According to some estimates, the oil industry owes at least $200 billion to lenders, with the loans backed by oil and gas reserves. Many companies will not be able to pay off. Therefore, banks will manage their assets until the situation improves.
Pfizer had initially planned to enter clinical trials for its coronavirus drug by the end of the year. Now it hopes to start the trials in the third quarter. Pfizer shares price is rising.
While the Americans are losing millions of jobs over the last few weeks, Walmart is on a hiring spree looking to hire 150,000 employees on a temporary basis. Meanwhile, WMT stock remains practically at the same level.
The meeting between OPEC and its allies OPEC+ lasted more than nine hours and the agreement on oil production cut was finally reached.
European finance ministers have agreed to implement a €540bn economic package for countries hit hard by the coronavirus pandemic. The measures will help governments cover healthcare costs but also will support businesses.
U.S. stocks soared on Thursday to post their best week of gains since 1974, extending a remarkable rally despite evidence of increasing economic strain due to the coronavirus pandemic.
According to the Federal Reserve, Wells Fargo will take part in the recently released programs without having the balance sheet count against the $1.95 trillion cap the bank has.
Amazon (AMZN) stock price traded 8.44% higher today than four months ago. The company has seen a surge in its operation amid the coronavirus crisis, pushing the executives to implement more measures to protect employees from the coronavirus.
Federal Reserve will spend $2.3 trillion on loans for households, small and medium-sized businesses with up to 10,000 employees and less than $2.5 billion in revenues for 2019.
As the need for telemedicine options increase amid the coronavirus crisis, telehealth stocks are predicted to significantly benefit from the change.
Former Bakkt CEO and current Georgia Senate representative Kelly Loeffler, together with her husband, decided to liquidate all their shares to save her sinking re-election bid.
Ford (F) stock price rose 7% yesterday but is still the lowest since 2009. The entire automobile industry should expect a 50% plunge in car sales in Q2 2020.
Gilead Sciences (GILD) stock is on its way to a big jump with interesting returns for investors if all efforts, including drug trials, prove positive.
Johnson & Johnson (JNJ) stock rose by 4.20% on April 9 to hit $143.26. The rise coincided with the positive ratings by different analysts like Citigroup. They believe the stock may reach $163.
Facebook released a new app for couples to private message each other called Tuned. It allows couples to send messages, exchange music and create a digital scrapbook.