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Dow Closes Off More Than 400, 1.86%, as Virus Hits U.S. Economy and Global Cases Top 2M

Stocks declined sharply Wednesday after banking giants Bank of America  and Citigroup  reported first-quarter earnings that slumped following large provisions for loan losses, and data showed a U.S. economy deeply damaged by the coronavirus…

Abbott Labs Virus Tests Lift Stock – What Do the Charts Say Pre-Earnings?

Abbott Labs  stock is higher on Wednesday despite a 2.5% dip in the S&P 500 Index. The action comes with the stock just off its 52-week high and ahead of its earnings report due Thursday before the open. Earnings season kicked off…

United Airlines and Delta Mull Selling Off Miles to Raise Cash

United Airlines Holdings  and Delta Air Lines  and their respective credit-card partners, JPMorgan Chase and American Express,  have talked about selling miles ahead of schedule and for less than money to raise cash to weather the…

SCWorx Skyrockets After Saying It Has Orders for 2 Million Coronavirus Testing Kits

Shares of SCWorx Corp.  skyrocketed Monday, after the healthcare software company announced it has received a committed purchase order from Rethink My Healthcare, a U.S.-based virtual healthcare network, for 2 million coronavirus testing…

Roku Previews Strong Q1 Revenue, Account Growth – Shares Surge After Hours

Roku is expecting the coronavirus pandemic to boost its results for the first quarter, the company announced on Monday. In a press release, Roku previewed its first quarter revenue, viewing and account metrics, and withdrew its 2020…

Oil Prices Gain But Historic OPEC Production Cut Deal Fails to Boost Sentiment

Global oil prices reversed earlier losses Sunday, rising more than 5% after OPEC leaders, as well as non-member allies, finally reached a conclusive agreement that will cut production by around 10 million barrels a day. The deal, which…

Covid-19 Will Stalk World for ‘Long Time’: World Health Official

The world will have to get used to the new coronavirus and the sometimes deadly disease it causes, Covid-19, until a vaccine is created, said a top world health official on Sunday. "We're not so sure that it will come in waves in the way…

British Prime Minister Boris Johnson Released From the Hospital

British Prime Minister Boris Johnson has been released from the hospital, nearly one week after getting admitted when his symptoms of Covid-19 worsened, according to a statement by Downing Street. "The PM has been discharged from…

Disney+ Now Has More Than 50 Million Paid Subscribers

Disney said on Wednesday that Disney+, its five month-old streaming service, has accumulated more than 50 million paid subscribers. The company last reported its subscriber figure at about 28 million in February. It has since launched in…

Dow Finishes Up 780, or 3.4%, as U.S. Prepares Plans to Reopen Economy

Stocks finished sharply higher Wednesday as Wall Street weighed a leveling off of coronavirus infections in certain hot spots and efforts by the Trump administration to restart a U.S. economy hobbled by the pandemic. The Dow Jones…