 | | | | Oil futures strengthened late in the session on Wednesday, buoyed by hopes that OPEC and its allies will strike a production cut agreement on Thursday. | | | | | | McDonald's Corp global comparable sales tumbled 22.2% in March and the burger chain pulled its full-year forecast as coronavirus-related lockdowns forced it to shutter stores and stick to delivery or take-out. | | | | | | Ferrari said on Wednesday it was piloting a project to conduct voluntary screening of employees and their families for coronavirus once the supercarmaker's factories in Italy reopen. | | | | | | Zoom Video Communications Inc was slapped with a class action suit by one of its shareholders on Tuesday, accusing the video-conferencing app of overstating its privacy standards and failing to disclose that its service was not end-to-end encrypted. | | | | | | The German foreign ministry has restricted use of the video conferencing service Zoom to fixed-connection computers due to concerns about security issues, two German government sources said. | | | | | | Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser to improve the privacy and security of its rapidly growing video-conferencing app amid a global backlash, including a move by Alphabet Inc's Google to ban the desktop version of Zoom from corporate laptops. | | | | | | U.S. stock markets surged on Wednesday as investors were encouraged by hopeful signs about the coronavirus outbreak in the United States, with health insurers getting an additional boost from the announcement that Democratic presidential candidate Bernie Sanders was suspending his campaign. | | | | | | The U.S. Health and Human Services Department (HHS) on Wednesday awarded two contracts worth more than $1 billion to make ventilators needed to treat severely sick coronavirus patients and plans to announce five additional contracts later this week. | | | | | | World equity markets surged and oil prices jumped on Wednesday on hopes the coronavirus pandemic is getting close to peaking and that more government stimulus measures could be on the way. | | | | | | The U.S. dollar gained on Wednesday in choppy trading as some optimism faded that the coronavirus crisis may be nearing a peak faded and as investor concerns remained over the economic fallout of the pandemic. | | | | | | U.S. Senator Kelly Loeffler said on Wednesday she would liquidate her individual stock share positions after the wealthy Republican and her husband were criticized over sales of millions of dollars in stock during the coronavirus outbreak. | | | | | |
