Stock futures rose Sunday evening as investors braced for another week of closely monitoring developments around the global coronavirus outbreak and policymakers’ responses to the pandemic....
(Bloomberg) -- Apple Inc. is designing face shields for medical workers and separately has sourced over 20 million masks through its global supply chain, Chief Executive Officer Tim Cook said.Cook made the announcement Sunday on Twitter, saying that its design, engineering, packaging and operations teams are working with suppliers to get the shield made and shipped.The first shipment was delivered to a Santa Clara, California, hospital last week. The shields are fully adjustable and assemble in under two minutes, he said, adding that Apple plans to ship over a million this week and another million weekly after that.Apple plans to quickly expand shipping of the shields beyond the U.S., the executive said. Apple has shuttered all 458 of its retail stores outside of China to curb the spread of the Covid-19 pandemic and is requiring its engineers and designers to work from home.For more articles like this, please visit us at...
(Bloomberg) -- U.S. stocks futures advanced after the daily reported death toll in some of the world’s coronavirus epicenters was lower on Sunday. Oil tumbled.The latest fatality figures provided some respite to the onslaught of recent negative virus headlines, though the economic impact will continue to bite for some time. S&P 500 futures opened more than 1% higher, and contracts in Japan also climbed. The pound dipped as U.K. Prime Minister Boris Johnson was admitted to hospital for tests after suffering from the coronavirus for 10 days. Oil sank as uncertainty remains over a proposed meeting of supplier nations that is planned for April 9.In the latest developments on the health crisis: New York State fatalities fell for the first time, though President Donald Trump warned that the fallout from the coronavirus is about to get a lot worse, and a “very horrendous” phase in the pandemic is approaching. Italy had...
The largest U.S. planemaker said on March 23 it would halt production at its Washington state twin-aisle jetliner factory as a temporary measure to help fight the outbreak of the respiratory disease. Boeing declined to say when production could resume. It said the actions were "being taken in light of the company's continuing focus on the health and safety of employees, current assessment of the spread of COVID-19 in Washington state, the reliability of the supply chain and additional recommendations from government health authorities."...
(Bloomberg) -- Saudi Arabia, Russia and other large oil producers are racing to negotiate a deal to stem the historic price crash as diplomats said some progress was made on Sunday.The talks still face significant obstacles: a meeting of producers from OPEC+ and beyond -- delayed once -- is only tentatively scheduled for Thursday. Russia and Saudi Arabia want the U.S. to join in, but U.S. President Donald Trump has so far shown little willingness to do so.Oil diplomats are trying to stitch together a meeting of G20 energy ministers for Friday, part of an effort to bring the U.S. on board, according to two people familiar with the situation.Crude prices have fallen 50% this year, as the economic effects of the pandemic have knocked out about a third of global demand. The price crash is so dramatic that it’s threatening the stability of oil-dependent nations, the existence of U.S. shale...
(Bloomberg) -- U.K. Prime Minister Boris Johnson went to a hospital Sunday suffering persistent symptoms 10 days after testing positive for Covid-19.In a possible respite after days of sobering developments, the reported daily death toll in some of the world’s coronavirus epicenters was lower on Sunday.New York State fatalities fell for the first time. Italy had the fewest deaths in more than two weeks. France reported the lowest number in five days and Spain’s tally fell for three days in a row.Key Developments:Global cases pass 1.2 million; deaths top 68,000: Johns HopkinsU.S. cases exceed 321,000, a quarter of the world totalU.K. to tighten lockdown if neededBiden suggests virtual conventionIndia bans exports of “game changer” virus drugReligious gatherings move onlineThe fast spread pits treating patients against finding a cureU.K. Premier Sent to Hospital (4:15 p.m. NY)U.K. Prime Minister Boris Johnson was admitted to a hospital Sunday night after having “persistent symptoms” 10...
