April 16, 2020

Gilead surges after report suggests COVID-19 patients responding to remdesivir

Shares of Gilead Sciences Inc soared 15% on Thursday after a media report suggested that severe COVID-19 patients were positively responding to the drugmaker’s experimental treatment […]
April 16, 2020

Fed’s Bostic: U.S. small business may need up to $500 billion monthly in support through crisis

U.S. small businesses may need up to $500 billion a month to ensure their survival through the coronavirus crisis, the head of the Atlanta Federal Reserve […]
April 16, 2020

U.S. loan program hits $350 billion cap leaving thousands of small businesses adrift

A $350 billion emergency U.S. loan program to help small businesses keep workers on their payrolls amid the novel coronavirus disruption has run out of funds, […]
April 16, 2020

Coronavirus set to usher in big changes at U.S. offices

The novel coronavirus may do to U.S. office rentals what e-commerce did to malls, or so goes a line of thinking running through commercial real estate […]
April 16, 2020

Facebook to notify users who have engaged with harmful COVID-19 posts

Facebook Inc said on Thursday it would start notifying users who had engaged with false posts about COVID-19 which could cause physical harm, such as drinking […]
April 16, 2020

Wall Street rises as Amazon and Netflix hit record highs

U.S. stocks rose on Thursday as Amazon.com Inc and Netflix Inc surged to record highs, although trading was choppy as investors worried about the impact of […]
April 16, 2020

Neiman Marcus skips debt payment as potential bankruptcy looms

Neiman Marcus Group skipped a debt payment due this week, the latest sign of a cash crunch pushing the U.S. luxury department store chain to the […]
April 16, 2020

Oil little changed, U.S. ties 18-year low after OPEC cuts demand forecast

Oil prices were mixed on Thursday, as Brent crude rose modestly while U.S. futures ended unchanged at an 18-year-low after some European countries said they would […]
April 16, 2020

Bleak jobs data keeps dollar at one-week high

The dollar hit a one-week high on Thursday as investors fled to safe-haven assets following the release of weekly U.S. jobless data which showed a record […]
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