- According to the Wallstreet Journal, the New York Stock Exchange (NYSE) said on Thursday it will reopen its trading floor in Lower Manhattan with reduced staff on May 26, as the nation begins to lift restrictions placed to limit the spread of the COVID-19.
- 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 to come in at 2,981,000. Over the last eight weeks, about 36.5 million Americans have filed for jobless benefits.
- Netflix shares on Thursday hit an all-time high of $452 per share. The streaming company has added more customers during the pandemic as more people stayed home.
- The World Trade Organization has announced that its Director-General Roberto Azevedo will step down from his position on August 31.
- According to Bloomberg, prices of crude oil continued their rebound which began earlier this month May when output cuts went into effect. On Thursday’s session, Brent for settlements in July rose 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 – Company Statement
- The Wallstreet Journal has announced that 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 COVID19.
READ; Global Markets News Headlines – Thursday
