"I think a lot of people are trying to get clever and time the market," Bank of America vice chairman Keith Banks told CNBC. "You tend to do the wrong thing at the wrong time."
Therapeutics company Celularity is awaiting permission from the FDA to test whether a new cell therapy that boosts immunity could be effective against COVID-19. It has been used for cancer treatments.
Snap on Tuesday announced the launch of App Stories, which brings the company's popular Stories feature to apps created by third-party software developers.
Ford on Tuesday said it is delaying the restart of a car plant in Mexico as well as four truck SUV and van plants in the U.S. " to help protect its workers."
While the Southeast Asian nation continues to report new cases of infections daily and has seen recent spikes, it has managed to steer clear of the kind of catastrophic outbreaks that have occurred in other countries.
As majority of Americans practice social distancing due to the rapid spread of coronavirus, supermarkets are seeing a dramatic surge in demand. Sales of items such as beans, meat and pasta have doubled and tripled, and consequently supermarkets are struggling to keep up. Images of empty aisles and customers hoarding have had people concerned that the country will run out of food. However, industry experts say the supply chain is intact and that running out of food is highly unlikely.
The world's largest advertising group pulled its dividend and share buyback and withdrew guidance for 2020 on Tuesday, after clients cancelled marketing booked with the company due to the coronavirus crisis.
Low-cost U.S. carrier Spirit Airlines will cancel all flights to and from New York, Connecticut, and New Jersey after U.S. officials warned against travel to the area because of the COVID-19 pandemic.
In May, Huawei was put on the U.S. Entity List, a blacklist that restricts American firms doing business with it. A top executive told CNBC that was to blame for missed revenue targets.
Little can replace the feeling of being in the Great Outdoors. Yet simply looking at photographs of nature for as few as five minutes can have a similar calming effect on the brain.
Southern Italians are bracing themselves for the coronavirus outbreak that has crippled northern Italy, with many people scared, angry and desperate for more government help.