As fever checks become the norm in coronavirus era, demand for thermal cameras soars
The makers of specialized cameras to quickly scan for fevers as people enter crowded workplaces are grappling with soaring demand while confronting supply disruptions, forcing some to prioritize customers such as hospitals, executives told Reuters.
Global stocks jump on Fed stimulus, oil pulls back from earlier surge
Global equity benchmarks moved higher on Thursday following signs of some success by governments and central banks which have taken additional steps to bolster their economies during the COVID-19 pandemic, while oil prices pulled back from an earlier s…
Wall Street rises on Fed’s $2.3 trillion backstop
Wall Street rose for the third time in four days on Thursday as the U.S. Federal Reserve rolled out a massive $2.3 trillion program to bolster local governments and businesses, while oil prices gained on expectations of a drastic cut in output.
Mnuchin says U.S. economy could open in May, defying experts
U.S. Treasury Secretary Steven Mnuchin said on Thursday that the American economy could start to reopen for business in May, despite experts’ emphasis on prolonged social distancing measures to defeat the coronavirus.
Russia, Saudi Arabia overcome differences holding up big oil cut deal: Dmitriev
Russia and Saudi Arabia have overcome differences that had presented potential hurdles to a plan for major oil output cuts aimed at shoring up crude prices hammered by the coranavirus crisis, the head of Russia’s wealth fund said on Thursday.
Citigroup offers full-time positions to interns amid coronavirus crisis
Citigroup Inc said on Thursday it is offering full-time positions to its interns, but delaying the new class of summer intern program to July 6 amid the current coronavirus crisis.
Wall Street rises on $2.3 trillion Fed backstop
Wall Street rose for the third time in four days on Thursday as the U.S. Federal Reserve rolled out a massive $2.3 trillion program to bolster local governments and businesses, while energy stocks jumped on an expected cut in oil production.
Saudi, Russia move closer to record oil cut deal: sources
OPEC and other oil nations held talks on Thursday on a record global production cut of up to 20 million barrels per day, equal to about 20% of global supplies, to support prices hammered by the coronavirus crisis, OPEC and Russian sources said.
UBS executives pledge $5 million of own cash to coronavirus fight
Top managers at UBS will each contribute the equivalent of three months’ salary to fight the coronavirus, its chief executive Sergio Ermotti said on Thursday after the Swiss bank bowed to pressure to suspend its dividend.
Oil prices soar as OPEC+ prepares to cut supplies
Oil prices jumped on Thursday after sources said Russia and Saudi Arabia have a new deal to cut oil output drastically in response to a collapse in global demand from the coronavirus.
