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Coronavirus Outbreak Live Updates: Keep Up With The Latest Headlines

The coronavirus pandemic has dominated headlines for the better part of 2020. Keep up to date by checking this live blog every day for major updates related to COVID-19 and its impact on the world economy, U.S. markets and the health of the global population.  read more

Can Cannabis Ease Coronavirus Symptoms? Toronto Firm Applies For Clinical Trial

Medical cannabis company Cannalogue decided to step into the fight against the coronavirus pandemic by researching the effects of medical cannabis on the virus. read more

Temp Staffing Spikes In Cannabis Sector During COVID-19 Pandemic

The cannabis space has seen a string of layoffs, and some companies are resorting to temporary hiring. Liesl Bernard, the founder and CEO of cannabis staffing firm CannaBiz Team, told Benzinga that her company has seen a 100% increase in temporary staffing in the past two weeks. read more

10 Stocks To Buy With Low Debt And High Liquidity

Given the near-term economic uncertainty surrounding the COVID-19 outbreak, investors have been shifting their focus from growth stocks to stocks that have the balance sheets and liquidity to weather the current downturn. Assuming the economy gets back to normal at some point in the relatively near future, the name of the game between now and then may simply be survival. read more

Companies Suspend Dividends, Buybacks As Pandemic Weakens Market

Dividend and buybacks are the primary means adopted by companies to reward their shareholders. Shareholders can also find returns from capital gains or stock price appreciation, which may or may not be in the company's control. read more

Volumes Begin To Drop After A Historic Climb – FreightWaves NOW

Zach Strickland talks volumes and capacity in the Carrier Update presented by PowerFleet, Luke Falasca tells brokers what they should do about sliding volumes, and Anthony Smith dives into weekly jobless claims as the economy spells more uncertainty with each passing day. read more

Meritor Plants Idled And Salaries Cut In Half Temporarily

Component supplier to the truck original equipment manufacturers (OEMs) Meritor, Inc. (NYSE: MTOR) announced that it was idling production, laying off hourly staff and cutting salaried employee pay by half. read more

Port Of Virginia Rapidly Moving COVID-19 Test Kits

The Port of Virginia said it is rapidly processing import containers of COVID-19 test kits and protective gear for frontline medical personnel through a newly instituted critical cargo initiative. read more

Option Trader Makes Massive $2.3M Bet On Citigroup

Shares of Citigroup Inc (NYSE: C) traded higher by 8% on Thursday as traders become increasingly optimistic that a $2 trillion stimulus package will help the U.S. economy make it through the coronavirus (COVID-19) outbreak. read more

Ocean Container Volumes Are About To Fall Off A Cliff

The new market outlook of U.K.-based consultancy Maritime Strategies International (MSI) reads like a Stephen King novel geared toward container-line executives. It's not exactly feel-good reading for cargo shippers either. Cheap freight rates are only attractive if they don't trigger another Hanjin Shipping-style bankruptcy. read more

Coronavirus Impact Drives Car Carrier To Reduce Fleet, Workforce

As the coronavirus pandemic has put the brakes on vehicle production and auto sales around the world, car carrier Wallenius Wilhelmsen is laying off workers and laying up ships. read more

CARES Bill Opens Billions In Relief To Small Trucking Companies

Small trucking companies and other businesses in danger of permanently closing their doors as a result of COVID-19 can apply for immediate relief under the stimulus package expected to be approved tomorrow. read more

Michigan Schools, Businesses Join Fight To Mitigate Economic Fallout From Coronavirus

The true extent of the coronavirus pandemic's damage to America’s workforce became more apparent Thursday with weekly unemployment benefit filings soaring to 3.3 million, the highest number on record. read more

FMC Presses To Finalize Container Availability Rule

The U.S. Federal Maritime Commission (FMC) said on Thursday its legal staff is working diligently to finalize an interpretive rule regarding the fair assessment of demurrage and detention fees on shippers by ocean carriers and marine terminals. read more

Unemployment, Bailouts And Headlines – Coronavirus Freight Market Update (With Video)

On today's Coronavirus Freight Market Update, we run through the headlines, break down what's going on with unemployment and have a special interview with FreightWaves Founder and CEO, Craig Fuller. read more

General Mills CEO: Everyone Is ‘Doing The Job They Need To Do’

General Mills, Inc. (NYSE: GIS) is able to keep up with the demand for shelf-stable food because everyone at the organization with the help of outside forces like law enforcement is "doing the job they need to do," CEO Jeff Harmening said Thursday on read more

Huawei Releases Latest Flagship Phone Amid Global Coronavirus Lockdown

Huawei has announced the release of the flagship phone, but the launch comes at a time when many countries are imposing lockdowns, or asking for voluntary social distancing due to COVID-19. read more

WWE’s Wrestlemania 36 Takes Another Blow, Could Be Without Top Star Roman Reigns

Roman Reigns will not be taking part in World Wrestling Entertainment Inc.’s (NYSE: WWE) WrestleMania 36 championship match against the legendary Goldberg due to COVID-19 concerns.  read more

Veeva Systems’ CRM Product Is Seeing Ten Times More Usage During Coronavirus Pandemic

The customer relationship management (CRM) product developed by Veeva Systems (NYSE: VEEV) is seeing ten times more usage during the novel coronavirus (COVID-19) outbreak, the company's CEO Peter Gassner read more

1,000 Google Employees Volunteer To Help Expand Sister Company’s Coronavirus Testing Program

A thousand Google LLC employees have volunteered to help with the novel coronavirus triage testing program developed by fellow Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) s read more

US Surpasses China And Italy In Number Of Infected With COVID-19

As of Thursday, the number of COVID-19 cases in the U.S. surpassed those in China and Italy, with New York being one of the hardest-hit states. read more

Tesla To Reduce 75% Of All On-Site Staff At Nevada Gigafactory Due To Pandemic

Tesla Inc. (NASDAQ: TSLA) is cutting three-fourth of its on-site staff at the Nevada gigafactory due to the impact of the novel coronavirus (COVID-19) outbreak in the country. read more

Dow, S&P Futures Drop Signaling An End To 3-Day Long Recovery Rally

The United States futures contracts dropped early Friday, signaling an end to a three-day-long market rally. read more

UK Prime Minister Boris Johnson Tests Positive For Coronavirus

U.K. Prime Minister Boris Johnson has tested positive for coronavirus (COVID-19), reports the BBC, citing an official statement from Downing Street. read more

Passenger Airlines Morph Into Cargo Carriers

More passenger airlines are helping fill the severe shortage in freight capacity by turning their aircraft into cargo-only airplanes to haul critical medical supplies, foodstuffs and other economically essential goods.  read more

Why SmileDirectClub’s Stock Is Trading Higher Today

SmileDirectClub (NASDAQ: SDC) shares were trading higher on Friday, after the company announced it's now producing medical-grade face shields for health care workers amidst the coronavirus (COVID-19) pandemic. read more

USPS Gets $10B Line Of Credit In Senate’s Coronavirus Relief Package

The U.S. Postal Service (USPS) will receive a $10 billion line of credit under the U.S. Senate's $2.1 trillion coronavirus economic relief legislation passed late on the evening of March 25, disappointing those who hoped USPS would receive as much as $25 billion in direct aid and the forgiveness of $11 billion in debt. read more

What To Know About #MintTheCoin

In an effort to curb the economic damage already done by the coronavirus, U.S. Rep. Rashida Tlaib (D-Michigan) has proposed a $2-trillion solution — and awakened a 2013 hashtag in the process. read more

Rosenblatt Discusses RingCentral’s Potential Video Product Launch And Its Impact On Zoom Video

Zoom Video Communications Inc (NASDAQ: ZM) has been one of the biggest market winners from the coronavirus-driven surge in employees working from home around the world. read more

COVID-19 Generates White Knights In Freight Industries

The COVID-19 pandemic has created a tsunami of supply chain issues never before seen. As countries shut down borders and as people quarantine themselves at home, the men and women in logistics continue to pull long hours at their workplaces, making sure essential commodities reach people on time. read more

Will COVID-19 Cause The US Government To Finally Treat Cannabis As A Medicine?

The debate is still well underway and unresolved: Is cannabis (both marijuana and hemp) considered a plant with medicinal value? read more

April Markets: Curtain Raising On Earnings, But Guidance May Take Center Stage

Instead of checking baseball box scores and breaking down Q1 earnings results, investors are likely to spend April watching the case count. Cases of coronavirus, that is—because at this point, unfortunately, it has had a devastating effect on peoples’ day-to-day lives. read more

Marijuana Trade Group Enlists Alcohol Industry Vet As COO, EVP

The National Association of Cannabis Businesses (NACB) has appointed Mark Gorman as its new Executive Vice President and Chief Operating Officer. The marijuana industry trade group announced the move in the midst of the COVID-19 pandemic. read more

GM, Ventec Announce Capability To Produce 10K Ventilators Monthly After Trump Lashes Out On Twitter

General Motors (NYSE: GM) and Ventec Life Systems announced details on a partnership to produce ventilators at GM's Kokomo, Indiana plant Friday, following a report that the read more

Coronavirus: U.S. Unemployment Risk

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Today’s Pickup: Workhound Platform Reveals Driver Concerns Over COVID-19

Good day, read more

Q&A: What Companies Need To Know About The Families First Coronavirus Response Act

The U.S. Department of Labor (DOL) has posted a "Families First Coronavirus Response Act: Questions and Answers" summary on its website, which can be accessed here. read more

Some Cannabis Companies Cut Staff Due To COVID-19, But This One Is Hiring

TerrAscend Corp. (CSE: TER) (OTC: TRSSF) provided its operational update Friday amid the coronavirus pandemic. read more

Novartis CEO Talks Coronavirus Vaccine Progress, Timeline

The world is progressing towards a vaccine for the coronavirus with multiple large-scale and properly controlled studies exploring the efficacy of hydroxychloroquine, Novartis AG (NYSE: NVS) CEO Vas Narasimhan read more

Why Stock Exchange Floor Closings Could Be Creating End-Of-Day Volatility

The New York Stock Exchange closed its trading floor this week in response to the COVID-19 pandemic, and the decision may be having a subtle impact on trading action in the market. read more

Freight Rail And Partners Outline Coronavirus Responses

Freight rail and intermodal companies have been developing plans to ensure that business operations continue as near to normal as possible as the coronavirus pandemic plays out in North America.   read more

US House of Reps Passes $2.2T Coronavirus Bill, Sends to Trump

House of Reps Member Joe Cunningham Test Positive for Coronavirus

Port Of Los Angeles Receives Mercy

The Navy hospital ship USNS Mercy arrived at the Port of Los Angeles Friday morning to support COVID-19 response efforts. The Mercy docked at the World Cruise Terminal, idled by the cruise industry's shutdown during the coronavirus crisis. read more

CDC Tells Truckers Going Through NY No Need To Self-Quarantine

Here's the message from the Centers for Disease Control and Prevention (CDC) to truck drivers servicing New York City: stay in your cab but no need to self-quarantine after leaving Gotham. read more

American To Park 80% Of Domestic Capacity By May

American Airlines Group, Inc. (NASDAQ: AAL) said Friday it will suspend 60% of its flight schedule in April and likely reduce capacity by 80% in May because of the coronavirus pandemic. read more

Poll: Investors Confident In U.S. Economy, But See Recession Ahead

Detroit, MI, Mar. 27, 2020 — Benzinga, a leading news and data platform, formally announced the results of its investor sentiment survey, as part of an effort to gauge the impact of the 2020 market crash and COVID-19 coronavirus pandemic. read more

Maersk Crew Hospitalized In China With Suspected Coronavirus

A.P. Møller-Mærsk (OTCMKTS:AMKBY) has confirmed that crew members have been evacuated from the Gjertrud Maersk and hospitalized in Ningbo, China, with suspected cases of the coronavirus. read more

Markets End Historically Volatile Week On Uneven Note

The S&P 500 came roaring back after hitting multi-year lows on optimism that a $2 trillion government stimulus package can get America through the worst of the coronavirus (COVID-19) outbreak. read more

Volume Decline Spurs Baltimore Terminal To Close For Two Days

The Seagirt Marine Terminal at the Port of Baltimore will be closed Monday and Tuesday. Ports America Chesapeake operates the Seagirt Marine Terminal, which the Maryland Port Administration said would be closed because of "current declines in international container volumes." read more