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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.
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 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.
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.
CEO of Twitter and payments company Square, Jack Dorsey, said he is moving $1 billion of his equity in Square to fund COVID-19 relief efforts and eventually other causes.
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 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 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.
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
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
Nigeria has requested nearly $7 billion for multilateral lenders as Africa's biggest economy, already hit by tumbling oil prices, tries to tackle the impact of the coronavirus epidemic.
Samsung Electronics said on Tuesday its first-quarter operating profit likely managed to rise slightly from a slump a year earlier, as solid chip sales helped cushion the blow from the coronavirus pandemic to smartphones and TVs. Ciara Lee reports
A new streaming service called Quibi launched to housebound audiences on Monday, delivering movies, reality shows and news to mobile devices in chunks of ten minutes or less. Gloria Tso has more.
Global food security concerns are mounting as some governments contemplate restricting the flow of staple foods with around a fifth of the world’s population under lockdown to fight the widening coronavirus pandemic.
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.
FiPlan Partners CEO Greg Powell says despite the big rally in stocks on Monday, equities could still head lower because corporate earnings will be weak as the unemployment spikes.
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.