out large-scale economic response to virus-related shocks Most Read Oil price crash sends global stocks tumbling US stocks fall 7.6% in worst day since December 2008 2 hours ago Why Saudi Arabia has started an oil price war Oil price crashes 30% as markets open How this market crash is different from 2008, and the same Opinion Gideon Rachman A Biden presidency could not turn back the clock on Trump It is an illusion to see victory for the former US vice-president as a geopolitical calendar reset Ray Dalio Act now to prevent coronavirus shock from spreading Lex Oil US oil/junk bonds: busts to show folly of las...