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Stories about Finance

Apr 18 2020

Stock market takes a sharp upturn after coronavirus drug shows promising results

GlobalData suggested recently that remdesivir's antiviral mechanism means it "has the potential to decrease viral load in less-severe patients" with COVID-19, but that in...

Apr 17 2020

Trump Says Worst of New Coronavirus Cases Behind the US

Donald Trump said at his daily briefing that data indicates the U.S. is "past the peak" of the Covid-19 epidemic, clearing the way for his plans to roll out guideline...

Apr 16 2020

Wall Street tumbles on lackluster earnings, economic data

Hong Kong shares were little changed after reopening from a holiday. After market close, the U.S. Treasury announced preliminary agreements to provide at least 10 U.S. ...

Apr 16 2020

U.S. Meat Supply Is 'Perilously Close' To A Shortage, CEO Warns

While the increasing number of coronavirus cases at the plant forced it to shut down , South Dakota is one of seven USA states without a statewide stay-at-home order...

Apr 15 2020

What U.S. States Plan to Ease Coronavirus Lockdown Restrictions?

Visit Business Insider's homepage for more stories . On Monday , Newsom said he will work with the governors of OR and Washington on a plan for the "incremental rele...

Apr 14 2020

Ontario reporting 421 new confirmed cases of COVID-19 today

A key target group will be residents in long-term care facilities. Ontario is reporting another six per cent increase in lab-confirmed cases of COVID-19, or 421 more ...

Apr 14 2020

US Postal Services says it could run out of money by October

Rain or snow, the mail must go through, but will the U.S. Postal Service survive the coronavirus pandemic? Postmaster General Megan Brennan stated that the compan...

Apr 14 2020

OPEC to reduce oil production

A 15 per cent cut in supply might not be enough to arrest the price decline, banks Goldman Sachs and UBS predicted last week, saying Brent prices would fall back to $20 U...

Apr 13 2020

BC reports 40 new COVID-19 cases, five new deaths

Two new sites are up and running in the event of a surge in cases. In the leadup to the Easter long weekend, health officials have been imploring British Columbians to ...

Apr 11 2020

OPEC and allies agree on record oil cut

In addition to members of the Organization of Petroleum Exporting Countries (OPEC), OPEC+ also includes Russia , Azerbaijan, Kazakhstan, Mexico, Malaysia and other count...

Apr 10 2020

European Union talks for coronavirus rescue package stall after 16 hours

Estimated to bring the EU's total fiscal response to the epidemic to €3.2 trillion, the package has controversial elements that laid bare the deep divisions among Euro...

Apr 09 2020

Stocks open higher, Dow and Nasdaq both up 1.1%

Governor Andrew Cuomo said NY, the epicenter of the virus in the United States , was nearing a plateau in the number of patients hospitalized. Sentiment also got a lif...

Apr 09 2020

Saudi Arabia-Russia oil talks delayed

The effects of the coronavirus pandemic have prompted investment banks and commodities traders to repeatedly slash their forecasts for global oil demand. Iranian Oi...

Apr 08 2020

Tesla shows off its COVID-19 ventilator made from Model 3 parts

Tesla has released a video that shows prototypes for a ventilator it's working on that was designed with auto parts. "Nobody can make you a ventilator right now in two...

Apr 07 2020

Amazon comes into contact with coronavirus testers when planning a pandemic response

The report says Amazon expects nearly $100 million loss in revenue that could go up to $300 million in the worst-case scenario due to excess unsold devices that might now...

Apr 06 2020

American farmers dump milk amid Covid-19 crunch

Some Wisconsin dairy farmers have been asked by their processors to withhold delivery of milk, resulting in the need for milk or milk/manure mixtures to be applied to cro...

Apr 06 2020

Ryanair Traffic Fell By Almost 50% In March

The 300 million euro exceptional charge it will take for 2020 relates to the ineffectiveness on its 2021 fuel hedges. It has already implemented several measures to cut...

Apr 03 2020

Trump expects Saudi, Russian oil production cuts after phone call

The US president tweeted "I expect & hope" the two countries would agree to cut supply by 10 million barrels "and maybe substantially more". Saudi Arabia is only a coup...

Apr 02 2020

Dow Jones falls about 800 points upon opening

The final test comes from the evolution of the coronavirus itself. The Fed has promised to buy as many Treasuries as it takes to get lending markets working smoothly ...

Apr 02 2020

Crude Oil Slumps Back Near 18 Year Lows

Oil prices fell on Monday, with USA prices briefly dropping below $20 a barrel and global benchmark prices for Brent oil falling to an 18-year low. According to th...