Stocks across the world tumbled early Monday after a shocking all-out oil price war added to anxiety around the economic fallout from the spreading coronavirus. Futures on the Dow Jones Industrial Average indicated an opening drop of more than 1,300 points. The S&P 500 futures indicated a 5 percent drop at Monday’s open. Oil prices plunged more than 20 percent after OPEC’s failure to strike a deal with its allies.
Mexican boxer Saul ‘Canelo’ Alvarez signed an 11-fight deal for a minimum of $365 million, making him the highest paid athlete in the world. The Mega Millions and Powerball lottery games combined to surpass a billion dollars after months without a winner. The Mega Millions prize is $900 million, the second-largest US lottery prize, while the Powerball is $345 million.