Canada's financial regulator is reducing the amount of capital lenders must hold to guard against risks to the lowest level on record, it said on Friday, as part of a series of measures to help gird against the economic impact of the COVID-19 pandemic.
Economic turmoil sparked by the global coronavirus outbreak threatens to hamstring Mexican growth in 2020 and deepen a recession that started last year, analysts forecast on Friday.
As global makers of household cleaners race to pitch their products as coronavirus killers, one major company, Reckitt Benckiser, may have a leg up on the competition.
The U.S. Federal Aviation Administration (FAA) said on Friday it has begun a probe following an in-flight incident involving an older 737 aircraft manufactured by Boeing Co and flown by Southwest Airlines.
Investors are not taking kindly to Tilray's (NASDAQ: TLRY) latest effort at raising capital. The company's stock saw a steep decline of 32% on Friday after announcing a new share issue.
What happened
Shares of Teledoc (NYSE: TDOC), a telehealth provider, jumped on Friday. Shares surged as much as 19% but finished the trading day up 7.7%.
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.
Stemline Therapeutics (STML) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.39. This compares to loss of $0.92 per share a year ago. These figures are adjusted for non-recurring items.
What happened
Shares of club-warehouse retailer Costco Wholesale (NASDAQ: COST) jumped on Friday. Shares surged as much as 8.4% and closed the trading day up 8%.
The coronavirus outbreak has pushed major U.S. indices into the bear territory, ending their extended bull run. In fact, the Dow declined 9.99% on Mar 12, marking the largest single-day percentage decline since the 1987 stock market crash. Declining a respective 9.5% and 9.4% on
Microsoft Corp co-founder Bill Gates, who made the company one of the world's most valuable technology firms, stepped down from the board on Friday to focus on philanthropic works related to global health, education and climate change.
Shares of Verizon VZ popped after the market fought back from another brutal week on Friday. This climb came after the Dow drop 10% on Thursday alone, for its worst day since 1987. Despite the volatility, it might be time for investors to think about buying Verizon stock for its
A gauge of stocks across the globe bounced back on Friday led by a late rally on Wall Street, after U.S. President Donald Trump freed $50 billion to tackle the novel coronavirus pandemic.
Lincoln National Corp. LNC, with exposure to life insurance, annuities and retirement business, has come under pressure from the ongoing market volatility caused by coronavirus fears.
The race to acquire U.S. TV station operator Tegna Inc hinges not just on the price suitors are willing to pay, but also on how much they may give up in terms of assets to win regulatory approval, people familiar with the matter said.
The quickly unfolding coronavirus outbreak is an extreme case, but any sort of hard times will test our personal finances. Many people are now facing reduced work hours and income…