 | | | | Billionaire investor Carl Icahn said he expects to see "good opportunities" to buy after the historic stock market sell-off but warned there will likely be more heavy selling because the coronavirus outbreak has yet to be contained. | | | | | | Wall Street rallied 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. | | | | | | A nationwide business shutdown and a surge in U.S. government spending will nearly quadruple the federal deficit to a record $3.7 trillion this fiscal year, as a gyrating American economy reacts to the coronavirus pandemic, congressional forecasters said on Friday. | | | | | | With the U.S. coronavirus death toll topping 50,000, Georgia, Oklahoma and a handful of other states took the first tentative steps at reopening for business on Friday, despite the disapproval of President Donald Trump and health experts. | | | | | | Global equity benchmarks struggled on Friday as some U.S. states began reopening businesses despite the disapproval of health experts, and as the European Union put off addressing details of its new economic rescue plan. | | | | | | Oil prices rose on Friday but still posted a weekly loss, the eighth in nine weeks, as global production cuts could not keep pace with the collapse in demand caused by the coronavirus pandemic. | | | | | | A historic plunge in oil prices in the wake of the COVID-19 pandemic has highlighted the risks of oil-focused exchange-traded products (ETPs). | | | | | | A JBS SA poultry plant in southern Brazil was hit by an outbreak of COVID-19, a source close to the company said on condition of anonymity on Friday, marking the first large-scale infection at a Brazil-based meat plant. | | | | | | Some 12 workers at a Brazilian chicken plant operated by JBS SA have contracted COVID-19, a source close to the company told Reuters on Friday on condition of anonymity. | | | | | | 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. | | | | | | A French court on Friday rejected Amazon's appeal against a ruling that restricts what it can deliver during the coronavirus crisis, handing a victory to unions that had criticised the U.S. e-commerce giant's safety measures. | | | | | |
