Facebook Cancels Large In-person Events Through June 2021
Facebook (FB) is canceling all of its planned physical events with 50 or more people through June 2021 due to…
Category: World
Seven U.S. States Extend Lockdown to May 15 Despite Trump’s Plan To End Shutdown
Seven Northeastern states on Thursday extended a shutdown to contain the coronavirus pandemic until May 15, even as President Donald…
Trump To Push For Reopening U.S. Economy Despite Concerns From Experts
U.S. President Donald Trump on Thursday plans to announce new guidelines to reopen the economy after a monthlong shutdown over…
Over 20 Million Americans Have Filed For Unemployment Benefits
Millions more Americans likely sought unemployment benefits last week, lifting total filings for claims over the past month above an…
Wedding Preparations Resume In Wuhan, China
Peng Jing stifles a laugh as she looks into the eyes of her tuxedo-clad fiancee, Yao Bin, who is in…
Mexico Could Force Businesses To Close If They Violate Coronavirus Rules
Mexico could force the closure of companies in non-essential sectors if they refuse to suspend operations during a state of…
Vatican Planning Spending Cuts As Pandemic Affects Main Source Of Funding
The Vatican was reportedly planning radical spending cuts Wednesday because the coronavirus pandemic has quashed its main source of funding — the Holy See’s fresco-rich museums.
Only a COVID-19 Vaccine Will Allow Return To ‘Normalcy’: UN chief
A COVID-19 vaccine may be the only thing that can bring back “normalcy,” UN Secretary-General Antonio Guterres said Wednesday, hoping…
COVID-19 Global Virus Update
U.S. President Donald Trump said he will unveil guidelines to relax stay-at-home rules on Thursday, citing signs that the outbreak is plateauing…
Real Oil Market Is Sinking And OPEC+ Deal Can’t Rescue It
The physical oil market, where millions of barrels of real cargoes are traded each day, needed OPEC+’s historic cuts to global crude production months ago.
Oil Holds Near 18-Year Low As Demand Shock Outweighs Output Cuts
U.S. crude supplies jumped by 19.2 million barrels last week. WTI futures add 0.6% after falling to the lowest since 2002. IEA Sees Record Collapse in Global Oil Demand.
Stocks Rise With U.S. Futures; Dollar Extends Gain
Investors brace for new jobless figures from biggest economy. Oil holds near 18-year low after record slide in U.S. demand.
Coronavirus: Germany Slowly Eases Lockdown Measures
German Chancellor Angela Merkel has announced plans to slowly ease restrictions brought in to tackle the coronavirus pandemic. Social distancing…
Trump’s National Doral Miami Golf Resort To Cut 560 Jobs
President Donald Trump’s Miami-area golf resort is cutting 560 jobs after it was shut down in response to the coronavirus…
Oil Falls 4% To $28 As Demand Collapses
Oil fell 4% towards $28 a barrel on Wednesday, pressured by reports of persistent oversupply and collapsing demand due to…
Bank Of America’s Quarterly Profit Reduces By 48.5% As It Prepares For Loan Losses
Bank of America Corp (BAC.N) recorded a 48.5% fall in quarterly profit on Wednesday, as it set aside $3.6 billion…
McDonald Apologizes After Its Store In China Banned Blacks From The Premises
McDonald is in damage control mode after a restaurant in China displayed a sign banning black people from the premises.…
Will Coronavirus End The Handshake?
The United States has become the hardest-hit country in the global Covid-19 pandemic, with more than 550,000 confirmed cases and 22,000 deaths. People…
Newcastle United Takeover Deal Worth £300m Close
A Newcastle United takeover has taken a step closer after new documents show that owner Mike Ashley has entered into…
IMF: Global Economy To Contrast By 3% This Year, The Worst Since The Great Depression
The global economy will contract by 3% this year as countries around the world shrink at the fastest pace in…
Coronavirus: UK Economy ‘Could Shrink By Record 35%’ By June
The UK’s independent tax and spending watchdog has warned the coronavirus pandemic could see the economy shrink by a record…
Ten U.S. States Developing ‘Reopening’ Plans Account For 38% Of U.S. Economy
The ten U.S. states coordinating plans separately from the White House to reopen businesses shut by the coronavirus are responsible…
JPMorgan Warns Of ‘Fairly Severe Recession,’ Expects Billions In Loan Losses
JPMorgan Chase (JPM), the largest U.S. bank by assets, kicked off earnings season for the big banks on Tuesday by…
Trump Says Plan To Re-Open Shuttered U.S. Economy To Be Completed Soon
President Donald Trump said on Monday that his administration was close to completing a plan to re-open the U.S. economy,…
Getting A Coronavirus Test In Wuhan, China: Fast, Cheap And Easy
Coronavirus tests can be difficult to come by in many countries including in hard-hit parts of the United States and…
New York, California And Other States Plan For Reopening As Coronavirus Crisis Eases
Ten U.S. governors on the east and west coasts banded together on Monday in two regional pacts to coordinate gradual…
UK Prime Minister, Boris Johnson Tests Negative For Coronavirus
UK Prime Minister, Boris Johnson has tested negative for coronavirus before being discharged from hospital on Sunday, a government spokesman…
Coronavirus: Amazon To Add 75,000 More Jobs
Amazon.com Inc said on Monday it plans to hire 75,000 more people for jobs ranging from warehouse staff to delivery…
Ford expects $600 million first-quarter loss due to coronavirus
Ford Motor Co (F.N) said on Monday it expects to post a pre-tax loss of about $600 million for the…
Why The Next 4 Weeks Could Be Lethal For The Stock Market
The approaching earnings season is going to plain old suck, no thanks to the coronavirus. Just take a gander at…