Global Markets in Turmoil as Oil Plunges

U.S. shares opened sharply lower in the face of a price war for oil and the economic fallout from the coronavirus outbreak, with frightened investors seeking shelter in the safety of government bonds and propelling yields to unprecedented lows. 256

Wells Fargo Chairman Resigns

Wells Fargo Chairman Elizabeth Duke and board member James Quigley have resigned from the board. They were among the executives scheduled to appear before the House Financial Services Committee this week.

Aon to Merge With Willis Towers Watson in Deal Valued at $30 Billion

Insurance brokerage Aon has agreed to merge with rival Willis Towers Watson in an all-stock transaction with a value of roughly $30 billion, a year after discussions of a planned takeover fell through.

Breaking

Twitter, Elliott Strike Truce That Leaves CEO Dorsey in Place

Twitter and activist hedge fund Elliott Management agreed to a truce that will shake up the social media company’s board but leave its CEO Jack Dorsey in place.

Heard on the Street

The Art of the Unreasonable Trade Deal

Chinese private-sector firms, out of trillions of yuan thanks to the coronavirus, are in no position to massively ramp up imports.

20 Years Later: Lessons From the Dot-Com Bust

Two decades ago, the Nasdaq Composite hit a then-record above 5000, the internet-stock peak. Are investors any smarter now? 2

Muddy Technical Signals Add to Stock Market’s Volatile Stretch

Stocks are bouncing around a closely watched trend line, one of many conflicting signals vexing investors trying to gauge where major indexes might go next after several days of unruly trading. 5

Europe Braces for Economic Impact of Italy’s Lockdown

Italy’s quarantine and the prospect of other European countries following Rome’s move will challenge politicians and policy makers like no postwar financial shock. 3

S&P 500 Stocks