(Bloomberg) -- Global coronavirus cases topped 5 million, doubling in the past month, and infections rose at a record pace in Brazil and Indonesia. AstraZeneca received $1.2 billion in U.S. funding to develop a vaccine, while CanSino Biologics signed a deal to test and sell a Canadian vaccine candidate.The U.K. agreed a deal to acquire antibody tests, a boost to Prime Minister Boris Johnson as he tries to ease the country back to normality. U.S. President Donald Trump suggested Chinese leader Xi Jinping was behind a “disinformation and propaganda attack,” and is set to tour Ford’s ventilator facility.More than 2 million Americans applied for unemployment benefits last week, indicating major job losses are continuing. The U.S. Transportation Security Administration has started making changes to airport screening, and EasyJet plans to resume flights from some European airports in June.Key Developments:Virus Tracker: Cases reached 5 million; deaths exceed 328,000Why a new cluster in...
Many consumers raised concerns that iPhones Face ID did not recognize users while wearing a mask in order to help stop the spread. Yahoo Finance's Tech Editor Dan Howley shares the details on the Apple update to fix the problem. ...
Technology is one of the best-performing sectors, again, this year and remains at the epicenter of disruption. Some exchange traded funds better capture that disruption. That includes the SPDR FactSet Innovative Technology ETF (NYSE: XITK).What To KnowXITK is over 4 years old, but toils in relative anonymity, though that shouldn't be the case. After adding nearly 2% on Wednesday on its way to an all-time high, the fund is higher by 20% over the past month.The $89.47 million ETF follows the FactSet Innovative Technology Index, which isn't a traditional technology benchmark. The index specifically targets names the provider deems to be part of innovative segments."Innovative segments of the Technology sector and Electronic Media sub-sector to be those with the highest revenue growth and believes that these companies are often involved in cutting edge research, innovative product and service development, disruptive business models, or a combination of these activities," according to State...
In the week ending May 16th, another 2.4 million Americans filed for unemployment benefits. Yahoo Finance's Emily McCormick joins The First Trade to discuss jobless claims, in addition to Best Buy and TJX earnings reports. ...
