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Credit card issuer American Express Co posted a 76% drop in first-quarter profit on Friday, as it set aside $2.6 billion to cover potential losses stemming from the coronavirus outbreak.

The United States Oil Fund, which invests in oil futures contracts, was guaranteed to be a losing bet over time, but retail investors piled into the exchange-traded fund, perhaps believing it was a bet on the spot price of oil.

Wall Street rose on Friday, led higher by Apple and Microsoft as investors finished a turbulent week of trading and some states prepared to relax coronavirus-related lockdowns.

Global oil supplies may be 6% less than expected by 2030 because of delays to investments by energy companies in response to falling crude prices due to the coronavirus crisis, data from energy analysts at Rystad showed.

Oil prices were broadly steady on Friday but headed for their third weekly loss as production shutdowns failed to keep pace with sliding demand due to the coronavirus crisis.

Six companies contacted by CNBC who took the loans said they had no plans to return small business and PPP funds.

China's retail investors take punts on everything from mainstream stocks to niche commodities and derivatives, and many were badly burned this week by exposure to U.S. oil contracts which collapsed below zero for the first time, wiping out several small accounts.

A French court on Friday rejected a request from the CGT union that a Carrefour hypermarket near Lille be forced to close aisles selling non-esssential products and it ordered the union to pay 1,000 euros compensation to the supermarket group.

Global shares fell on Friday, hit by delays to an agreement on divisive details of the European Union's stimulus package and doubts about progress in the development of drugs to treat COVID-19.

Air France will receive a 7 billion euro ($7.6 billion) loan package backed by the French government to avert a cash crisis brought on by the coronavirus crisis, Finance Minister Bruno Le Maire announced on Friday.

Air France-KLM secured 7 billion euros ($7.6 billion) in French government aid on Friday, as the airline industry struggles to survive the coronavirus crisis that has all but halted passenger traffic across much of the world.

Verizon Communications Inc lost 68,000 phone subscribers who pay a monthly bill in the first quarter, as people stayed indoors due to lockdowns to halt the spread of the coronavirus.

Facebook Inc introduced a videoconferencing tool and expanded livestreaming features on Friday, capitalizing on a surge in demand for video chats during the coronavirus pandemic while taking its first steps toward a planned integration of messaging products across its apps.

The New York Stock Exchange plans to reopen its iconic trading floor, which is shuttered due to coronavirus concerns, as soon as possible, but it has not yet set a date to do so, the NYSE and people familiar with the matter said on Friday.

More than 88 million households have received their Economic Impact Payment from the IRS as of April 17. That adds up to more than $158 billion. Find out where your state stands.