April 18th, 2025
Coronavirus Updates - Page 16
Tesla Furloughs Impact Half of U.S. Sales and Delivery Teams
By Teuta Franjkovic
April 11th, 2020
Tesla started to furlough its sales and delivery workforce. It happened a few days after the company announced salary cuts and reductions due to the COVID-19 pandemic.
More than 20 Companies Are Working on Coronavirus Treatments or Vaccines
By Darya Rudz
April 10th, 2020
Coronavirus has already claimed the lives of many people. At least 16,703 people in the U.S. have died. In Spain, this number is 15,843. In France, the death toll is 12,210. The statistics are dismaying. We need the vaccine as soon as possible.
Coronavirus Masks Donations from Huawei Won’t Affect Decision of Canada and France on 5G
By Christopher Hamman
April 10th, 2020
Huawei has made coronavirus donations to France, Canada, and other countries. Canadian Prime Minister Justin Trudeau has said that the donations won’t affect decisions on 5G.
IRS Explains Who Needs to File Tax Returns to Get Stimulus Checks
By Wanguba Muriuki
April 10th, 2020
The IRS urges the American people with low income, as well as disabled ones, who do not normally file tax returns to do so as soon as possible to get coronavirus stimulus paychecks.
Pfizer (PFE) Shares Gained 1.72% After Hours as Company’s Coronavirus Drug Looks Promising
By Teuta Franjkovic
April 10th, 2020
Pfizer had initially planned to enter clinical trials for its coronavirus drug by the end of the year. Now it hopes to start the trials in the third quarter. Pfizer shares price is rising.
WMT Stock Up 0.23% After Hours as Walmart Goes on Hiring Spree amid Surging Demand
By Bhushan Akolkar
April 10th, 2020
While the Americans are losing millions of jobs over the last few weeks, Walmart is on a hiring spree looking to hire 150,000 employees on a temporary basis. Meanwhile, WMT stock remains practically at the same level.
OPEC and Allied Oil Producers Agreed to 10 Million Barrels per Day Production Cut
By Darya Rudz
April 10th, 2020
The meeting between OPEC and its allies OPEC+ lasted more than nine hours and the agreement on oil production cut was finally reached.
Dow Jumps Over 300 Points, Federal Reserve Unveils $2.3T Program to Support Economy
By Darya Rudz
April 9th, 2020
Federal Reserve will spend $2.3 trillion on loans for households, small and medium-sized businesses with up to 10,000 employees and less than $2.5 billion in revenues for 2019.
Gilead Sciences (GILD) Stock Price Stuck at $74 but May Jump after Coronavirus Drug Trials
By Tolu Ajiboye
April 9th, 2020
Gilead Sciences (GILD) stock is on its way to a big jump with interesting returns for investors if all efforts, including drug trials, prove positive.
Airbnb Managed to Raise $1 Billion to Recover from Coronavirus Crisis
By Darya Rudz
April 9th, 2020
According to Airbnb, the funds it raised will be spent on its three major products: hosts, long-term stays and Airbnb experiences. It should help the company overcome the coronavirus crisis.
Bill Gates: It May Be Fall of 2021 when Americans Can Be ‘Completely Safe’ from COVID-19
By Darya Rudz
April 9th, 2020
According to Gates, it might be the fall of 2021 when Americans can be completely safe from COVID-19. He believes developing countries will suffer more than others, as most of the deaths will come there.
Billionaire Mark Cuban Says Coronavirus Will Make Capitalism More ‘Compassionate’
By Bhushan Akolkar
April 9th, 2020
While the world is grappling with COVID-19, billionaire Mark Cuban sheds some light on how it can change things positively for the business world.
Coronavirus: Eurozone Leaders Fail to Reach Agreement on Economic Rescue Plan
By Tolu Ajiboye
April 8th, 2020
It is impossible to find an economy in Europe that is not affected by the coronavirus crisis. However, ministers in the Eurozone region have not reached an agreement on coronavirus efforts even after deliberating for hours on end.
Global Stocks Turn Negative as U.S. Coronavirus Cases Top 400,000, Doubling in One Week
By Darya Rudz
April 8th, 2020
Spain, Italy, France, and Germany all recorded over 100,000 COVID-19 cases. As hopes for the sooner recovery from the virus started fading, global stocks and market indices suffered on Wednesday.
SoFi to Buy Payment Processor Galileo for $1.2 Billion
By Christopher Hamman
April 8th, 2020
SoFi will acquire Galileo. It will significantly affect the fintech industry as Galileo processes payments for many fintech companies.