Treasury Secretary Steven Mnuchin said Friday that the Trump administration would consider suspending people's student loan payments as part of a larger strategy to mitigate the economic consequences of the coronavirus.
The Chinese city of Wuhan, ground zero of the coronavirus outbreak, reported just five new cases on Friday, the second day in a row the tally has been less than 10, while no locally transmitted infections were reported in the rest of the country.
Oil prices were set for their biggest weekly slide since the 2008 financial crisis despite a 4% bounce on Friday, as the coronavirus outbreak threatened demand and crude producers promised more supply.
The U.S. Food and Drug Administration (FDA) issued emergency authorization for a faster coronavirus test made by Swiss diagnostics maker Roche and allowed New York state to authorize certain labs to test for the virus, moves aimed at boosting screening capacity to help contain the growing epidemic.
U.S. stock indexes rebounded on Friday as investors bet on another round of fiscal easing to thwart a looming global recession in the face of the coronavirus pandemic.
Xerox Holdings Corp, which is in a proxy fight for control of HP Inc, said on Friday it would postpone meetings with shareholders of the personal computer maker amid the coronavirus outbreak.
Treasury Secretary Steven Mnuchin said Friday that the Trump administration would consider suspending people's student loan payments as part of a larger strategy to mitigate the economic consequences of the coronavirus.
Fidelity Investments became the latest large financial firm to urge employees to work from home in order to slow the transmission of the coronavirus, according to a company memo.
U.S. consumer sentiment fell in early March as households responded to the coronavirus pandemic and steep declines in stock market prices, a survey showed on Friday.
U.S. Treasury Secretary Steven Mnuchin on Friday said he expected the U.S. economic hit from the coronavirus outbreak to be short-term, and that the Trump administration was keeping its options open for any other future steps that may be needed.
Canada may soon advise against non-essential foreign travel, and it will be taking a number of new measures at airports in a bid to slow the spread of coronavirus, Prime Minister Justin Trudeau said on Friday.
The head of British Airways said coronavirus was causing an unprecedented crisis, warning that aircraft would be parked like never before and staff laid off, in a hard-hitting staff message to address "the worsening situation".
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