A JBS SA poultry plant in southern Brazil was hit by an outbreak of COVID-19, according to labor prosecutors, marking the first large-scale infection at a Brazilian meat plant.
The U.S. government is considering taking equity stakes in U.S. energy companies as it seeks to help the nation’s oil and gas sector amid the coronavirus outbreak, Treasury Secretary Steven Mnuchin said on Friday.
A nationwide business shutdown and surge in U.S. government spending will nearly quadruple the federal deficit to a record $3.7 trillion this fiscal year as the country combats the coronavirus pandemic, congressional forecasters said on Friday.
Amazon would end up stronger, not weaker, if Trump got his way and forced the postal service to raise package-delivery prices. …read more […]
President Trump offered a broadside against the Post Office on Friday. “The Postal Service is a joke” he said. The President a union that represents mail carriers appeared on Yahoo Finance a fews hours later and responded. …read more […]
Billionaire investor Carl Icahn said he expects to see “good opportunities” to buy after the historic stock market sell-off but warned there will likely be more heavy selling because the coronavirus outbreak has yet to be contained.
Wall Street rallied 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.
A nationwide business shutdown and a surge in U.S. government spending will nearly quadruple the federal deficit to a record $3.7 trillion this fiscal year, as a gyrating American economy reacts to the coronavirus pandemic, congressional forecasters said on Friday.
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 […]
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