KEY POINTS Vice President Mike Pence said on Friday that the United States is expected to have an antibody test “very soon” that will determine whether somebody has been exposed to the coronavirus. “Very soon, we will have an antibody test,” he said, “and Americans
KEY POINTS President Donald Trump said on Friday that he will not reopen the economy “until we know this country is going to be healthy.” Singapore reported 198 additional cases of Covid-19, taking its tally to 2,108 with six deaths as of Friday noon, according to the country’s
KEY POINTS Vice President Mike Pence said on Friday that the United States is expected to have an antibody test “very soon” that will determine whether somebody has been exposed to the coronavirus. “Very soon, we will have an antibody test,” he said, “and Americans
KEY POINTS The draconian curbs on movement and the closure of most shops and businesses across Italy were imposed on March 9, and were scheduled to expire on Monday. “This is a difficult but necessary decision for which I take all political responsibility,” Conte told
KEY POINTS Chamath Palihapitiya, founder and CEO of investment firm Social Capital, said the U.S. shouldn’t be bailing out billionaires and hedge funds during the coronavirus pandemic. Palihapitiya added that he was concerned that the Federal Reserve’s plans to support to economy during COVID-19 is
Oil prices turned negative, giving back a more than 12% gain, as the Street awaited details on production cuts from OPEC and its allies, known as OPEC+. Producers were reportedly amenable to scaling back production in an effort to prop up falling oil prices, although
The Dow Jones Industrial Average rallied on Thursday, wrapping up its best week in more than 80 years, after the Federal Reserve gave more details on how it will support the economy amid the coronavirus pandemic. The Dow jumped 503 points, or 2.1%. The S&P 500 gained 2.2% while the Nasdaq
KEY POINTS Exxon is cutting its capital spending by 30% as the coronavirus pandemic continues to hammer oil prices. The company is “committed to maintaining” its dividend, CEO Darren Woods said Tuesday on CNBC’s “Squawk Box.” Shares of Exxon gained 1.9% on Tuesday, but are