Business & Finance News
The U.S. House of Representatives overwhelmingly approved a $484 billion coronavirus relief bill on Thursday, funding small businesses and hospitals and pushing the total spending response to the crisis to an unprecedented near $3 trillion.
A preliminary survey of New York state residents found that nearly 14% of those tested had antibodies against the novel coronavirus, suggesting that some 2.7 million may already have been infected, Governor Andrew Cuomo said on Thursday.
The U.S. House of Representatives on Thursday passed a $484 billion bill to expand federal loans to small businesses impacted by the coronavirus outbreak and hospitals overwhelmed by patients suffering from COVID-19.
Electronic brokerage TD Ameritrade Holding is restricting customers from buying new positions in certain crude oil contracts after an unprecedented sell-off that sent prices below negative-$40 on Monday, a company official said on Thursday.
The head of the United Auto Workers union on Thursday said it was “too soon and too risky” to reopen auto plants and Michigan’s economy in early May, citing insufficient scientific data and coronavirus testing to assure workplaces are safe.
There is “substantial doubt” about Avianca Holdings’ ability to stay in business due to the coronavirus crisis, the Colombian airline reported on Thursday, citing the conclusion of its financial auditors.
The U.S. House of Representatives looked poised to pass a $484 billion coronavirus relief bill on Thursday, funding small businesses and hospitals and pushing the total spending response to the crisis to an unprecedented nearly $3 trillion.
The U.S. Centers for Disease Control and Prevention (CDC) on Thursday reported 828,441 cases of the novel coronavirus, an increase of 25,858 from its previous count, and said the number of deaths had risen by 1,804 to 46,379.
The U.S. House of Representatives was poised on Thursday to pass a $484 billion coronavirus relief bill, funding small businesses and hospitals and pushing the total spending response to the crisis to an unprecedented nearly $3 trillion.
Intel Corp forecast current-quarter profit below analysts’ estimates on Thursday as the semiconductor industry deals with slack demand due to massive shutdowns from the coronavirus outbreak, sending the chipmaker’s shares down 6% in extended trading.
The S&P 500 ended marginally lower on Thursday after a report that an experimental antiviral drug for the coronavirus flopped in its first randomized clinical trial, denting earlier optimism that the impact of the pandemic on the labor market was nearing an end.
U.S. coronavirus deaths topped 49,000 on Thursday as the number of lives lost in April rises by an average of 2,000 a day, according to a Reuters tally.
New York Governor Andrew Cuomo said on Thursday a preliminary survey found that nearly 14% tested positive for antibodies against the novel coronavirus, suggesting that as many as 2.7 million New Yorkers may have been infected with the disease.
An array of businesses prepared on Thursday to reopen in Georgia and a handful of other U.S. states for the first time in a month, as another week of massive unemployment claims highlighted the grim economic toll of the coronavirus pandemic.
A Tyson Foods Inc unit said on Thursday it will temporarily halt production at a beef facility in Pasco, Washington, adding to the meat processing plant the company has had to shutter as it tests workers for COVID-19.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
