CityWatch: New York City’s 4,000 nail salons face uphill battle after reopening

The long-term prospects for these businesses — and the safety of their workers and customers — is uncertain.

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CityWatch: New York City’s vast numbers of nail salons face uphill battle after reopening

The long-term prospects for these businesses—and the safety of their workers and customers—is uncertain.

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Futures Movers: Oil climbs, but U.S. benchmark ends lower for the week as IEA warns of coronavirus risk

Oil futures climb on Friday, but U.S. prices finish lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will linger, even if the worst of the hit to economies has subsided.

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: Tesla stock gains more than 6%, keeps $1,500 within sights

1h

Gilead says coronavirus drug remdesivir can reduce risk of death, but analysts need more proof

Shares of Gilead Sciences Inc. gained 2.0% on Friday after the drugmaker shared potentially promising data about remdesivir that indicates the experimental COVID-19 drug may reduce deaths, though it noted the findings need to be confirmed.

1h

Metals Stocks: Gold prices end lower, but tally a 5th straight weekly gain

Gold futures end lower on Friday, but hold ground above $1,800 an ounce to score a fifth weekly gain in a row as the spread of coronavirus continued to feed expectations for an economic slowdown, boosting the metal’s investment-haven appeal.

1h

Market Snapshot: Dow up nearly 300 points as stocks head for weekly gains

U.S. stocks trade mostly higher Friday.

1h

Treasury Department says Americans’ $450 billion in charitable donations last year shows ‘greater distribution of wealth’ in the U.S. — but the data suggest otherwise

Treasury Secretary Steven Mnuchin says the Trump administration’s policies gave ‘hard-working Americans’ a chance to give back to their communities.

2h

Philip Morris says cigarette sales in many places could end in a decade and they’ve got a ‘safer’ product to replace them

Philip Morris is encouraging stakeholders to work with them to move smokers to cigarette alternatives at a time with cigarette consumption is declining.

2h

Outside the Box: What the world could use now: A reset between the U.S. and China

The two leading superpowers could help heal the world as the coronavirus has damaged global economies.

2h