If you're following the news, you're well aware that the impact of COVID-19 stretches far beyond the realm of healthcare; the outbreak is also battering the U.S. economy and forcing millions of Americans out of a job. The crisis has also hit small businesses hard, forcing many t
Stock futures were pointing to a lower open Wednesday morning. Bank of America stock was falling after reporting earnings, while UnitedHealth was rising.
Throughout the country, millions of Americans are under stay-at-home orders and businesses have been forced to close in an effort to stop the spread of the coronavirus, COVID-19. Obviously, this is having a major economic effect and has left many Americans worried about their fi
Africa is expected to reverse an economic contraction linked to fallout from the COVID-19 pandemic next year, according to the International Monetary Fund, but the impact will be felt for years to come.
Japan urged its citizens on Wednesday to stay home, as media reports warned that as many as 400,000 of them could die of the coronavirus without urgent action, and Prime Minister Shinzo Abe came under pressure to hand out more cash.
The Food and Drug Administration (FDA) made numerous drug approval decisions in the first quarter. These binary events can cause stock prices to skyrocket or plummet depending on the outcome.
UnitedHealth Group Inc, the largest U.S. health insurer, on Wednesday beat quarterly profit expectations, boosted by strength across its businesses, and maintained its 2020 outlook while it continues to assess the impact of COVID-19.
The stock market is going through its first bear market in more than a decade, and investors have felt the pinch in their portfolios. Even Warren Buffett hasn't been immune from the economic impacts of the coronavirus pandemic, as his Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.
COVID-19 has spurred an economic crisis as well as a health-related one. To help address the former, in late March, a $2 trillion economic stimulus package was signed into law that includes, among other provisions, a one-time $1,200 payment for eligible Americans whose income fa
Shares of Tesla (NASDAQ: TSLA) have been surging again. After skyrocketing to an all-time high of about $969 earlier this year, the electric-car maker's stock cratered along with the broader market during the coronavirus sell-off. Shares fell to around $360. But the stock has be
Saudi Aramco has offered oil refineries in Asia and Europe the option to defer payments for crude cargo deliveries by up to 90 days as plants struggle with shrinking demand, refining industry sources said.
The European Union's next long-term budget will raise funds to sponsor economic recovery after the coronavirus pandemic, the heads of the bloc's Brussels-based institutions said on Wednesday.
(RTTNews) - Asian stocks fell broadly on Wednesday after the International Monetary Fund (IMF) said the global economy will likely contract by about 3 percent in 2020 amid the spread of the coronavirus, officially known as Covid-19.
Credit Suisse has lost a bid to block an auditor appointed by Switzerland's financial supervisor as part of its probe into the bank's spying scandal, court documents show, with judges ruling the Swiss bank's objections were unfounded.
Most Gulf indexes slipped on Wednesday due to a warning that the global economic downturn could be at its worst since the Great Depression of the 1930s, underlining the economic damage already done by COVID-19.
Taiwan waded into the hotly contested politics of the Pacific on Wednesday, donating face masks and thermal cameras to its four diplomatic allies there to combat the coronavirus in a region where China is challenging traditional power the United States.
(RTTNews) - Social networking giant Facebook (FB) has been trading higher after its shares touched 52-week low of $137.1 on March 18. The stock has gained nearly 30% in less than a month. FB recorded a 52-week high of $224.2 on January 29 this year.
India has agreed to sell hydroxychloroquine tablets to Malaysia for use in the treatment of COVID-19 patients, a Malaysian minister told Reuters on Wednesday, with New Delhi partially lifting its bar on exports of the anti-malarial drug.
Online gambling firm 888 Holdings on Wednesday flagged growing risks of gambling-related harm as more stuck-at-home Europeans bet online amid nationwide lockdowns to curb the spread of the coronavirus.
British asset manager Jupiter Fund Management said on Wednesday its assets under management fell 18.3% in the quarter to end-March as fears over the coronavirus pandemic rattled financial markets.