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Friday, April 3, 2020
Oil prices march higher as OPEC calls for emergency meeting on Monday

Oil prices march higher as OPEC calls for emergency meeting on Monday

Oil prices march higher as OPEC calls for emergency meeting on Monday - CNN
10 million unemployed in the US | Coronavirus business update

10 million unemployed in the US | Coronavirus business update

10 million unemployed in the US | Coronavirus business update - DW News
The Coronavirus Is Spreading, but German Factories Keep Running

The Coronavirus Is Spreading, but German Factories Keep Running

FRANKFURTCoronavirus infections are rampant in Germany but most of the countrys factories are still humming, sketching a blueprint for countries seeking to support economic activity through the pandemic.Nonessential businesses sit idle across swaths of Europe…
US jobless claims could soon exceed 8 million, economist projects

US jobless claims could soon exceed 8 million, economist projects

People gather at the entrance for the New York State Department of Labor offices in Brooklyn, which closed to the public due to the coronavirus disease outbreak March 20, 2020. The number of weekly unemployment claims filed in the U.S. could soon exceed 8 mi…
Zoom’s Flawed Encryption Linked to China

Zoom’s Flawed Encryption Linked to China

Meetings on Zoom, the increasingly popular video conferencing service, are encrypted using an algorithm with serious, well-known weaknesses, and sometimes using keys issued by servers in China, even when meeting participants are all in North America, accord…
European business activity craters as Brussels races to find a ‘credible’ funding plan

European business activity craters as Brussels races to find a ‘credible’ funding plan

The coronavirus pandemic is hitting European economies sharply, with the latest economic data showing massive falls in services activity across the region. In Italy, the services industry dropped in March at the fastest rate since the IHS Markit survey began…
Got $2,500? Here Are 5 High-Growth Stocks to Buy Now

Got $2,500? Here Are 5 High-Growth Stocks to Buy Now

Over the past six-plus weeks, investors have taken quite the beating, and their resolve to stay invested has been tested like never before. The spread of the coronavirus disease 2019 (COVID-19) pushed equities into bear market territory in just over three we…
Emirates Gradually Resuming Flights As Of April 6

Emirates Gradually Resuming Flights As Of April 6

I’ll be curious to see what this looks like in practice… All UAE flights banned for two weeks A bit over a week ago, the government of the UAE banned all scheduled passenger flights to & from the country for a period of 14 days. This was a drastic measu…

Tesla Is ‘Crushing The Auto Industry’, Munster Says, As Company Posts Q1 Delivery Figures

Loup Ventures Managing Partner Gene Munster on Thursday said Tesla Inc. (NASDAQ: TSLA) "is crushing the auto industry," generating significantly higher demand than its competitors. What Happened Tesla earlier in the day reported 88,400 deliveries and 102,67…

Trump administration ended pandemic early-warning program to detect coronaviruses

Two months before the novel coronavirus probably began spreading in Wuhan, China, the Trump administration ended a $200 million pandemic early-warning program aimed at training scientists in China and other countries to detect and respond to such a threat. The project, launched by the U.S. Agency for International Development in 2009, identified 1,200 different viruses…

A new way to fine-tune exotic materials: Thin, stretch and clamp

Researchers from SLAC National Accelerator Laboratory and Stanford University made a super-thin, flexible membrane from a normally brittle oxide by growing it on a surface coated with a compound that dissolves in water. When the coating was dissolved, the membrane (dark red) floated free. Stretching this membrane revealed how strain affects the material's electronic properties.…
Prince Charles opens fast-tracked London hospital

Prince Charles opens fast-tracked London hospital

Prince Charles remotely opened Friday the new Nightingale Hospital at London’s main exhibition and conference center, a temporary facility that will soon be able to treat 4,000 people who have contracted the COVID-19 diseaseBy PAN PYLAS Associated PressApril 3, 2020, 12:15 PM3 min readLONDON -- Prince Charles on Friday remotely opened the new Nightingale Hospital…
Meek Mill, Jay-Z’s criminal justice organization ramps up efforts to protect prisoners amid coronavirus threat

Meek Mill, Jay-Z’s criminal justice organization ramps up efforts to protect prisoners amid coronavirus...

The group will send 50,000 masks to Rikers Island, which has over 200 cases.April 3, 2020, 11:01 AM7 min read The criminal justice reform organization founded by rappers Meek Mill and Jay-Z is sending personal protective equipment to prisons as cases of inmates testing positive for the novel coronavirus surge in various correctional facilities across…
Outbreak’s global economic cost may top $4 trillion

Outbreak’s global economic cost may top $4 trillion

The pandemic will cost the global economy as much as $4.1 trillion, or nearly 5% of all economic activityApril 3, 2020, 12:21 PM5 min read The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Friday related to the global economy, the work place and…
Fewer than half of Americans believe their daily routine will return to normal by June, as fears over coronavirus rise: POLL

Fewer than half of Americans believe their daily routine will return to normal by...

Fewer than half of Americans believe their regular daily routine will return to normal by June 1 amid sharply rising concerns over contracting the novel coronavirus according to a new ABC News/Ipsos poll released Friday. In the new poll, just over nine in 10 Americans now say that the outbreak has disrupted their daily routine,…
Athletes Village for Olympics could house virus patients

Athletes Village for Olympics could house virus patients

The governor of Tokyo is talking about the possibility of using the under-construction Olympic Athletes Village as a temporary hospital for coronavirus patientsBy YURI KAGEYAMA and STEPHEN WADEApril 3, 2020, 9:59 AM3 min readTOKYO -- The under-construction Athletes Village for the Tokyo Olympics could be used as a temporary hospital for coronavirus patients. Tokyo Governor…
Should pulse oximeters be used at home to track coronavirus symptoms?

Should pulse oximeters be used at home to track coronavirus symptoms?

Lung problems like pneumonia and respiratory failure can be some of the most severe symptoms of COVID-19. Knowing how your lungs are doing could help calm a lot of nerves. Advice found on YouTube and social media is gaining traction, turning some toward the use of a pulse oximeter to monitor their oxygen levels at…
The last coronavirus holdout in New York: A rural upstate county braces itself

The last coronavirus holdout in New York: A rural upstate county braces itself

In the rural upstate New York, it takes up to two weeks to find out test results for the novel coronavirus. Personal protective equipment is sparse. And there's no medical facility with an intensive care unit. This is what officials in Seneca County are trying to remedy as their first COVID-19 case was diagnosed on…
The daily terrors: Improvising in a makeshift ICU in Spain

The daily terrors: Improvising in a makeshift ICU in Spain

The tension is palpable in this makeshift ICU in SpainBy RENATA BRITO Associated PressApril 3, 2020, 8:40 AM3 min readBADALONA, Spain -- The tension is palpable. There is no non-essential talking. An orchestra of medical monitors marks the tempo with an endless series of soft, distinct beeps. Never have so many people been inside the…
Trump campaign calls Sessions ‘delusional’ in letter

Trump campaign calls Sessions ‘delusional’ in letter

President Donald Trump's campaign has sent a letter demanding his former attorney general Jeff Sessions stop tying himself to Trump in campaign materialsBy KIM CHANDLER Associated PressApril 3, 2020, 4:30 AM3 min readMONTGOMERY, Ala. -- President Donald Trump’s campaign has sent a letter to Jeff Sessions, his former attorney general now running for a U.S.…
GLOBAL MARKETS-Asian stocks slip as global recession looms

GLOBAL MARKETS-Asian stocks slip as global recession looms

LONDON (Reuters) - World stocks were mixed on Thursday, as the death toll from coronavirus rose and economic pain deepened, with another record week of jobless claims expected in the United States. Investors sought the safety of the U.S. dollar, which hung …
5 things to know before the stock market opens Thursday

5 things to know before the stock market opens Thursday

1. Dow futures cut gains after huge jobless claims A passenger wears a protective mask at the Wall Street subway station in New York, on Monday, March 30, 2020. U.S. stock futures cut gains after the government reported another unprecedented number of Ameri…
Elon Musk promised ventilators. These are BPAP machines.

Elon Musk promised ventilators. These are BPAP machines.

Some of you might have noticed that we recently started a series called Corona Tools, in honour of those who are really standing out from the crowd during this crisis. But we needn’t have bothered, really. Because one man is fast emerging from this virus as t…
Real Estate Spring Buying Season Could Be “Catastrophic”

Real Estate Spring Buying Season Could Be “Catastrophic”

We find ourselves with little to no empirical evidence of whats happening, said Mr. Miller, because the virus outbreak became a factor so late in March. I dont have a sense, other than its going to be catastrophic. Contracts and closings can lag the reality …
Walgreens earnings top estimates, as the drugstore chain says it can’t forecast the impact of coronavirus pandemic

Walgreens earnings top estimates, as the drugstore chain says it can’t forecast the impact...

Walgreens Boots Alliance beat Wall Street earnings expectations Thursday, sending shares up about 4% in early trading. Here's what Walgreens reported for its fiscal second quarter of 2020 compared with what Wall Street was expecting, based on a survey of ana…
Boeing is offering buyout and early retirement packages as it works to combat COVID-19 impact: reports

Boeing is offering buyout and early retirement packages as it works to combat COVID-19...

Boeing Co. BA, -12.36% is offering buyout and early retirement packages to employees as it works to combat the impact on its business of the coronavirus that causes COVID-19 that has grounded airlines around the world and decreased demand for new planes…
Intruders are hijacking Zoom calls with noise and gross images — here’s how to avoid becoming a victim of ‘zoombombing’

Intruders are hijacking Zoom calls with noise and gross images — here’s how to...

Von Glitschka was just trying to teach people how to create designs in Adobe Illustrator. Glitschka, half of the two-person design firm Glitschka Studios in Salem, Oregon, had shared the link to his Zoom video call on his Facebook, LinkedIn and Twitter profi…
Jobless Claims, Oil Prices, Coronavirus, Boeing, Juul

Jobless Claims, Oil Prices, Coronavirus, Boeing, Juul

Here are five things you must know for Thursday, April 2: 1. -- Stock Futures Steady as Oil Prices Soar Stock futures rose Thursday and pointed to a modest rebound from the previous session's drubbing as oil prices surged after President Donald Trump said h…
Top US senator warns Saudi Arabia over oil price war with Russia

Top US senator warns Saudi Arabia over oil price war with Russia

The strategic relationship between the United States and Saudi Arabia may change if Riyadh does not end its oil price war with Russia, a leading US senator from oil-rich Alaska state has warned. "The Saudis have really brought in a supply shock at exactly th…
SoftBank terminates $3BN tender offer for WeWork shares

SoftBank terminates $3BN tender offer for WeWork shares

SoftBank Group has pulled a $3 billion tender offer for WeWork shares — citing closing conditions not being met. The investment behemoth had been rumoured to be getting cold feet, when the WSJ reported last month that it was using regulatory investigations a…
‘I’m not going to lie, it was a nightmare’: A recovered New Jersey coronavirus patient urges caution — and hope

‘I’m not going to lie, it was a nightmare’: A recovered New Jersey coronavirus...

A New Jersey breast-cancer survivor and marathon runner who pulled through coronavirus wants to spread hope that there can be life after COVID-19 and urge people to stay home until the pandemic is over.It is scary. Im not going to lie, it was a nightmare, Joh…
Alleged Stock-Dumping GOP Senator’s Coronavirus PSA Does Not Go Down Well

Alleged Stock-Dumping GOP Senator’s Coronavirus PSA Does Not Go Down Well

Sen. Kelly Loeffler (R-Ga.) — who allegedly sold stocks ahead of the coronavirus crisis after attending closed-door congressional briefings about its looming threat — encouraged people to stay strong in a video released online Wednesday. Loeffler talked abou…
Investors Brace for Alarming Jobs Report: Live Updates

Investors Brace for Alarming Jobs Report: Live Updates

The speed and scale of the job losses is without precedent. Until the coronavirus outbreak caused widespread workplace shutdowns and layoffs, the worst week for initial unemployment filings was 695,000 in 1982. The economic damage from the pandemic was initi…
Carnival shares slump after pricing stock offering and raising more through debt

Carnival shares slump after pricing stock offering and raising more through debt

Carnival CCL, -33.18% CCL, -9.75% shares dropped 8% in London as the cruise operator priced the stock offering at $8 a share, vs. a close on Monday of $8.80. Carnival said it is decreasing its common stock offering to approximately $500 million from…
Home Depot Halts Sales of N95 Masks Amid Shortage, Company Says

Home Depot Halts Sales of N95 Masks Amid Shortage, Company Says

Lowes is currently delivering essential items, such as respirators and other protective gear, to hospitals nationwide by working with national health care supply distributors to allocate product where its needed most, the company said on its website. A Lowes…
Bitcoin Price Analysis: BTC/USD Short Squeezed Under $6,800; Why Breakdown to $6,400 Is Imminent?

Bitcoin Price Analysis: BTC/USD Short Squeezed Under $6,800; Why Breakdown to $6,400 Is Imminent?

Bitcoin price retreats from the weekly high close to $6,800, risks breaking down to $6,400 if $6,600 support caves in.BTC/USD faces short term overbought conditions at $6,800 resulting in a short squeeze as the price spirals towards $6,600.
Coronavirus Update: Map Of New York City Breaks Down COVID-19 Cases By Zip Code

Coronavirus Update: Map Of New York City Breaks Down COVID-19 Cases By Zip Code

NEW YORK (CBSNewYork) — New York City now has an up-close look at the hot spots of the outbreak.A map from the Health Department zeroes in on zip codes. Every borough is feeling the brunt of the disease in spots, with some getting hit harder than others, lik…

Asian stocks mixed as economic toll of virus worsens

BEIJING (AP) Asian stocks were meandering Thursday after a White House warning that as many as 240,000 Americans might die of the coronavirus sent Wall Street tumbling and signs of the outbreaks global economic cost increased. Benchmarks in Tokyo and Hong Ko…

Oregon veteran survives coronavirus, celebrates 104th birthday

Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.It was a very happy 104th birthday for World War II veteran William Lapschies on Wednesday.The Lebanon, Ore., resident celebrated with family members after surviving a recent bout with the coronavirus, according to media reports.“He is fully recovered. He is very…

Skull scans reveal evolutionary secrets of fossil brains

Brain imprints in fossil skulls of the species Australopithecus afarensis (famous for "Lucy" and the "Dikika child" from Ethiopia pictured here) shed new light on the evolution of brain growth and organization. The exceptionally preserved endocranial imprint of the Dikika child reveals an ape-like brain organization, and no features derived towards humans. Credit: Philipp Gunz,…
Coronavirus leads to surge in wills: ‘Everyone is thinking about their mortality’

Coronavirus leads to surge in wills: ‘Everyone is thinking about their mortality’

Earlier this week, Tara Waters made her will. She's just 42 years old and the mother of two young children. But amid the climate of uncertainty surrounding the coronavirus pandemic that is sweeping the nation, she, like people of many ages and walks of life, is grappling with the difficult subject and not taking any…
Texas, Florida may be the next hot spots for COVID-19

Texas, Florida may be the next hot spots for COVID-19

New York has been labeled as the current epicenter of the outbreak.April 2, 2020, 9:06 AM6 min read The COVID-19 pandemic has spread rapidly, with 100,000 additional confirmed cases in the U.S. this past week alone, according to data compiled by Johns Hopkins University. Part of the U.S. and the global community have been trying…
Georgia Sen. Loeffler gets renewed scrutiny over stock moves

Georgia Sen. Loeffler gets renewed scrutiny over stock moves

The husband of Georgia Sen. Kelly Loeffler recently acquired as much as $415,000 in stock in DuPont de Nemours, a chemical company that manufactures protective equipment in high demand due to the coronavirus pandemicBy BRIAN SLODYSKO and MARY CLARE JALONICK Associated PressApril 1, 2020, 11:03 PM4 min readWASHINGTON -- The husband of Georgia Sen. Kelly…
Coronavirus crisis has people struggling to pay bills: Here’s what you can do

Coronavirus crisis has people struggling to pay bills: Here’s what you can do

Wednesday is the first of the month, when most rent payment and a handful of other bills are due. If you are struggling amid the ongoing coronavirus-induced financial crisis, here are some resources that are available to help. The pandemic has clobbered the U.S. economy, forcing many businesses to shut down due to government-mandated orders.…
Stock market live updates: Dow futures down 800, second quarter begins, Trump’s warning

Stock market live updates: Dow futures down 800, second quarter begins, Trump’s warning

A man runs past the New York Stock Exchange (NYSE). This is a live blog. Check back for updates. 8:50 am: Second worst start to the quarter ever?  The S&P 500 is poised to open down over 3.5% this morning and if those numbers hold through the close it …
Here are the companies mass hiring during the coronavirus pandemic

Here are the companies mass hiring during the coronavirus pandemic

USA TODAY reporter Nathan Bomey gives a lowdown on the companies going through massive hiring sprees and why not to worry about your utility bill. USA TODAY The growing spread of coronavirus has left many Americans in fear of losing their jobs, as businesse…
Why the Global Recession Could Last a Long Time

Why the Global Recession Could Last a Long Time

I feel like the 2008 financial crisis was just a dry run for this, said Kenneth S. Rogoff, a Harvard economist and co-author of a history of financial crises, This Time Is Different: Eight Centuries of Financial Folly. This is already shaping up as the deepe…
Warren Buffett could bail out airlines, hotels, and casinos as coronavirus ravages their revenues

Warren Buffett could bail out airlines, hotels, and casinos as coronavirus ravages their revenues

Mario Anzuoni/Reuters Warren Buffett is monitoring some of the businesses being hammered by the novel coronavirus, The Wall Street Journal reported on Tuesday.The billionaire investor is "circling the hardest-hit companies in the travel, lod…
Chris Cuomo on what it’s like to have coronavirus

Chris Cuomo on what it’s like to have coronavirus

Chat with us in Facebook Messenger. Find out what's happening in the world as it unfolds.
Workers Return to China’s Factories, but Coronavirus Hurts Global Demand

Workers Return to China’s Factories, but Coronavirus Hurts Global Demand

BEIJINGChinese workers returned to factory floors in March, but operations remained slow due to sluggish demand, dampening hopes for a speedy recovery as the coronavirus pandemic continues to paralyze the global economy. Chinese factory activity expanded in …
Chinese buyers snap up U.S. oil purchases at widest discounts ever

Chinese buyers snap up U.S. oil purchases at widest discounts ever

By Shu Zhang and Florence Tan SINGAPORE (Reuters) - China has increased U.S. crude purchases with some buyers snapping up cargoes at the widest discounts ever as sellers seek to offload excess supplies in Asia, six trade sources said on Wednesday. China sta…
Uber Eats beefs up its grocery delivery offer as COVID-19 lockdowns continue

Uber Eats beefs up its grocery delivery offer as COVID-19 lockdowns continue

Uber Eats has beefed up grocery delivery options in three markets hard hit by the coronavirus. Uber’s food delivery division said today it’s inked a partnership with supermarket giant Carrefour in France to provide Parisians with 30 minute home delivery on a…
Traders Seek China’s Masks to Help U.S. Hospitals Battle the Coronavirus

Traders Seek China’s Masks to Help U.S. Hospitals Battle the Coronavirus

Zhang Qing, a senior Chinese aviation regulator, said the Chinese government was making it easier for air freighters to move in and out of the country. Airlines are even operating passenger aircraft as freighters, she said. But China wants the United States …
5 charts that explain the Saudi Arabia-Russia oil price war so far

5 charts that explain the Saudi Arabia-Russia oil price war so far

Two of the world's largest oil producers  Saudi Arabia and Russia  are set to increase production dramatically this month, after an agreement between OPEC and its allies to lower output expired at the end of March.  OPEC+ countries have teamed up to reduce t…
European stocks open lower, U.S. equity futures fall amid grim coronavirus forecast

European stocks open lower, U.S. equity futures fall amid grim coronavirus forecast

European stocks opened sharply lower on Wednesday, with U.S. stock futures also under pressures after U.S. President Donald Trump warned of a "very painful" two weeks ahead in the country's coronavirus battle. Experts warned of a staggering 100,000 to 240,000…

QFC, Fred Meyer announce ‘hero bonus’ for grocery store workers during COVID-19 outbreak

QFC, Fred Meyer announce 'hero bonus' for grocery store workers during COVID-19 outbreak - KOMO News

March 31 Central Coast coronavirus update: Harbors and boat ramps close

VACCINE IN SEPTEMBER...THAT IS ASTONISHLY FAST .... AND THAT'S JUST ONE OF ALMOST TWO DOZEN IN DEVELOPMENT....AND THEN RESEARCHERS ARE ALSO FTANTICALLY LOOKING FOR SOME KIND OF TREATMENT. SCIENTISTS ARE WORKING AROUND THE CLOCK ON TWO FRONTS IN THE RACE TO FIND A WEAPON TO COMBAT COVID 19: TREATMENTS AND VACCINES. JUST TODAY THE FDA…
April 1, rent’s due: Many struggle to pay in virus outbreak

April 1, rent’s due: Many struggle to pay in virus outbreak

It's the first of the month, and everybody knows the rent's due. For millions of Americans, Wednesday is the first time the landlord is knocking on the door since the coronavirus outbreak turned the economy upside down. Many of those renters are without jobs - nearly 3.3 million people in the U.S. filed for unemployment…
Medicare and Medicaid patients get temporary access to telemedicine amid coronavirus crisis, but challenges remain

Medicare and Medicaid patients get temporary access to telemedicine amid coronavirus crisis, but challenges...

President Donald Trump’s administration took the unprecedented step on Monday to temporarily waive rules for the nation's largest insurer -- Centers for Medicare & Medicaid Services (CMS) -- giving some healthcare providers the ability to have phone-only visits with their patients as the coronavirus crisis rages on. CMS covers at least 140 million Americans through…
Despite coronavirus grocery buying spree, farmers fearful for the future

Despite coronavirus grocery buying spree, farmers fearful for the future

Possible shutdowns and demand changes have farmers on edge. April 1, 2020, 8:59 AM6 min read As the coronavirus crisis shut down much of the country’s workforce or forced it to make dramatic accommodations, the nation's farmers have been hard at work, producing food supplies for the nation. But they are doing so amid a…
Trump’s coronavirus team to reveal sobering data that drove decision to extend restrictions

Trump’s coronavirus team to reveal sobering data that drove decision to extend restrictions

President Donald Trump and his coronavirus task force geared up on Tuesday to explain the sobering data that drove the decision to extend federal recommendations to blunt the spread of coronavirus until the end of April. His health health experts advised him 100,000 to 200,000 people could die even if the restrictions remained in place.…
Fed steps in once again to try to smooth out lending markets

Fed steps in once again to try to smooth out lending markets

The Federal Reserve is intervening once again to try to smooth out the world's lending markets, this time by lending dollars to other central banks in exchange for TreasurysBy CHRISTOPHER RUGABER Economics WriterMarch 31, 2020, 2:12 PM2 min readWASHINGTON -- The Federal Reserve is intervening once again to try to smooth out the world's lending markets,…
Dow futures trade 300 points lower as coronavirus uncertainty lingers, after temporary boost from China factory data

Dow futures trade 300 points lower as coronavirus uncertainty lingers, after temporary boost from...

Stock-index futures pointed to losses for Wall Street Tuesday amid worsening data on coronavirus deaths in the U.S. and Spain, after equities initially found support following data showing a rebound in Chinese manufacturing activity in March, as the country c…
Coronavirus live updates: Spirit cancels New York flights, Spain’s death toll surges

Coronavirus live updates: Spirit cancels New York flights, Spain’s death toll surges

This is CNBC's live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 800,000Global deaths: At least …
Walkouts at Amazon and Whole Foods Over Coronavirus: Live Updates

Walkouts at Amazon and Whole Foods Over Coronavirus: Live Updates

The governor spoke at the Javits Center, a convention hall in Manhattan that was quickly turned into a 1,000-bed emergency hospital. His remarks came shortly after a Navy hospital ship arrived in the city. Here were some other developments on Monday:
Walmart will start taking employees’ temperatures before shifts

Walmart will start taking employees’ temperatures before shifts

Walmart said it will soon start taking temperatures and doing basic health screenings of employees to detect workers who may be sick with COVID-19. The retailer also said it's ordering masks for employees and will offer masks and gloves for them to wear, if …
The Dow has spiked nearly 4,000 points in a week. That doesn’t mean the crisis is over

The Dow has spiked nearly 4,000 points in a week. That doesn’t mean the...

The Dow has spiked nearly 4,000 points in a week. That doesn't mean the crisis is over - CNN
Ford delays manufacturing restart indefinitely, but will build ventilators for coronavirus fight

Ford delays manufacturing restart indefinitely, but will build ventilators for coronavirus fight

Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Ford will delay the reopening of its North American manufacturing facilities indefinitely due to the coronavirus pandemic. (Ford) The decision comes after the auto…
What happens to our food supply if American farmers can’t farm?

What happens to our food supply if American farmers can’t farm?

By Danielle Wiener-Bronner, CNN Business Updated 7:07 AM ET, Tue March 31, 2020 Chat with us in Facebook Messenger. Find out what's happening in the world as it unfolds. American farmers are concerned. The coronavirus pandemic is posing a threat to their…
Oil price war: Analysts expect prices to drop further

Oil price war: Analysts expect prices to drop further

Top energy officials in the US and Russia will meet to tackle an historic collapse in global oil markets. The meeting comes after a dispute over output levels earlier this month sparked a price war between Russia and Saudi Arabia. Prices have plunged even fur…
Most cruise lines don’t pay taxes in the U.S. — just one of the reasons they aren’t getting a bailout

Most cruise lines don’t pay taxes in the U.S. — just one of the...

Cruise lines, which have been pummeled by the economic impact of the coronavirus, may not be eligible to receive relief through the bailout fund included in the $2 trillion stimulus bill passed on Friday. While the stimulus bill allocates $500 billion for di…
South Africa looks to structural reforms as it loses its last investment-grade credit rating

South Africa looks to structural reforms as it loses its last investment-grade credit rating

PRETORIA, SOUTH AFRICA - MARCH 16: Finance minister, Tito Mboweni briefs the media on the details of government interventions in various sectors of the departmental portfolios on COVID-19 at DIRCO Media Centre. South Africa has lost its last remaining major …
Facebook, YouTube Shift Content Moderation To Computers, Warn Of Mistakes

Facebook, YouTube Shift Content Moderation To Computers, Warn Of Mistakes

Facebook and other tech companies sent workers home to protect them from the coronavirus. That's creating new challenges about how to handle harmful content on their platforms. Glenn Chapman/AFP via Getty Images Facebook, YouTube and Twitter are relying mor…
Hyatt Executives Who Took Pay Cut Stand to Gain Through Latest Stock and Option Awards

Hyatt Executives Who Took Pay Cut Stand to Gain Through Latest Stock and Option...

When Hyatt Hotels Corp. decided to furlough many of its hotel workers, it told employees that Chief Executive Mark Hoplamazian and Chairman Thomas Pritzker would forgo salaries and nine other senior leaders would take a 50% pay cut through May. The executive…
Stocks pick up at end of worst quarter since 2008

Stocks pick up at end of worst quarter since 2008

Stocks held steady on Tuesday, wrapping up the end of the worst quarter in markets since the global financial crisis of 2008. Equities in Europe initially pushed higher, supported by tentative signs the Chinese economy is stabilising after Covid-19 lockdowns…

Huawei says US blacklisting led to $12 billion revenue shortfall in 2019 as profit...

Huawei reported slowing profit growth in 2019 as the U.S. blacklisting the Chinese technology giant weighed on its business. Meanwhile, a top executive at the company told CNBC the impact from the coronavirus on its business is unclear. Revenue for last yea…
Amazon warehouse workers in New York walk off the job; Instacart and Whole Foods employees to follow

Amazon warehouse workers in New York walk off the job; Instacart and Whole Foods...

A group of workers at an Amazon warehouse in New York City walked off the job and went on strike Monday afternoon, demanding the company shut down and thoroughly clean the sprawling facility after they say multiple employees there have tested positive for the novel coronavirus. Fear of the rapidly spreading virus, which has killed…
Lufthansa puts 27,000 workers on short hours

Lufthansa puts 27,000 workers on short hours

German airline Lufthansa is putting 27,000 of its 35,000 employees on short hours under a government support program that will ensure they get most of their pay while the virus outbreak reduces air trafficMarch 30, 2020, 5:51 PM2 min readFRANKFURT, Germany -- German airline Lufthansa is putting 27,000 of its 35,000 employees on short hours…
Macy’s to furlough majority of its 130,000 workers

Macy’s to furlough majority of its 130,000 workers

Macy's, Kohl's and Gap Inc. all said Monday they will stop paying tens of thousands of employees who were thrown out of work when the chains temporarily closed their stores and sales collapsed as a result of the pandemicBy ANNE D'INNOCENZIO AP Retail WriterMarch 30, 2020, 10:16 PM5 min readNEW YORK -- Macy's, Kohl's and…
Kennedy Center to stop paying National Symphony Orchestra despite $25 million in coronavirus aid: Union

Kennedy Center to stop paying National Symphony Orchestra despite $25 million in coronavirus aid:...

The decision was notified just after President Trump signed the stimulus bill.March 30, 2020, 4:29 PM8 min read The Kennedy Center for the Performing Arts in Washington, D.C., will stop paying its musicians despite expecting to receive some $25 million in aid from the recently signed coronavirus national stimulus package, a union that represents the…
Coronavirus economic updates: Markets tick up slightly after weeks of volatility

Coronavirus economic updates: Markets tick up slightly after weeks of volatility

The health crisis has increasingly become an economic one.March 31, 2020, 12:11 AM6 min read The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling. Here's the latest news on how the COVID-19 crisis is affecting the economy. For more on…
Instacart workers seek strike as jobs get busier, riskier

Instacart workers seek strike as jobs get busier, riskier

Some Instacart and Amazon warehouse workers have walked off the job to demand greater safeguards against the coronavirus, even as both companies are speed-hiring hundreds of thousands of new workers to handle a surge in delivery ordersBy ALEXANDRA OLSON and MAE ANDERSON Associated Press WritersMarch 31, 2020, 12:17 AM5 min readNEW YORK -- Some Instacart…
Instacart workers consider nationwide strike

Instacart workers consider nationwide strike

BOSTON —Instacart workers worried about their safety amid the coronavirus outbreak are threatening to strike nationwide. Some workers of the grocery delivery company have called for a walk out Monday, saying they need hazard pay and protective gear, among ot…
Vietnam PM asks major cities to prepare for lockdown to stop virus

Vietnam PM asks major cities to prepare for lockdown to stop virus

HANOI (Reuters) - Vietnam’s prime minister on Monday asked major cities to prepare for possible lockdowns to stop the spread of coronavirus as the number of confirmed cases in the Southeast Asian country reached nearly 200. “Hanoi and Ho Chi Minh City have …
JPMorgan Says the Market Rout Is Probably Past Its Worst Now

JPMorgan Says the Market Rout Is Probably Past Its Worst Now

(Bloomberg) -- Strategists at JPMorgan Chase & Co. have concluded that most risk assets -- a universe that typically includes stocks and credit -- have seen their low points for the recession thats gripped economies around the world. Conditions that JPMo…
European stocks edge lower after ECB calls for banks to halt dividends through October

European stocks edge lower after ECB calls for banks to halt dividends through October

European stocks SXXP, -1.42% slipped in early trade on Monday, with modest losses across the Continent. Two companies that warned over the impact of COVID-19, chip equipment maker ASML and luxury-goods product firm LVMH MC, -1.31% , both advance…
Amazon workers to strike at New York site over virus concerns

Amazon workers to strike at New York site over virus concerns

Published: 9:34am, 30 Mar, 2020 Updated: 10:09am, 30 Mar, 2020
Stock futures open lower as Trump extends coronavirus social distancing measures to April 30

Stock futures open lower as Trump extends coronavirus social distancing measures to April 30

Loans and guarantees to businesses, state and local governments: $500 billion. Includes up to $50 billion for passenger airlines, $8 billion for cargo carriers, $17 billion for "businesses critical to maintaining national security." Companies accepting loans …
Riverside County Amazon Worker Tests Positive for COVID-19

Riverside County Amazon Worker Tests Positive for COVID-19

A worker at an Amazon facility in Eastvale tested positive for COVID-19, the e-commerce giant announced Sunday. "We are supporting the individual who is recovering," the company said in a statement. "We are following guidelines from health officials and medi…
Oil prices fall to 17-year low as Saudi Arabia-Russia standoff continues, coronavirus hits demand

Oil prices fall to 17-year low as Saudi Arabia-Russia standoff continues, coronavirus hits demand

Oil prices fell to the lowest in more than 17 years as demand plunged as a result of the pandemic and an unrelenting price war between Saudi Arabia and Russia showed no signs of easing. Brent crude prices hit $23.03 a barrel on Monday morning during Asia hou…
Costco to temporarily change store hours

Costco to temporarily change store hours

In an effort to help protect its customers, Costco announced Sunday it will temporarily implement new weekday closing hours for its locations nationwide. Beginning Monday, all its warehouses will close at 6:30 p.m., Monday through Friday, and its gas station…
‘Taco Tuesday’ Taco Bell plans to feed America this Tuesday

‘Taco Tuesday’ Taco Bell plans to feed America this Tuesday

(KLFY) Taco Bell announced Sunday that it wants to give back to Americans in wake of the Coronavirus pandemic with a a free Doritos® Locos Taco.   Mark King, CEO of Taco Bell Corp. announced in a letter to fans that this Tuesday, March 31, Taco Bell drive-th…
Publix offering rent relief in Publix-owned shopping centers

Publix offering rent relief in Publix-owned shopping centers

Publix offering rent relief in Publix-owned shopping centers - WPEC
Trump’s attack on GM over ventilators quickly turns to praise

Trump’s attack on GM over ventilators quickly turns to praise

WASHINGTON (Reuters) - President Donald Trump, who excoriated General Motors Co on Friday and invoked emergency powers to compel the production of badly needed ventilators to tackle the coronavirus pandemic, has abruptly shifted gears to praise the automaker.…
Asian markets extend losses as toll from pandemic surges

Asian markets extend losses as toll from pandemic surges

Asian shares started the week with fresh losses as countries reported surging numbers of infections from the coronavirus that has prompted shutdowns of travel and business in many parts of the world. Early Monday, Tokyos Nikkei 225 NIK, -3.46% dropped 3…
2021 Genesis G80 revealed with sleek style, turbo power

2021 Genesis G80 revealed with sleek style, turbo power

The new G80 has a very Mercedes-Benz CLS-like shape from this view. That's a good thing. Genesis The 2021 Genesis G80 is here, and boy, is it a looker. That's not a total shock, of course -- Genesis gave us a preview of its new sedan earlier this month. Now…
Mortgage bankers warn Fed mortgage purchases unbalanced market, forcing margin calls

Mortgage bankers warn Fed mortgage purchases unbalanced market, forcing margin calls

The Mortgage Bankers Association in a dire letter to regulators Sunday warned that the U.S. housing market is "in danger of large-scale disruption," due to efforts by the Federal Reserve that were intended to help rescue the mortgage market. At issue are the…
The Best Tips On Working From Home

The Best Tips On Working From Home

Father multi-tasking with young son (2 yrs) at kitchen table Getty As a result of covid-19, a whole swath of the work force around the world is homebound. It is not an easy transition for everyone, but a lot of professionals, ranging from astronauts to writ…
Coronavirus outbreak: Photographer pays tribute to healthcare workers

Coronavirus outbreak: Photographer pays tribute to healthcare workers

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Virginia launches ‘Restaurant Lovers Takeout Week’ to support business during closures

Virginia launches ‘Restaurant Lovers Takeout Week’ to support business during closures

RICHMOND, Va. (WAVY) — Efforts to slow the spread of the coronavirus by shutting down businesses is taking a toll on local restaurants. The restriction on mass gatherings has forced dining rooms to close, lines to shut down, and services to shift to takeout…

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