Business

VIX futures point to coronavirus worries for months to come

VIX futures point to coronavirus worries for months to come

SUMMARY: Prices for near-term VIX futures, which reflect expectations of volatility in coming months, have dropped as well in the past two weeks.

reuters
Equities climb on hopes pandemic is peaking

Equities climb on hopes pandemic is peaking

SUMMARY: NEW YORK (Reuters) - World equity markets moved higher and oil prices stabilized on Wednesday on hopes the coronavirus pandemic is getting close to peaking and that more government stimulus measures could be on the way.

reuters
Zoom sued for overstating, not disclosing privacy, security flaws

Zoom sued for overstating, not disclosing privacy, security flaws

SUMMARY: (Reuters) - 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.

reuters
Zoom hires former Facebook security chief to beef up privacy, safety

Zoom hires former Facebook security chief to beef up privacy, safety

SUMMARY: (Reuters) - Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser and set up an advisory board to improve the privacy and security of its rapidly growing video-conferencing app amid a global backlash.

reuters
U.S. senators question Amazon CEO about firing of warehouse protest leader

U.S. senators question Amazon CEO about firing of warehouse protest leader

SUMMARY: FILE PHOTO: Amazon.com trucks are seen at an Amazon warehouse on Staten Island in New York City, New York, U.S., March 30, 2020.

reuters
German foreign ministry restricts use of Zoom over security concerns

German foreign ministry restricts use of Zoom over security concerns

SUMMARY: FILE PHOTO: The Zoom Video Communications logo is pictured at the NASDAQ MarketSite in New York, New York, U.S., April 18, 2019.

reuters
McDonald's sales dip just 3.4% as US stores stay open

McDonald's sales dip just 3.4% as US stores stay open

SUMMARY: The fast-food chain took a big hit to its international business in March, when it shut outlets in the UK, France, Italy and Spain.

bbc
Wobbly U.S. fiscal response could deepen coronavirus recession

Wobbly U.S. fiscal response could deepen coronavirus recession

SUMMARY: The federal government’s muddled response risks deepening and lengthening a recession already historic for the speed of its onset.

reuters
Centerview turns to Matthieu Pigasse to lead new Paris hub

Centerview turns to Matthieu Pigasse to lead new Paris hub

SUMMARY: PARIS (Reuters) - U.S. investment bank Centerview has hired Lazard’s former France boss, Matthieu Pigasse, to lead its newly-launched Paris office and win business from European companies grappling with the economic damage caused by the coronavirus outbreak.

reuters
Airbus to review production cuts after 'some months': CEO

Airbus to review production cuts after 'some months': CEO

SUMMARY: FILE PHOTO: Airbus CEO Guillaume Faury talks to journalists after Airbus's annual press conference on Full-Year 2019 results in Blagnac near Toulouse, France, February 13, 2020.

reuters
Coming next from the Fed: How much for Main Street?

Coming next from the Fed: How much for Main Street?

SUMMARY: The Fed, in coordination with the Treasury Department, is planning a Main Street Lending Facility as one of its linchpin programs in the crisis.

reuters
Around a third of US tenants didn't pay their April rent

Around a third of US tenants didn't pay their April rent

SUMMARY: By the same time last month, 82% of renters had paid their rent for the month.

business insider
Buy now, pay later startups are 'having a moment' - here's why retailers like Walmart and Target are betting on installment payments to keep consumers spending

Buy now, pay later startups are 'having a moment' - here's why retailers like Walmart and Target are betting on installment payments to keep consumers spending

SUMMARY: Buy now, pay later startups are 'having a moment' - here's why retailers like Walmart and Target are betting on installment payments to keep consumers spending

business insider
Coronavirus: lenders raise interest rates on mortgages

Coronavirus: lenders raise interest rates on mortgages

SUMMARY: Britain's banks have defied the Treasury and Bank of England's efforts to get them to lessen the burden on households, raising their interest rates on mortgages after the Bank cut the country's official borrowing rate.

sky news
Quibi made its content screenshot-proof, but the platform could lose valuable viewers without widely shared memes of its shows

Quibi made its content screenshot-proof, but the platform could lose valuable viewers without widely shared memes of its shows

SUMMARY: Users were quick to discover that they're unable to take screenshots of shows they're watching - if you try to, you instead get a photo of a black screen.

business insider
Coronavirus: Investors lose out on £1.3bn as insurers cancel dividends

Coronavirus: Investors lose out on £1.3bn as insurers cancel dividends

SUMMARY: The upshot of that advice was felt today when a quartet of leading insurers - Aviva, Direct Line, RSA and Hiscox - announced they would not be paying a final dividend for 2019.

sky news
Coronavirus: NatWest boss gives up pay and bonuses worth up to £2.3m

Coronavirus: NatWest boss gives up pay and bonuses worth up to £2.3m

SUMMARY: The boss of taxpayer-backed NatWest group is to give up pay and bonuses worth up to £2.3m as the coronavirus crisis weighs on UK households and businesses.

sky news
With stock-exchange floor closed, traders and investors grapple with uncertainty

With stock-exchange floor closed, traders and investors grapple with uncertainty

SUMMARY: ADThe traders provide a key temperature-regulation system.

washington post
Coronavirus: Chancellor announces aid for charities

Coronavirus: Chancellor announces aid for charities

SUMMARY: Image copyright Getty ImagesChancellor Rishi Sunak has announced a £750m package to keep struggling charities afloat during the coronavirus pandemic.

bbc
Coronavirus: 'Drop in global trade to be worse than 2008 crisis'

Coronavirus: 'Drop in global trade to be worse than 2008 crisis'

SUMMARY: The wide range of possibilities reflects the uncertainties about the health crisis.

bbc