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Coronavirus hopes, healthcare sector lift stocks
Wed, 08 Apr 2020 17:49:34 -0400 - Wall Street rallied back Wednesday with healthcare stocks leading the way after Bernie Sanders dropped out of the 2020 race and investors were encouraged by positive statements on the coronavirus outbreak. Conway G. Gittens has the day's wrap up.
Time to buy video conferencing stocks: advisor
Wed, 08 Apr 2020 15:29:09 -0400 - Gerber Kawasaki's Ross Gerber recommends buying stocks of video conferencing startups like Slack and Zoom over tech titans Microsoft and Cisco as people stay at home amid the lockdown.
Zoom sued over privacy, security flaws
Wed, 08 Apr 2020 10:40:19 -0400 - Zoom Video Communications was slapped with a class action suit by one of its shareholders Tuesday, accusing the video-conferencing app of overstating its privacy standards and failing to disclose that its service was not end-to-end encrypted. Fred Katayama reports.
OPEC may slash oil output, if U.S. plays ball
Wed, 08 Apr 2020 12:02:22 -0400 - OPEC nations may agree to slash oil output on Thursday, but sources say a deal could hang on whether the U.S. curbs its production too.
Tesco warns coronavirus costs could top $1 billion
Wed, 08 Apr 2020 08:38:19 -0400 - Britain's biggest retailer Tesco has estimated that the lockdown will cost the firm up to 925 million pounds, the equivalent of 1.1 billion U.S. dollars. Joe Davies reports.
Stocks slide as hopes for virus crisis exit fade
Wed, 08 Apr 2020 07:30:20 -0400 - Global stocks turned negative again Wednesday as hopes waned for an early end to the global crisis in key markets. Julian Satterthwaite reports.
Tesla set to furlough workers and cut salaries
Wed, 08 Apr 2020 05:54:19 -0400 - Tesla told employees on Tuesday the company will furlough all non-essential workers and implement salary cuts as part of a continued shutdown of the company's U.S. production facilties. Gloria Tso reports.
Destination Space: The big three
Wed, 08 Apr 2020 03:51:43 -0400 - From Virgin Galactic's spacewear to SpaceX's NASA contracts, here’s a rundown of the three main companies who are leading the race to commercialize space.
A ski town key to COVID-19 antibody testing?
Tue, 07 Apr 2020 18:21:19 -0400 - Tucked away in Colorado is a community of 8,000 that one U.S. biotech company is using as a prototype for coronavirus antibody testing, that could be crucial as the U.S. fights the spread of the contagion. Gavino Garay has more.
Stocks erase stellar gain to close lower
Tue, 07 Apr 2020 18:25:19 -0400 - The Dow gave up a more than 900-point rally to close the day lower in volatile trade. Conway G. Gittens has the numbers.
Too early to call a bottom: analyst
Tue, 07 Apr 2020 15:35:06 -0400 - Stocks historically spend some time churning before they mark a bottom, notes DataTrek Research co-founder Nick Colas. The cavalry came early when policymakers approved stimulus measures, but the battle isn't over yet, he adds.
Walgreens to launch 15 mobile coronavirus testing sites
Tue, 07 Apr 2020 13:05:20 -0400 - Walgreens Boots Alliance is launching 15 'drive thru' coronavirus testing sites in the U.S. The tests are able to produce results in a matter of minutes. Conway G. Gittens has the details.
Breakingviews TV: Bank payouts
Tue, 07 Apr 2020 13:55:55 -0400 - Big U.S. banks haven't followed lenders elsewhere by cutting their sacred dividends – but JPMorgan boss Jamie Dimon suggested on Monday they could. There's no reason they'd need to, but there's something to be said for cutting from a position of strength, John Foley argues.
Exxon cuts capital spending by 30%
Tue, 07 Apr 2020 12:44:19 -0400 - Exxon Mobil Corp throttled back a multi-year investment in shale, natural gas and deep water oil production Tuesday. As Fred Katayama reports, the largest U.S. oil producer said it will cut planned capital spending by 30% this year as the coronavirus pandemic saps energy demand.
Travel slump could cost 25 million jobs - IATA
Tue, 07 Apr 2020 13:29:20 -0400 - The global travel slump could cost 25 million jobs worldwide according to air travel industry body IATA. Julian Satterthwaite reports.
Britain's supermarkets fear they'll struggle to meet demand
Tue, 07 Apr 2020 11:57:19 -0400 - Britain's big supermarkets fear they won't be able to supply the country's 60 million people without longer opening hours or a relaxation of social distancing rules introduced to curb the spread of the coronavirus. Ciara Lee reports
Pandemic isn't a boon for meal delivery firms
Tue, 07 Apr 2020 11:58:19 -0400 - The coronavirus pandemic isn't a recipe for success for the Uber Eats and Just Eat of the world. As Fred Katayama reports, restaurant closures and the rise of home-cooked meals are hurting the sector.
Wall St soars on hopes of slowing coronavirus deaths
Mon, 06 Apr 2020 16:02:29 -0400 - U.S. stocks rocketed higher on Monday, in the biggest gains in nearly two weeks, after a fall in the daily death toll in New York - - the country's biggest coronavirus hot spot - - fueled optimism the pandemic is leveling off in major global cities. Conway G. Gittens reports.
Zoom shares get whacked over privacy concerns
Mon, 06 Apr 2020 13:03:29 -0400 - Shares of video conferencing company Zoom fell Monday and have lost one-third of their value since hitting a record in late March as investors grow weary of security and privacy concerns. Conway G, Gittens has the story,
Stocks fall on fading hopes for virus crisis exit
Wed, 08 Apr 2020 05:20:21 -0400 - Global stocks turned negative again Wednesday as hopes waned for an early end to the global crisis in key markets.


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