'We're heading for recession': US futures plunge and oil plummets to 17-year low as coronavirus fears outweigh stimulus hopes

Business Insider

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· *US stock futures fell by the maximum allowed and oil slumped to a 17-year low on Wednesday as government measures failed to dispel coronavirus fears.*
· *The sell-off comes after Treasury Secretary Steven Mnuchin warned US unemployment could surge to 20% if the Federal Reserve and Congress don't take sufficient...

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