President Donald Trump prepared Americans for a coming surge in coronavirus cases, calling COVID-19 a plague and saying the U.S. is facing a “very, very painful two weeks.”
Focus: Crude oil extends technical breakdown, Gold’s resilience persists, Revisiting extensive sector damage
U.S. oil dropped to an 18-year low on Monday as demand continues to evaporate, and as Saudi Arabia and other OPEC+ nations prepare to ramp up production.
Johnson & Johnson stock climbed 8% Monday after the company said human testing of its experimental vaccine for the coronavirus will begin by September
U.S. stock futures traded lower on Sunday night following sharp gains last week while the number of coronavirus cases in the U.S. keeps rising at an alarming rate.
McDonalds, Coca-Cola, Audi and Volkswagen are just a few of the corporate conglomerates that are interpreting "social distancing" with logo redesigns.
The U.S. now has more confirmed coronavirus cases than China, making it the country with the largest outbreak in the world.
The central bank chief said the Fed’s recent actions will help provide capital to businesses that need it.
Ex-Fed Chairman Ben Bernanke said the coronavirus economic halt is more like a natural disaster than an economic depression.
Apple stock dropped late on Wednesday after the Nikkei Asian Review reported that the company considered delaying its annual iPhone launch by months.
Futures contracts tied to gold popped more than 5% on Tuesday, extending gains from a near 4% surge in the previous session, after the U.S. Federal Reserve’s unprecedented measures
“Once the shorts finish covering, the demand dries up and it often leads to a sharp decline,” he said.
U.S. stock futures plunged again on Sunday night as Wall Street waits on Washington to agree to an economic stimulus and rescue plan to combat the giant economic blow from the coronavirus outbreak.
That lack of data in the U.S. is largely the result of delays in rolling out widespread testing in the early stages of the outbreak.
The number of confirmed U.S. COVID-19 cases surpassed 10,000, doubling over two days as states ramp up testing and the coronavirus sweeps across the country.
