World stock markets jumped on Monday, encouraged by slowdowns in coronavirus-related deaths and new cases in some global hot spots, while oil prices tumbled again due to a delay in talks between Saudi Arabia and Russia to cut supply.
New York Governor Andrew Cuomo on Monday cited tentative signs the coronavirus outbreak was "flattening" in his state but warned against complacency as the U.S. death toll topped 10,000 and the number of cases reached 350,000.
The U.S. government is only just starting to roll out stimulus payments to individuals and families. However, many already say that money won't be enough. Here's what it would take for additional funds to be sent out.
Capri Holdings Ltd will furlough all its 7,000 retail staff in North America due to the coronavirus outbreak and expects to reopen stores around June 1, the owner of Michael Kors and Versace brands said on Monday.
Ledger Insights | April 6, 2020 A bulletin from the Bank for International Settlements (BIS), the body owned by 62 central banks, highlights cash concerns because of the COVID-19 virus. It states that perceived risks, valid or not, brings the potential for digital payments to the fore. And the BIS specifically makes a case for Central Bank
Kenya's leading telecom firm Safaricom and South Africa's Vodacom said on Monday that they had completed the acquisition of popular mobile money platform M-Pesa from Britain's Vodafone .
"They may be some of the first customers who are willing to jump back in to do cruises," TD Ameritrade's JJ Kinahan said on CNBC's "Closing Bell."
HSBC shareholders in Hong Kong are calling for an extraordinary meeting with the bank's management and considering legal action against its decision to scrap dividend payments.
Energy major Total is among several power suppliers that tried to declare force majeure on buying nuclear power from EDF, sources said, as the coronavirus outbreak has pushed prices in the French electricity market far below existing contracts.
SeaWorld Entertainment Inc said on Monday Sergio Rivera, the theme park operator's chief executive officer for just five months, has resigned due to disagreements with the board.
Mandatory coronavirus quarantines of seasonal foreign workers in Canada could hurt that country's fruit and vegetable output this year, and travel problems related to the pandemic could also leave U.S. farmers with fewer workers than usual.
The head of Britain's biggest telecoms firm BT said he would donate his salary to health workers for at least six months and award a pay rise to his frontline staff who are maintaining broadband networks during the COVID-19 shutdown.
Mexican cement company Cemex will suspend its operations in the country until at least April 30 in line with government guidelines aimed at stopping the spread of coronavirus, the firm said in a statement on Monday.
JPMorgan Chase & Co's top boss Jamie Dimon on Monday said he sees a "bad recession" in 2020, and that the largest U.S. bank could suspend its dividend if the coronavirus crisis deepens.
U.S. insurer Allstate Corp said on Monday that it would return more than $600 million in auto insurance premiums to customers as many Americans stay home and drive less due to "shelter-in-place" orders to curb the coronavirus outbreak.