The vast majority of Apple's stores outside of China have been closed since March in response to the Covid-19 pandemic. In recent weeks, a few locations have reopened in countries such as South Korea, Australia and Germany.
New York is investigating how Covid-19 impacts children after a 5-year-old boy in New York City died due to coronavirus-related complications, Gov. Andrew Cuomo said Friday.
In recent days, companies including ABC and ESPN parent Disney, Fox Corp., AMC Networks, NBCUniversal parent Comcast, ViacomCBS and Discovery reported earnings that showed how TV is trending as advertisers are pulling spend or postponing campaigns until later in the year.
The coronavirus pandemic has made an already difficult timeline for a British-European Union trade deal "virtually impossible", Ireland's foreign minister said, cautioning that he did wish to raise expectations of London seeking more time.
ING Groep NV reported a 36% fall in first-quarter pretax earnings that beat forecasts as the Netherlands' largest bank booked higher loan loss provisions but retail operations held up well.
Siemens on Friday said it expected "even stronger impacts" from the coronavirus pandemic in the weeks ahead as it ditched its 2020 guidance and posted an 18% drop in industrial profit during its second quarter.
The U.S. employment report for April is expected to be out at 8:30 a.m. ET Friday. Economists expect that more than 20 million jobs were lost last month, according to Dow Jones.
Bain predicted a full-year contraction between 20% to 35% for the personal luxury market that includes clothes, jewelry, watches, beauty products, and accessories.
A rally in bitcoin led the cryptocurrency market higher ahead of a major technical event for the digital coin and as industry participants report an increased interest from institutional investors.
U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer spoke to Chinese Vice Premier Liu He late Thursday Eastern time.
As markets begin pricing in the possibility of the Federal Reserve bringing interest rates to negative territory, JPMorgan Asset Management's David Kelly argues that such a policy move makes little sense.
The coronavirus outbreak in the Middle East is likely to remain under control despite the easing of restrictions in recent weeks, as long as strict social distancing continues to be enforced, experts told CNBC.
China is likely to use the crisis as an opportunity to raise its profile and expand its influence particularly over countries hard-hit by the pandemic, analysts say.
The health crisis hit an economy that already suffered a contraction in the final quarter of last year due to the hit on consumption from an October sales tax hike.
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