Trump gives people with student loans a break amid coronavirus
Trump said people with federal student debt won't have to pay interest amid the coronavirus. That means borrowers could put their payments on pause without any penalty.
Trump said people with federal student debt won't have to pay interest amid the coronavirus. That means borrowers could put their payments on pause without any penalty.
Bitcoin dropped below $4,000 Friday, knocking off half of its value over two days.
Montenegro barred public gatherings, closed schools for at least two weeks and adopted an array of other measures on Friday, including a ban on arrivals of ships at its Adriatic ports, in an effort to pre-empt the onset of the coronavirus outbreak.
As virus-wary shoppers stayed home in the United States and Europe, apparel retailers braced for a blow to sales and a potential inventory glut. Some slashed orders at garment factories while others began discounting merchandise.
Wall Street clawed back losses on Friday from its biggest declines in three decades, as investors bet on more fiscal stimulus to thwart a coronavirus-driven global recession.
Saudi Arabia detected on Friday new 24 cases of coronavirus, including 14 Egyptians, state news agency (SPA) said citing the health ministry.
Major sports events around the world that have been hit by the coronavirus outbreak:
The U.S. Federal Reserve is talking with lenders about potentially going easy on them if they deplete their liquidity reserves while trying to support customers hurt by coronavirus disruption, according to three people with knowledge of the discussions.
This month's dramatic selloff in financial markets is causing ructions in vital funding markets that keep money flowing between banks and companies and underpin anything from global trade to corporate cashflow.
Azerbaijan has banned wedding celebrations and other public events, the authorities said on Friday, a day after it recorded its first death from the coronavirus.
Poland will ban foreigners from entering the country from Sunday and impose a 14-day quarantine on its citizens returning home in a bid to curb the spread of coronavirus, Prime Minister Mateusz Morawiecki said on Friday.
Oil prices were lower on Friday, with Brent crude on track for its biggest weekly slide in nearly three decades as the coronavirus outbreak threatened the global economy and Saudi Arabia stepped up plans to flood markets with more crude oil.
U.S. consumer sentiment fell less than expected in early March as households responded to the coronavirus pandemic and a sharp stock market sell-off, but also hoped that any disruptions to economic activity would be temporary.
The Trump administration is not considering broad relief from import tariffs on Chinese goods to ease economic pain from the coronavirus, U.S. Treasury Secretary Steven Mnuchin said on Friday, dashing the hopes of industry and some lawmakers.
SoftBank Group Corp is buying back up to $4.8 billion of its shares after their recent slump, a move that partially met the demand of activist fund Elliott Management but failed to soothe investors panicking from the coronavirus pandemic.