New U.S. confirmed coronavirus cases topped 92,000 this week, according to data by Johns Hopkins University. Yahoo Finance’s Anjalee Khemlani breaks down the latest outbreak of COVID-19 cases and the FDA’s decision to approve Moderna’s phase 2 trial of its coronavirus vaccine....
The Federal Motor Carrier Safety Administration has published a new document to help carriers that want to voluntarily revoke an operating authority registration if they temporarily suspend operations. ...
(Bloomberg) -- Turkish regulators banned local banks from trading with Citigroup Inc., UBS Group AG and BNP Paribas after currency interventions and a stiff new raft of anti-manipulation rules failed to stem the Turkish lira’s slide to a record low.President Recep Tayyip Erdogan has laid the blame for the lira’s decline on foreign speculators, and the tough new rules unveiled Thursday by the banking regulator run the risk of making the nation’s currency and swaps market even less liquid.The lira erased its losses after authorities banned trading the currency with three of the world’s biggest banks, saying they had failed to meet their lira liabilities.UBS declined to comment. A BNP representative was not immediately in a position to comment. Edwina Frawley-Gangahar, a spokeswoman for Citigroup in London, didn’t immediately comment.The regulations -- which coincided with a state news report about a possible lawsuit against unnamed London firms -- may further deter...
Yahoo Finance’s Brian Sozzi and Alexis Christoforous break down the market action for Moderna, after the company announced it received FDA clearance for its coronavirus vaccine for phase 2 trial....
"You would expect at a time like this, you have a bigger bear market, and that is why I’ve been cautious and kept a little powder dry, because there could be relapses in the market," said Mobius, founder of Mobius Capital Partners, which has $130 million assets under management. "But the way it looks now, we may be in full recovery mode," Mobius told the Reuters Global Markets Forum on Thursday, May 7, from Munich....
