World Wrestling Entertainment, Inc. (NYSE: WWE) confirmed this weekend that an on-air talent tested positive for coronavirus (COVID-19).Fightful reported it "had been approached by nearly a dozen members of the WWE roster, and within the industry about an alleged COVID-19 positive test in WWE." Fightful eventually obtained a WWE memo that was sent out on April 5.After Fightful published its report, WWE gave a statement to Pro Wrestling Sheet:> "A WWE employee has tested positive for COVID-19. We believe this matter is low risk to WWE talent and staff, as the individual and a roommate became symptomatic in the days following exposure to two people working in acute health care on the evening of March 26, after WWE's TV production on a closed set was already complete. The employee had no contact with anyone from WWE since being exposed to those two individuals, is doing well, and made a complete recovery."The...
(Bloomberg) -- Parts of the U.S. may be ready in May to ease emergency measures taken against the coronavirus pandemic, Dr. Anthony Fauci said a day after the U.S. became the world’s epicenter for coronavirus.U.K. Prime Minister Boris Johnson was released from the hospital after being treated for Covid-19 for a week.The number of cases in Spain fell even as fatalities inched higher and Germany reported the fewest cases in five days. Europe is likely to experience a more severe recession than the rest of the world and might not show proper signs of recovery until next year, according to European Central Bank Vice President Luis de Guindos.Key DevelopmentsCoronavirus Tracker: Global cases exceed 1.79 million; deaths top 110,000U.S. deaths reach 20,600Russian flight brings dozens of cases into ChinaSpain cases keep slowing, deaths approach 17,000U.S. testing capacity in “ballpark” for May reopening: White HouseFauci Says Reopening Could Start in May (9:48 a.m....
Guy Adami said on CNBC's "Fast Money" that he's watching gold as Newmont Corporation (NYSE: NEM) traded around 13.5% higher on Thursday. He's also interested in banks, especially JPMorgan Chase & Co. (NYSE: JPM), which is going to report earnings this week.Tim Seymour is looking for retail sales and China's import and export numbers. He is also interested in earnings of JPMorgan, Bank of America Corp (NYSE: BAC), Las Vegas Sands Corp. (NYSE: LVS) and Schlumberger Limited (NYSE: SLB).Karen Finerman wants to hear what the banks say about their book value and she's also interested in the news about expanded testing.Steve Grasso is not interested in earnings and economic data. He wants to see coronavirus (COVID-19) death rates flatten out because that is when he will know that we are out of the woods.Related Links:What To Know About The Stock Market's Best Week Since 1974Benzinga's Bulls And Bears Of The Week:...
OPEC, Russia and other oil producing nations were meeting on Sunday in a bid to clinch a deal on the biggest oil cut ever, amounting to 10 percent of global supply, after their initial efforts to support oil prices amid the coronavirus pandemic were blocked by Mexico. On Thursday, OPEC+ outlined plans to cut output by more than a fifth, or by 10 million barrels per day (bpd), but Mexico balked at the production cuts it was asked to make, delaying the signing of a final deal. "The ministerial meeting between OPEC and non-OPEC members is a follow-up after the April 9 meeting," the energy ministry of OPEC+ member Azerbaijan said on Sunday....
* This weekend's Barron's cover story examines how the economy will be changed by the COVID-19 pandemic. * Other featured articles wonder at the silence from Warren Buffett and discuss where to find safe dividends. * Also, the prospects for a Japanese conglomerate, an entertainment giant, a social media leader and more.Cover story "Bracing for an Economy Changed by Coronavirus" by Reshma Kapadia points out that picturing what the world will be like after the coronavirus pandemic has been contained is difficult. Does Nike Inc (NYSE: NKE) offer any clue?Eric J. Savitz's "How SoftBank Lost Its Vision" shows why SoftBank's massive Vision Fund could soon take another $2 billion in write downs. See how the bold experiment went wrong. Is Uber Technologies Inc (NYSE: UBER) to blame?In "This Market Is Made For Warren Buffett. Why Has He Gone Quiet?," Andrew Bary suggests that Berkshire Hathaway Inc. (NYSE: BRK-A), sitting on a...
The U.S. CBD sector held so much promise after the government approved the 2018 Farm Bill. Market research firms stared placing total addressable market targets topping $20 billion in a few years, but the FDA has left the market to mostly just lotions and creams leaving the high demand products off major retailer shelves.At the same time, thousands of different brands have flooded to the space including ones from the large Canadian cannabis LPs. Both Aurora Cannabis and Canopy Growth, amongst others, have launched brands in the U.S. due to CBD being legal in the U.S pushing the brand totals above 2,000.CBD is the non-psychedelic version of marijuana associated with health and wellness products. Unfortunately for the market segment, the FDA has a mandate to require testing on food products declassified as a Schedule I drug. CBD falls into this category and the majority of the potential sales boost from CBD...
