NEW YORK (Reuters) – Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks. A record 48% of fund managers are overweight healthcare stocks, a BofA survey showed, and the S&P 500 healthcare sector is up nearly 34% since its March […]
By Lucia Mutikani WASHINGTON (Reuters) – A staggering 16.8 million Americans have filed for unemployment benefits in the last three weeks, with weekly new claims topping 6 million for the second straight time last week as the novel coronavirus outbreak relentlessly savages the economy. Thursday’s weekly jobless claims report from the Labor Department, the most […]
By Alexander Cornwell DUBAI (Reuters) – Emirates is suspending flights to cities including New York, Delhi and Melbourne due to the coronavirus outbreak that has severely hit travel demand. The state-owned airline is temporarily ceasing services to 104 destinations, representing 65% of its global network, according to an updated list posted on its website on […]
