Saudi Arabia detects 24 cases of coronavirus, bringing total to 86: SPA
Saudi Arabia detected on Friday new 24 cases of coronavirus, including 14 Egyptians, state news agency (SPA) said citing the health ministry.
Saudi Arabia detected on Friday new 24 cases of coronavirus, including 14 Egyptians, state news agency (SPA) said citing the health ministry.
Wall Street clawed back losses on Friday from its biggest declines in three decades, as investors bet on more fiscal stimulus to thwart a coronavirus-driven global recession.
As virus-wary shoppers stayed home in the United States and Europe, apparel retailers braced for a blow to sales and a potential inventory glut. Some slashed orders at garment factories while others began discounting merchandise.
Montenegro barred public gatherings, closed schools for at least two weeks and adopted an array of other measures on Friday, including a ban on arrivals of ships at its Adriatic ports, in an effort to pre-empt the onset of the coronavirus outbreak.
Bitcoin dropped below $4,000 Friday, knocking off half of its value over two days.
Trump said people with federal student debt won't have to pay interest amid the coronavirus. That means borrowers could put their payments on pause without any penalty.
Airlines are arguably the hardest hit industry due to the travel restrictions to slow down the spreading of the coronavirus.
Shares of Google parent Alphabet Inc closed up more than 9% after U.S. President Donald Trump said on Friday the search giant would create a website to help determine whether individuals need a coronavirus test or not.
American shoppers stood in long lines outside grocery stores on Friday, waiting to buy essentials like toilet paper, pasta, and bottled water, as a worsening coronavirus crisis stoked fears of shortages across the United States.
JPMorgan is the latest financial firm to report its first cases of coronavirus as Gov. Cuomo takes steps to address the pandemic.
Warren Buffett's Berkshire Hathaway Inc said on Friday that Microsoft Corp co-founder Bill Gates is retiring from the conglomerate's board of directors, and is expected to be replaced by Kenneth Chenault, who spent 17 years as chief executive of American Express Co .
The International Monetary Fund on Friday advised all staff at its Washington, D.C., headquarters to work from home until further notice after an employee was diagnosed with COVID-19, the disease caused by the coronavirus, an IMF spokesman said.
Interest rate cuts won't cure the coronavirus but investors are still hoping the Federal Reserve can take some actions to help soothe the roiled stock market.
JPMorgan Chase and Co said on Friday two employees at its headquarters in New York City have contracted the coronavirus.
The dollar surged on Friday, posting sharp gains against the safe-haven Japanese yen as stock markets recovered globally and investors cheered efforts by governments and policymakers to address the economic fallout from the coronavirus outbreak.