University of Nebraska Medical Center’s Dr. Mark Rupp, M.D. discusses treating coronavirus patients. As markets fluctuate wildly while investors struggle to grasp the impact of the Wuhan coronavirus, an admonition from the 1981 movie “Stripes” comes to mind: “Lighten up, Francis.” Continue Reading Below There are already strong signs from advanced, […]
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Central bank coronavirus response ‘pushing on a string’: El-Erian
Allianz chief economic adviser Mohamed El-Erian discusses the measures he expects will be taken by the world’s central banks in response to coronavirus. Global central banks are springing into action to combat the economic slowdown caused by the outbreak of the new coronavirus, but their rate cuts won’t have the intended […]
Oil crash poised to siphon bank profits
Odeon Capital Group financial strategist Dick Bove says bank profit margins are suffering as oil-company borrowers grapple with tumbling crude prices. Oil prices are mired in an historic slump, and America’s biggest banks are not immune from the pain. Continue Reading Below West Texas Intermediate crude oil has plunged nearly […]
Italy passes 10,000 coronavirus infections as clusters spur worry in US
Radiologist Dr. Nicole Saphier discusses how to protect yourself from coronavirus and gives her reasons as to why the mass purchasing of surgical masks is actually a bad thing. ROME (AP) — Expanding clusters of the new coronavirus were eyed warily Wednesday as the outbreak upended daily life and reshaped […]
PepsiCo nears $3.85B deal for energy-drink maker Rockstar
FBN’s Cheryl Casone talks to PepsiCo’s Jeff Klein about the company’s ‘Snackbots,’ self-driven robots that deliver snacks. PepsiCo is nearing a deal to buy Rockstar Energy Beverages, according to people familiar with the matter, in a move that would expand the beverage giant’s presence in the fast-growing energy-drink category. Continue Reading […]
Chinese province at coronavirus center lets some companies reopen
U.S. Surgeon General Jerome Adams encourages Americans to know their circumstances in order to avoid contracting coronavirus. BEIJING (AP) — The province at the center of China’s virus outbreak is allowing factories and some other businesses to reopen in a show of confidence that Beijing is gaining control over the […]
Lagarde told EU chiefs ECB looking at all tools for virus response, Report
Federal Reserve Chairman Jerome Powell explains why the coronavirus prompted the decision to make an emergency rate cut. European Central Bank (ECB) President Christine Lagarde told European Union (EU) leaders that ECB policy makers would look at all policy tools at their meeting this week, particularly ones to provide “super-cheap” […]
Uber may suspend accounts of riders, drivers who test positive for coronavirus
Uber CEO Dara Khosrowshahi says on the earnings call he expects the company to be profitable on an adjusted basis in late 2020, instead of in 2021. Uber Technologies Inc notified riders and drivers that it may temporarily suspend the accounts of anyone who has tested positive for the coronavirus or […]
Bank of England cuts rates to 0.25% in shock move over coronavirus
Federal Reserve Chairman Jerome Powell explains why the coronavirus prompted the decision to make an emergency rate cut. The Bank of England unexpectedly cut interest rates by half a percentage point to 0.25% on Wednesday in a move to bolster Britain’s economy against disruption caused by the coronavirus outbreak. Continue […]
Tesla exploring locations for Cybertruck factory
Loup Ventures managing partner Gene Munster discusses his outlook for Apple shares, reservations being made by for Tesla’s new Cybertruck, and why Lyft is a better investment than Uber. Tesla is looking for real estate to be used to build a new factory. Continue Reading Below Chief Executive Officer Elon Musk announced that […]