Sweden Sticks With Controversial COVID-19 Approach
May 1, 2020 -- Sweden has taken a different approach to fighting COVID-19 than most other countries -- and it’s causing a global stir.
Exclusive: U.S. plans massive coronavirus vaccine testing effort to meet year-end deadline
The United States plans a massive testing effort involving more than 100,000 volunteers and a half dozen or so of the most promising vaccine candidates in an effort to deliver a safe and effective one
U.S. secures 300 million doses of potential AstraZeneca COVID-19 vaccine
The United States has secured almost a third of the first 1 billion doses planned for AstraZeneca’s experimental COVID-19 vaccine by pledging up to $1.2 billion, as world powers scramble for medicines to get their
Nvidia Gives In-Line Forecast Helped by Data Center Demand
By Ian King Quarterly data center sales topped $1 billion for first time Game-related revenue fell sequentially as pandemic hurt supply (Bloomberg) -- Nvidia Corp. gave a quarterly revenue forecast in line with analysts’ estimates, helped by
Market Sees Inflation Well Below Fed Target Until at Least 2050
By Emily Barrett Breakeven rates show subdued expectations even after stimulus Outlook makes 10-year inflation-linked offering a hard sell (Bloomberg) -- Bond investors are skeptical that inflation will rebound as the U.S. economy eventually starts to
It’s ‘dangerous to ignore the market:’ Bank of America sees $1 trillion in cash to fuel stocks
There’s a good chance that stocks build on their face-ripping rally off the lows given all the cash sitting on the sidelines, according to Bank of America. Savita Subramanian, the bank’s head of U.S. equity
U.S. airlines see glimmers of demand, a turning point in the pandemic
U.S. airlines are starting to see an uptick in demand as the summer vacation season approaches, but a full recovery appears far off. Southwest Airlines said Tuesday that new bookings are now outpacing cancellations, a turning
U.S. Financial Conditions Are Easing at Fastest Pace in History
By Todd White Measure of market health has bounced back to early March level Strong second wave of virus ‘could change all this’: Gkionakis (Bloomberg) -- American financial conditions have loosened at the fastest pace since
CBO Raises 2021 GDP Estimate, Remains Pessimistic on Job Market
By Katia Dmitrieva (Bloomberg) -- The Congressional Budget Office says the U.S. economy will expand more in 2021 than previously projected, though the economic fallout from the coronavirus will have a long-lasting impact on the labor
BofA CEO Says Credit Damage Muted, Sees Recovery at End of 2021
By Lananh Nguyen and David Westin Consumer spending picking up in reopening areas, Moynihan says ‘Not seeing the type of credit damage that you’d expect’ (Bloomberg) -- Bank of America Corp. Chief Executive Officer Brian Moynihan said consumer spending is picking