U.S. stock index futures jumped nearly 4% on Monday after President Donald Trump expressed hope that the coronavirus health crisis was “leveling-off” in some of the hardest-hit U.S. states.
Drugmakers across the globe are rushing to develop a treatment or vaccine for the fast-spreading coronavirus that has killed over 68,400 people globally. There are currently no approved treatments for the disease. Initial focus will be to accelerate development of Vir’s investigational treatments, VIR-7831 and VIR-7832, the companies said. …read more […]
Even under a severe scenario, the bank will end the year with a strong liquidity position. …read more […]
(Bloomberg) — Jamie Dimon said the coronavirus pandemic will lead to a major economic downturn and stress mirroring the meltdown that nearly brought down the U.S. financial system in 2008.“At a minimum, we assume that it will include a bad recession combined with some kind of financial stress similar to the global financial crisis of 2008,” the chief executive officer of JPMorgan Chase & Co. said Monday in his annual letter to shareholders. “Our bank cannot be immune to the effects of this kind of stress.”The 23-page letter, his shortest since 2008, came less than a week after Dimon told …read more […]
‘I am hoping that civility, humanity, empathy and the goal of improving America will break through. We have the resources to emerge from this crisis as a stronger country,’ writes Jamie Dimon in his annual letter. …read more […]
Fifteen (15) severely ill COVID-19 patients have been treated under an EIND; 7-day results from the first four patients are available and are very promising; 7-day results for the first 10 patients will be available […]
JPMorgan Chase & Co could consider suspending dividend for 2020 due to the ongoing coronavirus crisis, Chief Executive Officer Jamie Dimon said on Monday, even as the bank rolled out relief measures for customers and small businesses.
Kenya’s leading telecom firm Safaricom and South Africa’s Vodacom said on Monday that they had completed the acquisition of popular mobile money platform M-Pesa from Britain’s Vodafone .
The coronavirus pandemic leaves the future of stock buybacks in serious question. …read more […]
Saudi Arabia and Russia are close to a deal on oil output cuts to reduce a global glut, a top Russian oil negotiator said on Monday, but details such as how to share out production curbs remained unclear ahead of talks planned for later this week. A supply deal between OPEC, Russia and other producers, a group known as OPEC+, that had propped up oil prices for three years collapsed in March, while the coronavirus hammered demand. Riyadh and Moscow blamed each other for the failure and launched a battle for market share, sending oil prices to their …read more […]
Market forces rained on the parade of StoneCo Ltd. (NASDAQ:STNE) shareholders today, when the analysts downgraded… …read more […]
Mandatory coronavirus quarantines of seasonal foreign workers in Canada could hurt that country’s fruit and vegetable output this year, and travel problems related to the pandemic could also leave U.S. farmers with fewer workers than usual.
BMW is expecting a further decline in global demand as the coronavirus outbreak takes its toll, a spokesman said on Monday, after the German carmaker reported a 20.6% drop in first quarter sales to 477,111 vehicles.
Top news and what to watch in the markets on Monday, April 6, 2020. …read more […]
Apr.06 — European Banking Authority Chairman Jose Manuel Campa discusses efforts by regulators and central banks to help lenders weather the fallout from the coronavirus so that they can issue loans to individuals and smaller businesses. “Now is the time to focus on providing lending to the economy,” He said on “Bloomberg Markets: European Open.” …read more […]
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