In the Great Recession, IT hardware was the focus of corporate technology budget cuts. Now, with software grown to half of enterprise IT, it's no sure thing it will emerge unscathed from the coronavirus.
Hasbro reported its first-quarter earnings Wednesday, telling investors that it has a solid financial footing and is cutting costs as it prepares to meet the seasonal demand that comes in the second half of the year.
The "balance between predictability, transparency" and investment optimization is key in oil-based ETFs, says Jason Bloom, who oversees the Invesco Oil Fund.
Artificial intelligence has been hailed as a monumental technology that will change the world, but coronavirus is showing that it is still in its infancy.
"Nio hasn't lowered its annual forecast as a result of the virus," CEO William Li said, according to a CNBC translation of his Mandarin-language remarks.
Since being put on the U.S. blacklist, Huawei has focused more on China and increased its smartphone market share at the expense of rivals like Xiaomi and Oppo. That has hurt Qualcomm.
Barclays on Wednesday reported a 42% fall in first-quarter net profit year-on-year and took a £2.1 billion ($2.62 billion) credit impairment charge due to the coronavirus pandemic.
Italy's credit rating has been downgraded to one notch above junk level by Fitch ratings agency as the coronavirus hurts Italy's already fragile economy further.
Internationally-acclaimed pianist Lang Lang has told CNBC that the last two months have been "very, very tense," as China and the rest of the world have responded to the coronavirus.