With the U.S. coronavirus death toll topping 50,000, Georgia, Oklahoma and a handful of other states took the first tentative steps at reopening for business on Friday, despite the disapproval of President Donald Trump and health experts.
Global equity benchmarks struggled on Friday as some U.S. states began reopening businesses despite the disapproval of health experts, and as the European Union put off addressing details of its new economic rescue plan.
A historic plunge in oil prices in the wake of the COVID-19 pandemic has highlighted the risks of oil-focused exchange-traded products (ETPs).
Some 12 workers at a Brazilian chicken plant operated by JBS SA have contracted COVID-19, a source close to the company told Reuters on Friday on condition of anonymity.
Facebook announced on Friday that it will introduce a free video chatting service amid the coronavirus pandemic. Yahoo Finance’s Dan Howley and Seana Smith break down the details. …read more […]
Oil prices rose on Friday but still posted a weekly loss, the eighth in nine weeks, as global production cuts could not keep pace with the collapse in demand caused by the coronavirus pandemic.
The U.S. Centers for Disease Control and Prevention (CDC) on Friday reported 865,585 cases of the novel coronavirus, an increase of 37,144 from its previous count, and said the number of deaths had risen by 2,437 to 48,816.
President Donald Trump on Friday threatened to block federal aid for the U.S. Postal Service unless it raises shipping rates for online companies like Amazon.com, prompting criticism that the move would hurt consumers relying more than usual on packages during the coronavirus outbreak. The president has long accused the post office of charging too little for packages, saying that deliveries for Amazon and others cost the service money. Amazon founder and CEO Jeff Bezos owns the Washington Post newspaper, which Trump has accused of unfair coverage of his administration. …read more […]
With the U.S. quarterly earnings season picking up steam this week, investors have caught a glimpse of how companies are weathering the coronavirus outbreak, including the strength of their balance sheets.
German airline Lufthansa is seeking a loan of 290 million euros ($313.08 million) loan from the Belgian government to avoid the bankruptcy of its Belgian subsidiary Brussels Airlines, Belgian broadcaster LN24 said on Friday.
Facebook Inc introduced a videoconferencing tool and expanded livestreaming features on Friday, capitalizing on a surge in demand for video chats during the coronavirus pandemic while taking its first steps toward a planned integration of messaging products across its apps.
The New York Stock Exchange plans to reopen its iconic trading floor, which is shuttered due to coronavirus concerns, as soon as possible, but it has not yet set a date to do so, the NYSE and people familiar with the matter said on Friday.
New York Governor Andrew Cuomo on Friday pointed to research showing that strains of the novel coronavirus entered his state from Europe, not China, and said that travel bans enacted by U.S. President Donald Trump were too late to halt its spread.
Wall Street rose on Friday, led higher by Apple and Microsoft as investors finished a turbulent week of trading and some states prepared to relax coronavirus-related lockdowns.
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