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Why A ‘Return To Normal’ Could Mean Disaster For The Stock Market
It’s hard to deny, although some do, that the stock market, pre-coronavirus, was pushing the limits of what it…
Apple Aims To Sell Macs With Its Own Chips Starting In 2021
Apple Inc. is planning to start selling Mac computers with its own main processors by next year, relying on designs…
Saudi Arabia May Re-route Tankers If U.S. Imposes Crude Import Ban
Saudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the United States if…
Record U.S Jobless Claims Wipe Out Post-Great Recession Employment Gains
A record 26 million Americans likely sought unemployment benefits over the last five weeks, confirming that all the…
Pandemic Throws Asia’s Services Firms, Factories Into Deeper Decline
The coronavirus pandemic battered Asian economies in April with social-distancing policies and business closures…
Facebook Rolls Out Messenger Kids To 70 New Countries
Facebook on Wednesday rolled out its Messenger Kids application to 70 new countries, saying it can help children…
Kraft-Heinz Extends Factory Worker Bonuses In Pandemic
Kraft Heinz (KHC.O) will extend for two weeks a $100 per week stipend for factory workers producing its packaged…
Stocks Rise After U.S Senate Approves Coronavirus Relief Funds
Stocks rose Wednesday morning, recovering some losses after a sell-off in risk assets a day earlier sent the …
Coronavirus Pandemic Will Cause Global Famines Of ‘Biblical…
The world is facing multiple famines of "biblical proportions" in just a matter of months, the UN has said, warning…
Study Finds No Benefit, Higher Death Rate In Patients Taking Hydroxychloroquine…
Coronavirus patients taking hydroxychloroquine, a treatment touted by President Trump, were no less likely to need…
U.S. Home Sales Tumble As Coronavirus Keeps Buyers Indoors
The slump in home resales reported by the National Association of Realtors (NAR) on Tuesday added to a pile of…
China: The Biggest Winner Of The Oil Crash
A clear winner has emerged from the historic rout in global oil markets: China, which is reaping an unlikely reward…
Trump Looking At Stopping Saudi Oil Shipment As U.S Crude Oil Price Plunges Into…
U.S. President Donald Trump said on Monday that his administration was looking at the possibility of stopping…
Coronavirus: Spain Pledges More Economic Support
Spain’s cabinet approved measures to support workers and businesses struggling under stringent coronavirus…
French Court To Issue Verdict In Amazon Case On April 24: Judge
A verdict in a case involving U.S. e-commerce giant Amazon will be issued by the Court of Appeal in Versailles on…
What’s A Negative Crude Future And Does It Mean Anything For Consumers?
The price of a barrel of benchmark U.S. oil plunged below $0 a barrel on Monday for the first time in history, a…
Coronavirus: Empty Resorts Spell Long Crisis Across The Caribbean
The nearby airport, the lifeblood of Varadero’s economy, closed after Cuba shut its borders two weeks ago to…
Oil Plunges Further To Below Zero For First Time In Unprecedented Wipeout
Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been…
Market Wrap
“Given that the policy focus from governments and central banks has been to support the corporate sector, we like…
Oil Plunges Below $10 With Traders Fleeing Expiring Contract
U.S. benchmark falls the most since trading began in New York. WTI May contract drops as much as 56% before Tuesday…
Bahrain Follows Saudi Arabia, Oman With Budget Cuts Amid Crisis
Bahrain became the latest nation in the oil-rich Gulf to announce drastic spending cuts, an effort to stretch…
JPMorgan Asset Seeks Collateral Protection in Private Lending
JPMorgan Asset Management is prioritizing lending to companies with high-quality assets as more cash-hungry…
U.S. Restaurants On Track To Lose $240 Billion By End of 2020: Survey
U.S. restaurants are on track to lose $50 billion in April, with losses mounting to an estimated $240 billion by…
United Airlines Expects $2.1 Billion Loss, Seeks Government Aid
United Airlines (UAL.O) said on Monday it expects to report a pre-tax loss of about $2.1 billion for the first…
A Tsunami Of Bankruptcies Are About To Wash Away America’s Retail Sector
As the coronavirus pandemic keeps America’s retail stores closed, Michael McGrail is gearing up for what is shaping…
Coronavirus: Branson Believes Virgin Atlantic Will Collapse Without Government…
Virgin Atlantic will only survive the coronavirus outbreak if it gets financial support from the British…
US Rapper, The Game Loses Record Label And Profits From Latest Album To Sexual…
The record label of American rapper, The Game and all profits from the sale of his last album “Born 2 Rap” has been…
Coronavirus: Europe Needs €1 Trillion To Recover
Pandemic wracked Europe will need at least another 500 billion euros from European Union institutions to finance…
Sanofi Partners GSK on Vaccine against COVID-19
GlaxoSmithKline and Sanofi will join forces to speed up production of a vaccine. Sanofi's flu vaccine will be added…
Consumer Spending Will Drop After The Great Stockpiling: Capital Economics
Consumer spending across the world is expected to take a hit in the second quarter of 2020 as sheltering in place…