Apple Inc and Alphabet Inc’s Google said on Friday that they will work together to create contact tracing technology that aims to slow the spread of the coronavirus by allowing users to opt into a system that catalogs other phones they have been near.
U.S. consumer prices fell by the most in more than five years in March and further decreases are likely as the novel coronavirus outbreak suppresses demand for some goods and services, offsetting price increases related to shortages resulting from disruptions to the supply chain.
The trillions of dollars in cash and loans unleashed by the Federal Reserve and U.S. political leaders in recent weeks is meant to build a financial bridge for the country to get beyond the coronavirus pandemic and restart the economy with little or no long-term damage.
President Donald Trump has “generously” agreed to cut American oil output by an additional 250,000 barrels per day to help Mexico contribute to global reductions, his Mexican counterpart said on Friday.
3M Co said it filed a lawsuit against Performance Supply LLC on Friday, alleging that the New Jersey-based company had posed as an authorized vendor of 3M-branded N95 respirators and offered millions of them for sale to New York City officials at prices as much as 600% over the list price.
Boeing is using its engineering prowess to create personal protective gear for healthcare workers as the dominant aerospace and defense company’s troubled production lines remain dormant and a majority of its workforce remains at home. …read more […]
Top oil nations were finalising a deal at G20 talks on Friday for big output cuts to lift prices slammed by the coronavirus crisis with Russia and Saudi Arabia taking a lion’s share and signs the United States might take unprecedented moves to help.
Airbus has shelved plans to add a French assembly line for its A321neo just 10 weeks after the expansion was launched, as the coronavirus fallout spreads to its best-selling jetliner.
U.S. President Donald Trump spoke with Russian counterpart Vladimir Putin on Friday about the coronavirus and energy markets, the White House said.
(Bloomberg) — Global oil demand is being destroyed as the coronavirus forces people around the world to remain indoors and avoid all unnecessary travel.Currently, between a third and a half of the world’s population are in lockdown, meaning few people are driving, flying or doing much that would require the use of crude or its derivatives.The ramifications for the oil market are huge, with refiners, producers and even petrostates all facing uncertain futures. The most immediate set of data from America starkly illustrated the impact. On Wednesday, the U.S. Energy Information Administration reported U.S. drivers consumed the least gasoline for …read more […]
Regular readers will know that we love our dividends at Simply Wall St, which is why it’s exciting to see AbbVie Inc… …read more […]
Russian President Vladimir Putin and U.S. President Donald Trump, in a phone call on Friday, discussed a potential global deal on oil production cuts by the group known as OPEC+, the Kremlin said.
Turkey has held talks with the United States about possibly securing a swap line from the U.S. Federal Reserve and has discussed other funding options to mitigate fallout from the coronavirus outbreak, Turkish officials said on Friday.
Exactly three years ago United Airlines (NASDAQ:UAL) violently removed a passenger from an overbooked flight, dragging him through the plane’s aisle while the man was screaming in protest. Blood was coming out of the man’s mouth. I embedded the video below. Was it that passenger’s fault that United Airlines sold more tickets than the number […] …read more […]
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