Small gold coins and bars, most popular among retail investors, are in big shortage due to high demand and supply disruptions amid coronavirus.The post Gold coins and bars in short supply, premiums exploding appeared first on The Block....
(Bloomberg) -- U.S. equity futures rose on Thursday and European stocks fluctuated as investors caught their breath following a rough start to the second quarter for risk assets. Oil surged after China unveiled plans to boost its reserves.Contracts on the main U.S. equity benchmarks climbed in the wake of another session of steep declines. The Stoxx Europe 600 Index swung between gains and losses, with energy shares outperforming. Brent crude futures jumped as much as 13% as the world’s biggest importer took advantage of a 60% plunge this year to add to stockpiles. Stocks in Asia were mixed, with losses in Japan and Australia and gains in South Korea and China. Treasuries slipped while the dollar steadied.After enduring their worst quarter since 2008, stocks are struggling for traction as companies move to slash dividends and more U.S. states enact severe restrictions on movement to curb the coronavirus pandemic across the world’s...
The use of Zoom and other digital communications have soared with political parties, corporate offices, school districts, organizations and millions across the world working from home after lockdowns were enforced to slow the spread of the coronavirus. "To put this growth in context, as of the end of December last year, the maximum number of daily meeting participants, both free and paid, conducted on Zoom was approximately 10 million," founder and Chief Executive Officer Eric Yuan wrote in a letter to Zoom users on Wednesday. Yuan said that Zoom usage has taken off over the last few weeks, with more than 90,000 schools across 20 countries, using its video conferencing services to conduct classes remotely....
(Bloomberg) -- Spain reported 950 more deaths from the coronavirus, the most in a single day, taking total fatalities in the country to more than 10,000. There are signs that the worst may soon be over in Italy as growth in new cases there moderates.Earlier, China said the U.S. was trying to shift the blame for its own outbreak after American intelligence officials concluded Beijing concealed infections. A county in central China was locked down again after a flare-up in cases, pointing to the difficulty of sustained containment.In Britain, almost one million people have claimed welfare payments in the past two weeks and a financial regulator proposed freezing some credit card repayments. Spanish jobless claims rose by a record, and filings for U.S. unemployment benefits are set to top 3 million again.Key Developments:Global cases top 939,000; 47,000 dead: Johns HopkinsLA urges city to mask up; NY, NJ deaths double in three...
Enable Midstream Partners (ENBL) has announced significant measures to strengthen its financial position as it seeks to deal with challenging industry conditions. This includes halving dividends by 50% from $0.3305 to $0.16525/share – a move which the company says will save $290 million of cash on an annualized basis.“Due to the sharp decline in commodity prices and producer activity across our footprint and the future business uncertainty created by the coronavirus pandemic, we are taking decisive action to fortify our financial position, protect our balance sheet and ensure liquidity to navigate these unprecedented market conditions,” explained Rod Sailor, president and CEO.Enable is: 1) reducing 2020 total expansion capital expenditures by $115 million, or 48%, from the top end of the previously provided outlook; 2) targeting a reduction in maintenance capital of $20 million, or 17%, from the midpoint of the previously provided outlook for 2020 and 2021; and 3) targeting cost savings...
