Aramco’s drop below IPO price deals blow to Saudi economic plan

Aramco’s drop below IPO price deals blow to Saudi economic plan

DUBAI (Bloomberg) –Saudi Aramco shares dropped below their IPO level for the first time as a looming price war in global crude markets battered the outlook for the kingdom’s flagship oil company.The stock fell as much as 9.4% in Riyadh before trimming losses to close down 9.1% at 30 riyals. That compares with the 32 …

CDC has tested ONLY  1,583 people for coronavirus

CDC has tested ONLY  1,583 people for coronavirus

America has the lowest testing rate in the civilized world and they are covering it up The Centers for Disease Control and Prevention (CDC) has tested 1,583 people for the coronavirus since the first cases were identified in the U.S. in January, health officials said Saturday. Food and Drug Administration (FDA) Commissioner Stephen Hahn told …

Panic buying forces stores to limit purchases of toilet paper and masks

Panic buying forces stores to limit purchases of toilet paper and masks

Retailers  are having to take drastic action to limit the number of toilet paper rolls, face masks and hand sanitizer bottles each person can buy as customers stockpile goods over fears of the novel coronavirus outbreak. The epidemic has infected more than 97,000 people and killed 3,300 globally, leading to growing alarm that has resulted …

Cuomo declares state of emergency in New York as state coronavirus cases soar to 76

Cuomo declares state of emergency in New York as state coronavirus cases soar to 76

Gov. Cuomo declared a state of emergency Saturday to deal with the worsening coronavirus crisis, as the number of cases jumped to 11 in the Big Apple — including one in Queens — and 76 across New York. Saturday’s numbers more than doubled the cases in the city, which stood at five on Friday, the …

U.S. Yields Hurtle Toward Zero With Thin Market Stunning Traders

U.S. Yields Hurtle Toward Zero With Thin Market Stunning Traders

(Bloomberg) — Treasury yields plummeted to record lows Friday as concern about the global economic and financial impact of the coronavirus spurred demand for havens, while questions swirled about liquidity in the world’s biggest debt market. U.S. securities rallied and long-bond rates notched their biggest intraday drop since 2009 as government debt around the world …

China NHC reports lowest virus case number so far

China NHC reports lowest virus case number so far

China’s National Health Commission (NHC) reported a significantly reduced number of COVID-19 cases with 99 new confirmed in the past twenty-four hours. This marks the lowest number since January 20, when the NHC released its first round of figures. Of the newly reported cases, 25 were seen outside the country’s Hubei province where the outbreak …

US markets close lower amid COVID-19 concerns

US markets close lower amid COVID-19 concerns

Equities on major United States stock markets closed the trading session on Friday lower. Novel coronavirus (COVID-19) developments grabbed the investors’ focus as the number of confirmed coronavirus cases worldwide climbed over 101,000 with the death toll reaching 3,462. United States President Donald Trump signed an $8.3 billion bill for allocating funds to fight against …