(Bloomberg) -- The death toll from the new coronavirus reached 50,000 in the U.S., now the epicenter of the global outbreak. The World Health Organization formed an international alliance to ensure that Covid-19 vaccines and treatments are distributed fairly.The U.S. Food and Drug Administration warned patients about taking malaria medications touted by President Donald Trump. The president now claims he was being sarcastic on Thursday when he suggested that injecting disinfectants might ward off the coronavirus.Spain and Italy had their fewest deaths in five weeks, and new cases in Singapore dropped below 1,000 for the first time in five days. Russia reported the most new cases since April 19, and Germany had its worst day in almost a week.Key DevelopmentsVirus Tracker: Cases top 2.7 million; deaths exceed 191,000Pence says outbreak could be over by Memorial DayEurope grapples with lockdowns as cases drop and economies reelMnuchin asks for equity stakes in exchange...
Facebook announced on Friday that it will introduce a free video chatting service amid the coronavirus pandemic. Yahoo Finance’s Dan Howley and Seana Smith break down the details. ...
Wall Street looks vulnerable to another pullback here as the post-Covid-19 rebound capped out near a 50% retracement of the initial selloff and has been sliding sideways for weeks. To be sure, there are plenty of things to be worried about: Evidence of a prolonged economic shutdown, chaos in the energy markets, and concerns a quick fix for Covid-19 is not forthcoming. None of this has helped the energy stocks.As a result, a number of dividend stocks look vulnerable here as a prolonged economic disruption increases the likelihood of payout cuts and further selling pressure.Here are four I think investors should avoid at all costs:InvestorPlace - Stock Market News, Stock Advice & Trading Tips * Royal Dutch Shell (NYSE:RDS-A) * Petrochina (NYSE:PTR) * Total SA (NYSE:TOT) * BP(NYSE:BP)Now let's delve into exactly what makes each of these energy stocks a bad pick right now. Dividend Energy Stocks at Risk: Royal Dutch...
President Donald Trump on Friday threatened to block federal aid for the U.S. Postal Service unless it raises shipping rates for online companies like Amazon.com, prompting criticism that the move would hurt consumers relying more than usual on packages during the coronavirus outbreak. The president has long accused the post office of charging too little for packages, saying that deliveries for Amazon and others cost the service money. Amazon founder and CEO Jeff Bezos owns the Washington Post newspaper, which Trump has accused of unfair coverage of his administration....
German airline Lufthansa is seeking a loan of 290 million euros ($313.08 million) loan from the Belgian government to avoid the bankruptcy of its Belgian subsidiary Brussels Airlines, Belgian broadcaster LN24 said on Friday. The Belgian government declined to comment. Almost all of Lufthansa's flights have been grounded by the coronavirus outbreak....
