U.S. CDC reports 828,441 coronavirus cases, 46,379 deaths
The U.S. Centers for Disease Control and Prevention (CDC) on Thursday reported 828,441 cases of the novel coronavirus, an increase of 25,858 from its previous count, and said the number of deaths had risen by 1,804 to 46,379.
Equities barely up oil price rebound, stimulus hopes
Most major stock markets edged up slightly in mixed markets on Thursday as investors weighed a rebound in oil prices and prospects for further government stimulus against stark economic data showing the toll of the coronavirus pandemic.
S&P 500 slips after report on coronavirus drug trial
The S&P 500 ended marginally lower on Thursday after a report that an experimental antiviral drug for the coronavirus flopped in its first randomized clinical trial, denting optimism that the pandemic’s impact on the labor market was nearing an end.
U.S. states test safety of reopening as pandemic pushes jobless claims higher
An array of U.S. merchants in Georgia and other states prepared on Thursday to reopen for the first time in a month under newly relaxed coronavirus restrictions, as another week of massive unemployment claims highlighted the grim economic toll of the p…
U.S. coronavirus deaths top 49,000, averaging 2,000 lives lost a day: Reuters tally
U.S. coronavirus deaths topped 49,000 on Thursday as the number of lives lost in April rises by an average of 2,000 a day, according to a Reuters tally.
New York survey suggests 2.7 million in state may have coronavirus antibodies
New York Governor Andrew Cuomo said on Thursday a preliminary survey found that nearly 14% tested positive for antibodies against the novel coronavirus, suggesting that as many as 2.7 million New Yorkers may have been infected with the disease.
Intel forecasts second-quarter profit below estimates
Intel Corp forecast current-quarter profit below analysts’ estimates on Thursday, sending its shares down 4% in extended trading.
Tyson to shutter beef facility as workers undergo coronavirus testing
A Tyson Foods Inc unit said on Thursday it will temporarily halt production at a beef facility in Pasco, Washington, adding to the meat processing plant the company has had to shutter as it tests workers for COVID-19.
Oil rallies on faster output cuts to offset virus-induced falloff in demand
Oil soared on Thursday, extending its rebound after major oil-producing nations said they would accelerate planned production cuts to combat the dramatic slump in demand due to the COVID-19 pandemic.
Toyota to gradually resume North America production starting May 4
Toyota Motor Corp said on Thursday it expects to gradually resume North American production starting May 4 and will impose significant new safety procedures after it halted operations in March because of the coronavirus pandemic.
