- On Thursday US dept of Labor reported initial jobless claims have hit a total of 33.5 Million in the last seven weeks having fallen by 677,000 to 3.17 Million during the week ending May 1.
- Oil prices rose higher during Thursday’s trading session after Saudi Arabia increased June crude selling prices in all regions.
- Chinese Media reported that Tesla had failed to resume production on May 6 as it was scheduled citing lack of materials caused by the supply disruptions of covid19. The firm will continue assembling on May 9.
- Zoom video communications announced earlier today the acquisition of encryption and security startup Keybase. Zoom has become famous during the lockdown and is being used by schools and many companies across the world for video conferencing.
