Gold futures retreated Friday, with investors shunning haven assets amid early optimism over a drug that’s anecdotally shown potential to treat COVID-19 and the release of a road map to gradually reopening the U.S. economy. “Risk sentiment has been bolstered by U.S. President Donald Trump and reports suggesting a potential …
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First in, first out. As European nations contracted coronavirus earlier than the U.S., they also are relaxing restrictions as the COVID-19 disease is spreading more slowly. German Chancellor Angela Merkel on Wednesday night set out plans for a gradual reopening of the eurozone’s largest economy. The European Commission, meanwhile, has …
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University of Chicago Medicine researchers said they saw “rapid recoveries” in 125 COVID-19 patients taking Gilead Sciences Inc.’s experimental drug remdesivir as part of a clinical trial, according to a Thursday afternoon report. Shares of Gilead Sciences Inc. GILD, +2.55% jumped 12.7% in after-hours trading on Thursday following the publication …
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In the wake of coronavirus-related volatility in the stock market, investors are asking: “Is the economic data showing that there will be a depression?” The No. 1 mistake investors make as they try to figure out the answer is that they are mostly focused on one dimension of a two-dimensional …
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Some 5 million Americans likely applied for jobless benefits for the third week in a row in mid-April as the coronavirus outbreak took an even bigger bite out of the U.S. economy, pushing the unemployment rate to around 15% unofficially. Nearly 17 million people have already filed new jobless claims …
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I’ve been getting a flood of emails from acquaintances eager to buy digital currencies, calendar spreads (a complex options strategy), foreign currencies, penny stocks, and any company that claims to cure the virus. In a bear market environment, when investors are understandably nervous, get-rich-quick investments will be peddled on the …
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Along with daily news briefings by President Donald Trump and the White House coronavirus task force, daily updates from top governors, notably Andrew Cuomo of New York, Gavin Newsom of California and J.B. Pritzker of Illinois, have emerged as must-see events of this pandemic period. Key Words:Cuomo invokes Alexander Hamilton …
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Major League Baseball will participate in a large-scale COVID-19 antibody study in an effort to find out how many people may have had the coronavirus. The Athletic reported Tuesday that the study will involve 10,000 volunteers from 27 of the league’s 30 teams, including players, their families, team staff and …
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This article is part of a series tracking the effects of the COVID-19 pandemic on major businesses, and will be updated. It was originally published April 14. As the COVID-19 outbreak curtails consumer spending, some younger payment-processing companies are getting creative, while the stalwarts are betting their resilient business models …
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