Stock futures opened lower Thursday evening, erasing gains from the regular trading session and setting up more choppy trading to end the week. …read more […]
Investors will monitor the coronavirus outbreak and existing home sales data Friday. …read more […]
ARK Invest CEO Cathie Wood joins Yahoo Finance’s The Final Round to talk her outlook for the market and the impact coronavirus on stocks. She also talks her outlook for Tesla. …read more […]
Boeing Co said on Thursday Nikki Haley, former U.S. ambassador to the United Nations, has resigned from its board, opposing the company’s move to seek financial support from the federal government amid the 737 MAX and the coronavirus crisis.
“I cannot support a move to lean on the federal government for a stimulus or bailout that prioritizes our company over others and relies on taxpayers to guarantee our financial position,” Haley said in a letter to the company’s management. “I have long held strong convictions that this is not the role of government.” When asked to respond to Haley’s concerns, Boeing said the company appreciates her service on the board and wishes her well. …read more […]
Catholics around the world joined Pope Francis in praying the rosary on Thursday night to ask God to end the coronavirus pandemic, which has killed more people in Italy than anywhere else.
The world’s richest nations poured unprecedented aid into the global economy on Thursday as coronavirus cases ballooned in the new epicenter Europe, with the number of deaths in Italy outstripping those in mainland China, where the virus originated.
Demand for U.S. meat at grocery stores will likely exceed supplies for at least another week, the chief executive of Tyson Foods Inc told Reuters on Thursday, as the coronavirus pandemic fuels panic buying among shoppers. Food manufacturers say overall meat supplies are ample to feed the millions of Americans hunkering down in their homes after state and local governments closed schools, bars and restaurants in an escalation of “social distancing” policies aimed at containing the virus. “Once we are able to replenish supplies, which is probably going to take another week or so, then I think that …read more […]
From Brazil to Norway, policymakers are leaping to defend currencies against the onslaught of the dollar which scaled three-year peaks on Thursday, raising speculation that a joint move by the world’s biggest central banks may be in the offing.
LATAM Airlines Group , South America’s largest carrier, will cut pay to its 43,000-strong workforce by 50% for three months due to economic fallout from the coronavirus outbreak, a source close to the situation told Reuters on Thursday.
Microsoft Corp’s Teams chat and conferencing app gained more than 12 million daily users in one week, a 37.5% jump as more people worked from home during the coronavirus outbreak, the company said on Thursday.
Tesla Inc has told employees it reduced the number of workers at its California vehicle factory to curb the spread of coronavirus as Chief Executive Elon Musk said the company may start producing ventilators to ease a U.S. shortage.
U.S. crude oil prices spiked by 25% on Thursday, the largest single-day gain on record, recouping some losses from three days of selling that drove the benchmark to near 20-year lows.
By Sarah Young, Costas Pitas, Giulio Piovaccari and Elvira Pollina
Brazil’s tourist hotspot Rio de Janeiro reported its first two coronavirus deaths on Thursday, bringing the country’s toll to six, as Latin America’s largest nation closed more borders to visitors and the foreign minister waded into a diplomatic spat with China.
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