Canada markets closed

Stocks rally despite record jobless claims

Yahoo Finance’s Jared Blikre joins the On The Move panel to discuss the latest market action.

  • Trump Drops Quarantine Vow, Sets Travel Advisory: Virus Update
    Finance
    Bloomberg

    Trump Drops Quarantine Vow, Sets Travel Advisory: Virus Update

    (Bloomberg) -- President Donald Trump said he’s not putting New York and parts of New Jersey and Connecticut under quarantine to stop the spread of Covid-19 in those hard-hit areas but will issue a “strong travel advisory.” In an announcement on Twitter, Trump followed up on a suggestion he first raised

  • California virus death toll surpasses 100; infections surge
    Finance
    The Canadian Press

    California virus death toll surpasses 100; infections surge

    With cases of coronavirus surging and the death toll surpassing 100, lawmakers are pleading with cooped-up Californians to spend a second weekend at home to slow the spread of infection.Gov. Gavin Newsom said Saturday that the number of people hospitalized with COVID-19 spiked to more than 1,000 and

  • The Latest: Trump says he'll issue 'strong travel advisory'
    Finance
    The Canadian Press

    The Latest: Trump says he'll issue 'strong travel advisory'

    The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death.TOP OF THE HOUR:—Spain's deadliest day has over 800 deaths, over 8,000

  • Europe’s Virus Carnage Has Italy, Spain Grasping for Answers
    Finance
    Bloomberg

    Europe’s Virus Carnage Has Italy, Spain Grasping for Answers

    (Bloomberg) -- Italy’s coronavirus death toll topped 10,000 and Spain reported its deadliest day yet, leaving leaders of both countries groping for ways to tackle the crisis with Europe split along economic fault lines.While the data suggest the pace of infections may be leveling off, the human carnage

  • China’s $30 Trillion Market Promise Beckons Global Wealth Firms
    Finance
    Bloomberg

    China’s $30 Trillion Market Promise Beckons Global Wealth Firms

    (Bloomberg) -- China’s trillion dollar asset-management market opens wider this week, forcing BlackRock Inc., Vanguard Group Inc. and other global firms to make a strategic decision: Go it alone or work with an entrenched local partner.While the further liberalization of the investment banking and money

  • Trudeau says air, train travel to be denied for anyone with COVID-19 symptoms
    Finance
    The Canadian Press

    Trudeau says air, train travel to be denied for anyone with COVID-19 symptoms

    OTTAWA — Beginning at noon Monday, anyone in Canada showing symptoms related to COVID-19 will be barred from boarding domestic flights and trains, Prime Minister Justin Trudeau announced Saturday.While most Canadians are heeding the advice of government and public health officials asking them to stay

  • Rosneft Sells Venezuelan Assets as Fight With U.S. Grows
    Finance
    Bloomberg

    Rosneft Sells Venezuelan Assets as Fight With U.S. Grows

    (Bloomberg) -- Russian oil giant Rosneft PJSC sold its assets in Venezuela to the Russian government, in what may be a maneuver to avoid any U.S. sanctions in an escalating fight between Caracas, Washington and Moscow.Rosneft is selling local production, service and trading assets to a state-owned company

  • SeaWorld furloughs 90% of workers because of virus crisis
    Finance
    The Canadian Press

    SeaWorld furloughs 90% of workers because of virus crisis

    NEW YORK — The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments this weekend related to the global economy, the work place and the spread of the virus.______SEAWORLD FURLOUGHS: SeaWorld Entertainment is furloughing 90% of its workers

  • N.Y. Opposes Quarantine; Italian Deaths Top 10,000: Virus Update
    Finance
    Bloomberg

    N.Y. Opposes Quarantine; Italian Deaths Top 10,000: Virus Update

    (Bloomberg) -- President Donald Trump’s consideration of a quarantine for metropolitan New York has drawn criticism from the state’s governor. Italian deaths exceed 10,000, a third of the world’s total.Russia will shut its borders after a sharp rise in cases over a week. Japan is planning an “unprecedented

  • What's essential? In France: pastry, wine. In US: golf, guns
    Finance
    The Canadian Press

    What's essential? In France: pastry, wine. In US: golf, guns

    The coronavirus pandemic is defining for the globe what's “essential” and what things we really can't do without, even though we might not need them for survival.Attempting to slow the spread of the virus, authorities in many places are determining what shops and services can remain open. They

  • The Sky’s the Limit for Stimulus in Canada’s Bid to Salvage Economy
    Finance
    Bloomberg

    The Sky’s the Limit for Stimulus in Canada’s Bid to Salvage Economy

    (Bloomberg) -- Canada’s policy makers unleashed the full power of the state on Friday, pledging open-ended support that could result in the largest government intervention in the economy since World War II.In a coordinated response to an increasingly bleak outlook, Prime Minister Justin Trudeau’s government

  • Mark Cuban Says 3M Not Doing Enough to Keep Face Mask Prices Low
    Finance
    Bloomberg

    Mark Cuban Says 3M Not Doing Enough to Keep Face Mask Prices Low

    (Bloomberg) -- Billionaire Mark Cuban has been trying to do his part to help hospital workers get more protective equipment, working with a non-profit group and delving into the market himself to find gold-standard N95 respirator masks he could buy for medical personnel.He uncovered something else instead

  • How 3D-printing is playing a role in coronavirus testing
    Finance
    Yahoo Finance

    How 3D-printing is playing a role in coronavirus testing

    Northwell Health, New York's largest health-care provider, is 3D-printing swabs to help test for the novel coronavirus.

  • Pipelines Ask U.S. Oil Drillers to Curb Output as Tanks Fill Up
    Finance
    Bloomberg

    Pipelines Ask U.S. Oil Drillers to Curb Output as Tanks Fill Up

    (Bloomberg) -- American pipeline operators have begun asking oil producers to voluntarily ratchet back their output in the clearest sign yet that a growing glut of crude is overwhelming storage capacity.Plains All American Pipeline LP, one of the biggest shippers of crude in the U.S., sent a letter this

  • Ferrari Portofino: the most attainable Ferrari is one of its best
    Finance
    Yahoo Finance

    Ferrari Portofino: the most attainable Ferrari is one of its best

    Last year Ferrari introduced a new model to the lineup. I hesitate to use the term “entry level,” but that’s what the new Portofino is, the cheapest, or most attainable model Ferrari has on offer. 

  • Italy’s Coronavirus Deaths Surpass 10,000 With New Cases Stable
    Finance
    Bloomberg

    Italy’s Coronavirus Deaths Surpass 10,000 With New Cases Stable

    (Bloomberg) -- Italy’s coronavirus deaths surpassed 10,000 on Saturday even as the contagion’s spread remained substantially stable.Europe’s hardest-hit country had 889 new fatalities in the last 24 hours, health authorities said, with a slight decline compared to Friday’s record. New cases rose marginally

  • Finance
    Bloomberg

    Ceconomy Seeks $2.2 Billion German Aid Amid Virus Slump

    (Bloomberg) -- German electronics retailer Ceconomy AG is in talks to secure about 2 billion euros ($2.2 billion) in government aid after the coronavirus pandemic forced the closure of its stores, according to people familiar with the matter.The company is in negotiations with Germany’s state-owned KfW

  • 'I'm deeply concerned': Public health experts warn of coronavirus spread in more U.S. cities
    Finance
    Yahoo Finance

    'I'm deeply concerned': Public health experts warn of coronavirus spread in more U.S. cities

    The growing number of coronavirus cases is worrying many public health experts, including NYU Langone Health Assistant Professor Alison Bateman-House. 

  • Virus Erupts in U.S. Cities Where the Poor Have Few Defenses
    Finance
    Bloomberg

    Virus Erupts in U.S. Cities Where the Poor Have Few Defenses

    (Bloomberg) -- The coronoavirus pandemic is burrowing into America’s battered industrial heartland and the South, bursting out in places like Detroit and New Orleans that have legions of low-income residents with underlying medical conditions and few resources.Michigan is fast becoming the next U.S.

  • Farmworkers key to keeping US fed are wary of virus's spread
    Finance
    The Canadian Press

    Farmworkers key to keeping US fed are wary of virus's spread

    SACRAMENTO, Calif. — Salvador Calzadillas isn't worried about catching the coronavirus when he's picking mandarin oranges in the trees in central California. But he said the mere act of getting to the groves each day puts him and his wife, also a farmworker, at risk, and there’s nothing they

  • Exclusive: Amazon entices warehouse employees to grocery unit with higher pay
    News
    Reuters

    Exclusive: Amazon entices warehouse employees to grocery unit with higher pay

    This move, known as labor sharing, highlights how the ecommerce giant is reallocating some of its vast workforce to handle a spike in online sales of groceries, as millions of American are stuck at home amid the COVID-19 outbreak. Amazon offers online grocery services through Amazon Fresh from its own

  • Communities urge Indiana to help fight Lake Michigan erosion
    Finance
    The Canadian Press

    Communities urge Indiana to help fight Lake Michigan erosion

    BEVERLY SHORES, Ind. — Leaders of several communities along Indiana’s Lake Michigan shoreline are calling on Gov. Eric Holcomb to declare a state of emergency and help with funding to fight erosion as near-record high water levels continue sweeping away beaches important to tourism.Beverly Shores, a

  • Bill Gates on coronavirus: U.S. testing needs to increase ‘quite dramatically’
    Finance
    Yahoo Finance

    Bill Gates on coronavirus: U.S. testing needs to increase ‘quite dramatically’

    Philanthropist and billionaire Bill Gates believes that the best way to stop the spread of the coronavirus, or COVID-19, is to “quite dramatically” ramp up testing.

  • Finance
    The Canadian Press

    On Wall Street, some optimism penetrates the uncertainty

    Stocks rallied this week as Washington acted to provide $2.2 trillion of relief to an economy shocked by the coronavirus outbreak, leaving some on Wall Street cautiously optimistic that the panicky selling that had gripped the market earlier may have come to an end.Even after a loss on Friday, the S&

  • Carbon Market’s Virus Blow Softened by Brussels Technocrats
    Finance
    Bloomberg

    Carbon Market’s Virus Blow Softened by Brussels Technocrats

    (Bloomberg) -- The carbon market’s automatic stabilizers are set to kick in, softening the blow of the economic slump in the European Union caused by the spread of the coronavirus.The system, known as the Market Stability Reserve and introduced last year, will absorb some of the supply of allowances