U.S. President Donald Trump on Friday signed a nearly $500 billon coronavirus relief bill into law to expand loans for small businesses reeling from the outbreak, as his Treasury secretary promised surveillance to stop bigger companies from accessing the funds.
New York Governor Andrew Cuomo said on Thursday that strains of the novel coronavirus that first infected his state's residents came from Europe, not China, and that the ban on travelers from China came too late to halt its spread.
U.S. investment banks are shrinking lending activity in Europe as the coronavirus crisis forces them to retreat home, allowing BNP Paribas and other European lenders to fill the funding gaps and grab market share, seven sources told Reuters.
Veteran John Stankey will take over as AT&T chief executive officer, the company said on Friday, as the U.S. telecommunications and media giant grapples with the impact of the coronavirus outbreak and its late entrance into the global streaming wars.
A fifth coronavirus-response bill will soon be readied, U.S. House of Representatives Speaker Nancy Pelosi said on Friday, as she warned Republicans that it must include new aid to state and local governments.
Atlantia will give about 1,000 euros ($1,080) of shares to each of the 12,000 workers employed by the group's Italian companies, the motorway and airport operator said on Friday.
Oil prices rose on Friday, but both the Brent and U.S. benchmarks were on track for their third straight week of losses as global production shutdowns failed to keep pace with the collapse in demand caused by the coronavirus pandemic.
Apple Inc and Alphabet Inc's Google on Friday updated technical details of the coronavirus contact tracing system they plan to release next month, saying new features would strengthen privacy protections and give health authorities more detailed data.
Oilfield services provider Halliburton Co said on Friday it would cease most of its operations in Venezuela after the U.S. Treasury Department imposed tight new regulations on oil and gas companies doing business in the South American nation.
The rout in U.S. oil prices will extend globally without a sharp cut to production, according to satellite data analysts.
A standoff between the two largest nations in the European Union and Silicon Valley escalated on Friday as Apple and Google rebuffed demands by France and Germany to back their approach to using smartphone technology to trace coronavirus infections.
Several staffers at major retail chains, including J.C. Penney Co Inc and Saks Fifth Avenue, reported for duty at some Texas-based stores on Friday, selling merchandise "to-go" for orders placed online.
A key U.S. government trial of Gilead Sciences Inc's experimental coronavirus treatment may yield results as early as mid-May, according to the study's lead investigator, after doctors clamored to enroll their patients in the study.
The Trump administration is considering taking stakes in U.S. energy companies as one possible option as it seeks to help the nation's oil and gas sector amid the coronavirus outbreak, U.S. Treasury Secretary Steven Mnuchin 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.