This archive report was first published on 15 May 2020.
As the nation starts to lift restrictions placed to limit the spread of COVID-19, the New York Stock Exchange (NYSE) announced it will reopen its trading floor in Lower Manhattan with reduced staff on May 26.
On the economic front, the number of initial jobless claims in the United States for the week ending May 9 decreased by 195,000 compared to the previous week's revised figure, coming in at 2,981,000. Over the last eight weeks, about 36.5 million Americans have filed for jobless benefits.
Netflix shares hit an all-time high of $452 per share on Thursday, as the streaming company has added more customers during the pandemic as more people stayed home.
The World Trade Organization announced that its Director-General Roberto Azevedo will step down from his position on August 31.
Crude oil prices continued their rebound, which began earlier this month, with Brent for settlements in July rising by over 6% to sell for $30.94 per barrel, while West Texas Intermediate (WTI) for June delivery rose 6.80% to $27.01 per barrel.
Apple has announced the acquisition of California-based virtual reality startup NextVR.
British airline Virgin Atlantic is in negotiations with several institutions, including Deutsche Bank AG, to secure £750 million to cushion against the negative effects of COVID-19.
